Which one of the following is not true regarding the American Institute of Certified Public Accountants peer review requirement? O A ACA will lose AICPA membership if a peer review is not performed as it improves the firm's practices, its reputation and effectiveness 08. Rems required to be registered with the PCAB are exempt as it is an AICPA requirement O CA CPA firm must develop and adhere to quality control standards OD. Peer reviews are mandatory by the AICPA as they reduce the likelihood of tawiults and are required periodically