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Need for Peer Review. Presently a self-regulatory mechanism by the ICAI. Ensures standardised processes. Ensure high standards of audit. The Peer Review Board of ICAI was established in 2002, recognising the need to ensure the quality of services provided by practicing Chartered. Accountants. Thepeerreviewboard@icai.in. Website Peer Review issued by the Institute of Chartered Accountants of India in Chapter 3 of the Manual contains the. Peer Review Board - Means a Board established by the Council of the Institute of Chartered Accountants of India in terms of the Statement on Peer Review, peer review process. ? Peer Review Board of the ICAI has revised the 'Peer Review Manual' to provide updated information to the reviewers incorporating the. Handbook on Advisories for Peer Reviewers. Peer Review Board. The Institute of Chartered Accountants of India. (Set up by an Act of Parliament). New Delhi Peer Reviewer Advisory · Practice Unit Advisory · Revised Peer Review Manual · Statement on Peer Review · FAQs - Peer Review Board