PEER REVIEW ICAI GPT stands for Peer Review by the Institute of Chartered Accountants of India Global Practice Transformation. This process involves a comprehensive evaluation of a firm's accounting and auditing practices to ensure compliance with professional standards and ethical guidelines. The Peer Review helps in maintaining quality control and enhancing the credibility of the accounting profession. It involves a thorough examination of the firm's workpapers, procedures, and overall quality control system. The Peer Review process provides valuable feedback and recommendations for improvement, ultimately benefiting the firm and its clients.