Certainly one would like to see a report submitted more frequently than once a year. It is very important for novice professionals to know how their work is being received by supervisors. The impact you are making may not be obvious and your self-evaluation may not be accurate. However, you cannot rely on casual remarks, for these may be in jest or not thought through. You should not only be informed whether you are doing well or poorly, but what you are doing right or wrong and what you should do to improve.
Most firms do provide formal feedback.
This is vital information to have at the start so that you can begin preparing for the CPA exam immediately. If a firm does not require the CPA certification of its seniors, then its overall standards may well be lower than those of a firm that does so require it. Knowing this will help you plan your finances, especially if you hope to move up out of a low starting salary by performing well immediately. Most CPA firms review staff salaries annually during the summer months. Most firms pay lip-service to encouraging professional development in the form of creative output by the staff, but only few permit such work on staff time.