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PEER REVIEW
We are very proud to announce we have
successfully completed a rigorous peer review of our accounting and auditing
practice. The reviewer concluded the firm complied with the stringent
quality control standards set by the American Institute of Public
Accountants (AICPA), the national professional organization of CPAs. This is
the fourth consecutive review the firm has completed for which the reviewers
ranked the firm in the highest category.
In fact, our level of compliance with the quality control and professional
standards place us among an elite group of CPA firms across the nation.
What is a Peer
Review?
Carried out in conjunction with participating state CPA societies and
overseen by the AICPA, the AICPA peer Review Program requires CPAs to have a
rigorous, outside review of their accounting and auditing practices every
three years. These reviews determine whether a firm has suitable quality
control policies and procedures and is complying with them. Specifically,
the reviewers focus on the following:
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How the firm implements independence
requirements
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How personnel are assigned
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Provisions for consultation when technical
assistance is required
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How accounting and auditing engagements are
performed and supervised
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Hiring practices
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Continuing professional education programs
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Promotion of personnel
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Obtaining and retaining clients
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Internal inspection of the firm’s work
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