ParenteBeard remains committed to the highest standards of our profession, supported by our professional practice team. Our professionals adhere to rigorous quality control policies, and we have a proud tradition of unqualified opinions in our peer reviews.
The peer review program, established by the American Institute of Certified Public Accountants (AICPA), enhances the quality of accounting, auditing and attestation services performed by its members in the practice of public accounting. Every three years, the country’s CPA firms are required to obtain an independent peer review of their accounting and auditing practices’ quality control systems. Since 1988, the peer review program has demonstrated the profession’s dedication to integrity, and is well-recognized as an effective assessment tool. Peer review verifies that the firm’s quality control policies and procedures are consistently followed, and includes review of selected accounting and auditing engagements.
We are pleased that on our most recent peer review in 2011, we again received an unqualified opinion and a rating of pass, the highest of the three potential opinions.