Peer reviews are structured to maintain and improve the quality of the accounting, auditing, and attestation services performed by CPA firms. As a result, a peer review analyzes the CPA firm’s quality control policies and procedures to assess compliance with existing professional standards. Peer reviews are required every three years to maintain membership in the American Institute of Certified Public Accountants (AICPA). In addition, it provides a history of any attestation reports issued by that member/firm. Similarly, some state jurisdictions require peer reviews to be completed regardless of an AICPA membership.
Selecting a firm to perform your peer review is an important decision. However, the cost of a properly completed peer review is an investment in the future success of your firm. A successful peer review depends greatly on a firm’s commitment to quality and compliance with professional standards. Similarly, THF approaches the issues you face with the goal of bringing value to the process.
THF was recently recognized by Forbes Magazine as a Top Recommended Firm. In addition, Inside Public Accounting noted us as a “Best of the Best” firm.
THF has access to resources and services RSM US LLP provides its own clients due to our membership in the RSM US Alliance. In addition, we follow the RSM audit methodology. RSM US LLP is the leading provider of audit, tax, and consulting services focused on the middle market. RSM has more than 9,000 people in 86 offices nationwide.
Our firm’s culture is to make an impact in everything we do, support our industry, and uphold our core values. Consequently, THF employs three former chairmen of the Board of the FICPA. We also employ the chair elect of the FICPA and two current AICPA council members. One of our founders, John Thomas, sat on the AICPA committee responsible for writing today’s auditing standards. As you can see, making an impact is a key part of our firm.
THF will position you to expand the capabilities and services of your firm. We’ll do this with precision, efficiency, and the highest standards of service.
Reach out to us today to begin the process of setting up your peer review!