Peer reviews are required of all CPA firms that are members of the AICPA. However, some CPA firms are not members, thereby avoiding a peer review, which may be a consideration when choosing a CPA.
An engagement peer review is performed (off-site) when the CPA firm’s highest level of service is a review of financial statements or compilation of financial statements with disclosures.
A peer review of a CPA firm can be used as a tool to assess whether the CPA firm it hires or is considering hiring:
- Has a system of quality control for its accounting and auditing practice that has been designed to meet the requirements of the AICPA’s Statements on Quality Control Standards (SQCSs).
- Is complying with that system of quality control during the peer review year to provide the firm with reasonable assurance of complying with professional standards.
Angelo Di Fusco CPA takes pride in his achievement of the highest rating level for peer review by another CPA firm. Clients can be assured of the integrity, independence and knowledge of Angelo Di Fusco CPA.
See below the peer review letters received.