Peer Review



Kirisits & Associates, CPAS, PLLC retains an independent accounting firm to conduct a review of its system of quality control every three years in accordance with the rigorous standards of the American Institute of Certified Public Accountants.  In June 2009, our Firm successfully completed the most recent peer review of its accounting and auditing practice.  The review determined that the Firm complies with the stringent quality control standards set by the American Institute of Certified Public Accountants.  Our Firm has received the highest rating possible with no letter of comments being required in each of its last four peer reviews.  According to the peer review team, less than one percent of the firms in the nation achieve this level of excellence.  We believe that this attests to our commitment to quality.  Peer reviews, which are performed every three years, are required of all CPA firms and are conducted in accordance with rules issued by the American Institute of Certified Public Accountants.  Please see attached a copy of the report issued in connection with our most recent peer review.

In addition to our external peer review, our firm conducts an engagement quality control review (EQCR) on all of our audit clients and an annual review of a sample of our nonattest clients.  As part of the EQCR process on our audit engagement all workpapers are reviewed in detail by a concurring partner prior to release of the audited financial statements and other required reports.  This process ensures that all of our engagements meet or exceed quality control standards promulgated in accordance with the American Institute of Certified Public Accountants.