The American Institute of CPAs (AICPA) established the peer review program over 20 years ago as a means of enhancing the quality of accounting, auditing, and attestation services performed by firms in public practice. The program challenges firms to improve their processes, contributing to enhancement of the profession, as well as the public’s confidence in the services all firms provide. Every AICPA member firm performing attestation services is required to undergo a peer review by another CPA firm or state peer review committee. Currently, over 30,000 firms nationwide are subject to a peer review, and it has proven an effective quality improvement tool in battling complacency with professional standards.

To conduct a peer review, CPA firms engage another independent, qualified CPA firm. When choosing a firm to perform a peer review, it is important for the selecting firm to pick a firm with matching industry experience, and one that will add value and insight to the firm’s quality control policies and procedures. Therefore, it is essential for firms performing peer reviews to have strong ethical values and an expert understanding of current quality control standards, practices, and processes.

Though the peer review process is useful to those firms receiving the service, clients benefit as well. For example, when selecting what CPA firm to hire, clients must consider many factors. One of the most important and often overlooked factors is the CPA firm’s peer review report, which assesses that firm’s adherence to professional standards and quality control procedures. The peer review report is a strong indication of the quality of work and value-added service the firm provides to clients. By selecting a CPA firm with a strong peer review report, you are ensuring that your organization receives services that are performed in accordance with industry standards.

Since becoming subject to the peer review process, Blackman & Sloop has received the highest possible rating on our peer reviews, which is indicative of our commitment to quality and continuous effort to improving our profession. We pride ourselves on our quality control processes, industry experience, and adherence to professional standards, and are offering this service as a means of sharing this commitment with other CPA firms. If you are interested in receiving a quality, cost-effective peer review, we are here to assist you.

About Blackman & Sloop CPAs, P.A. :

Blackman & Sloop is a full-service CPA firm headquartered in Chapel Hill, North Carolina and is actively involved in auditing, taxation, management consulting, financial planning, and related services. The firm directs a large part of its services toward providing management with advice on budgeting, forecasts, projections, financing decisions, financial analysis, and tax developments. The firm also performs review and compilation services and prepares not-for-profit, corporate, individual, estate, retirement plan, and trust tax returns as well as technology consulting services regarding installation and training on QuickBooks. Blackman & Sloop provides services in Raleigh, Durham, Chapel Hill, RTP, Hillsborough, Pittsboro, Charlotte, and the rest of North Carolina. To find out more please visit http://www.blackmansloop.com

Contact: CPA cpa@blackmansloop.com