The American Institute of Certified Public Accountants (AICPA) is the national, professional organization for all Certified Public Accountants. It establishes standards, assists members in continually improving their professional conduct, performance and expertise, and monitors such performance to enforce current standards and requirements.
In order to be admitted or retain membership in the AICPA, members of the AICPA who are engaged in the practice of public accounting in the United States or its territories are required to be practicing as partners or employees of firms enrolled in an approved practice monitoring program.
For purposes of the AICPA Peer Review Program Standards, an accounting and auditing practice is defined as all of a CPA firms engagements performed under the Statements on Auditing Standards (SASs), Statements on Standards for Accounting and Review Services (SSARS)*, Statements on Standards for Attestation Engagements (SSAEs) and Government Auditing Standards (the Yellow Book), issued by the U.S. General Accounting Office (GAO).
Every three years, Wright, Moore, DeHart, Dupuis & Hutchinson, LLC is subjected to a "System Review" The objective of a system review is intended to provide a basis for expressing an opinion as to whether or not, during the year under review, the firm:
- Has designed its system of quality control for its accounting and auditing practice in accordance with AICPA quality control standards.
- Is complying with its quality control policies and procedures in a way that will provide the firm with reasonable assurance of conforming with professional standards.
The scope of the peer review does not encompass other segments of a CPA practice, such as tax services or management advisory services, except to the extent they are associated with financial statements, such as reviews of tax provisions and accruals contained in financial statements.
To view Wright, Moore, DeHart, Dupuis & Hutchinsons most recent peer review report, please click the following link.