Porte Brown LLC, an Elk Grove Village-based accounting firm, announced that they have received the highest rating possible following a rigorous, independent peer review of their Financial Statement Audit and Review practices.
The reviewers concluded that the accounting firm's system of quality control for the accounting and auditing practice in effect for the year ended 2010 has been suitably designed and complied with to provide reasonable assurance of performing and reporting in conformity with applicable professional standards in all material respects.
Porte Brown participates in the Peer Review Program, a practice-monitoring program approved by the American Institute of Certified Public Accountants (AICPA), the national professional organization of CPAs. A firm participating in the Peer Review Program must have an independent review of its accounting and auditing practice every three years.
"Quality control is at the heart of the Peer Review process," says Russell Wilson, Porte Brown Auditing Partner. "It's an acknowledgement of the people who make up this organization and an endorsement of their professionalism. It confirms they understand both the practices for delivering quality services and the methods to apply them rigorously."
"This independent peer review is yet another assurance we can provide Porte Brown clients," says Bruce Jones, Porte Brown Managing Partner. "It's essential that our clients remain confident and comfortable knowing their accounting, audit, and financial statement review engagements are performed diligently and accurately. It also lets prospective clients know our people and our methods meet the most stringent professional requirements in the industry."
