The American Institute of Certified Public Accountants (AICPA) requires that members engaged in the practice of public accounting, and provide attest services to their clients, be affiliated with a firm that is enrolled in an approved practice-monitoring program (Peer Review Program). Most State Boards of Accountancy, including Illinois, require peer review for licensure.
Horwich Coleman Levin, LLC offers Peer Review services to CPA firms throughout Illinois. A peer review is required every three years, the purpose of which is to provide an independent review of a firm’s system of quality control over its accounting and auditing practice.
We believe a successful peer review will offer your firm an independent perspective on the effectiveness and efficiency of your firm’s policies and procedures. We conduct all our reviews with a commitment to technical expertise, quality and providing practical recommendations.
A successful peer review depends greatly on a firm’s commitment to quality and compliance with professional standards. We approach the issues you face from a professional, technical and economic standpoint, with the goal of bringing value to the process. We will identify potential weaknesses in your system while offering recommendations and best practices. Our objective is to help you improve your accounting and audit practice in terms of quality and efficiency.