Henry & Horne is pleased to announce that we have successfully completed a thorough peer review of our accounting and auditing practice. This review confirms that we comply with the stringent quality control standards set by the American Institute of Certified Public Accountants (AICPA) and the Arizona State Board of Accountancy.
Henry & Horne participates in the AICPA Peer Review Program, one of the AICPA-approved practice-monitoring programs. A firm participating in any of these programs must have an independent review of its accounting and auditing practice every three years. Since the inception of the peer review program in the 1970s, our Firm has participated in this professional program of self-policing.
On January 1, 2009 new standards for performing and reporting on peer reviews were effective to promote quality in CPA firms’ accounting and auditing practices. Under these standards we were awarded a PASS grade, the highest grade that can be achieved, for the three year period ended May 31, 2010.
Peer reviews are performed by licensed CPAs who are selected from among the members of the AICPA. These reviews determine whether a public accounting firm has suitable quality control policies and procedures and is complying with them.
Participation in the AICPA Peer Review Program enables us to enhance our firm’s quality control policies and procedures, see how we measure up to other firms and learn from other firms’ best practices.
We are proud that our audit and accounting practice at Henry & Horne has achieved this PASS rating.
Kathy E. Hostetler, CPA
Firm-wide Director of Audit and Accounting