Teal, Becker & Chiaramonte, CPAs, P.C. (TBC) announced today that it has successfully completed a peer review of its accounting and auditing practice, one of the American Institute of Certified Public Accountants (AICPA) approved practice monitoring programs. The reviewer’s opinion was the highest possible achievement in a peer review.
“Since there is no better way to have our clients be assured that our Firm “measures” up to the profession’s high standards of quality and professionalism, we are tremendously happy to announce that TBC received the highest possible rating,” said James W. Drislane, Managing Partner of TBC.
During the peer review process, reviewers evaluate the Firm’s compliance regarding several functional areas including technical standards of accounting and auditing practices, hiring policies, staff engagement and professional development. The mandatory review process has occurred every three years since its implementation by the AICPA in 1988. TBC first began the program in 1990, making 2014 its ninth straight successful review.
“This year has been one of many accomplishments,” Drislane continued. “On behalf of our partners, I congratulate the entire Firm for this achievement.”
Serving clients in the areas of accounting, auditing, tax, and advisory services, the Firm offers specialty services such as trusts and estates administration, business advisory, valuation, litigation support services, fraud investigation, forensic accounting, and pension services for a diverse clientele in six primary markets: commercial businesses, governmental, employee benefit plans, labor organizations, not-for-profit organizations, and individuals. Commercial clientele includes construction contractors, distributors, manufacturers, professional service firms, automotive dealers, real estate developers, retailers, technology companies, and wholesalers among other businesses.