Varney & Associates is pleased to announce that our recent peer review has been accepted by the Kansas Society of CPAs Peer Review Committee.
At the core of the CPA profession is integrity and the protection of the public. To achieve adherence to the highest possible professional standards, the American Institute of CPAs (AICPA) established the Peer Review Program for AICPA members in public practice who provide attestation services. Peer Review is also a statutory requirement for Kansas firms.
Public accounting firms engage a peer firm to review and report on its system of quality control in the application of professional standards. Most firms are required to have a peer review covering a one-year period, once every three years. This program is designed to be educational and allows firms to communicate with their fellow peers on the objectives of the accounting profession.
Firms can receive a rating of pass, pass with deficiency(ies) or fail. Varney & Associates, CPA's, LLC has received a peer review rating of pass.
Information obtained from the KSCPA