It is the firm’s policy that all professional personnel comply with the continuing professional education requirements of the AICPA, the State of New York Board of Accountancy, the AICPA Governmental Audit Quality Center, the U.S. Government Accountability Office, and other regulatory agencies, if applicable; that all professional staff maintain an adequate awareness and understanding of current developments in professional standards; that all non-licensed professional staff work toward passing the CPA exam; and that all professional staff assist in the training and development of staff members under their supervision.
Peer review is an important regulatory tool in the world of Certified Public Accountants and is conducted by the Peer Review Board of the American Institute of Certified Public Accountants. We are proud to have received the highest rating possible. It is the firm’s policy to promote a culture of quality that is pervasive throughout the firm’s operations through the development of its system of quality control. In maintaining a culture of quality, the firm emphasizes the importance of ethics and integrity in every decision that our personnel make, particularly at the engagement level.
Relevant Ethical Requirements
It is the firm’s policy that all professional personnel be familiar with and follow relevant ethical requirements of the AICPA, contained in the Code of Professional Conduct; the State of New York Board of Accountancy; and the State of New York CPA Society in performing their professional responsibilities. Furthermore, it is the policy of our firm that, for engagements subject to Government Auditing Standards and other applicable regulatory agencies, all professional personnel be familiar with and adhere to the relevant ethical requirements included in those standards and that personnel will always act in the public interest. The firm takes appropriate action to eliminate threats to independence or mitigate them to an acceptable level by applying safeguards. If effective safeguards cannot be applied, the firm will withdraw from the engagement or take other corrective actions as appropriate to eliminate the breach.
Acceptance and Continuance of Client Relationships and Specific Engagements
It is the firm’s policy that, for all compilation, review, audit, and attestation engagements, the acceptability of the client and the engagement be evaluated before the firm agrees to provide professional services. The firm will accept and continue only client relationships and specific engagements where it has considered the integrity of the client, and believes the engagement can be completed with professional competence after considering the risks associated with providing professional services in the particular circumstances. Additionally, the firm ensures it can comply with applicable legal and ethical requirements.