control in any CPA firm requires a continuing commitment to professional
excellence. Cohen, Smith & Company, P.A. has been dedicated
to that commitment since inception in 1986.
In an effort to maintain the standard of working
excellence required by our firm, in 1991, we joined the Private
Companies Practice Section (PCPSS) of the American Institute of
Certified Public Accountants. To be a participating member
firm of the PCPS, the firm must obtain a regular independent compliance
peer review of its quality control policies and procedures to insure
the firm's compliance with existing accounting and auditing standards.
The scope of the peer review is comprehensive and
specifically reviews the following quality control policies and
procedures of the participating firm.
- Professional economic and administrative independence
- Assignment of professional personnel to engagements
- Consultation on technical matters
- Supervision of engagement personnel
- Hiring and employment
- Professional development
- Acceptance of continuance of clients
- Inspection and quality review system
our commitment to the peer review program is rewarding not only
to our firm, but primarily to our clients. The outside independent
peer review of the elements of our quality control policies and
procedures performed by an independent certified public accountant
approved by the AICPA provides both us and our clients with assurance
that we continue to conform with the standards of the profession
in our conduct of our accounting and auditing practice.
As part of our quality control program, each staff
member is acutely aware of the strict confidentiality requirements
of the firm. As such, each member of the firm is committed to insure
complete privacy of our clients' financial and tax information.
In August 2009, we completed our sixth successive tri-annual voluntary peer review. As a result of the review, we
also obtained our fifth consecutive unqualified opinion on our quality
control program and engagement procedures.
Cohen, Smith & Company, P.A. is proud of the
results of its past peer reviews. A copy of our most recent unqualified
peer review report is provided by link below for your inspection.
We believe this report demonstrates our continuing commitment to
AICPA Private Company Practice Section (PCPS) Certificate of Recognition (.pdf)
AICPA Peer Review Certificate (.pdf)
FICPA Peer Review (.pdf)