News
May 11, 2015Marvin and Company, P.C. Received Highest Peer Review Rating
ALBANY, NY (May 11, 2015) — Marvin and Company, P.C., a Capital Region-based firm offering services in accounting, auditing, taxation and management consulting, is pleased to announce that it has successfully completed a rigorous peer review of its accounting and auditing practice and received a rating of pass with no deficiencies or comments by the peer review team, the highest possible rating, from the CPA firm of Flahery Salmin CPAs LLP, which was accepted by the AICPA Peer Review program administered by the National Peer Review Committee.
Marvin and Company, P.C. is a proud member of the American Institute of Certified Public Accountants (AICPA) and their Government and Employee Benefit audit quality centers. As a participant in the Peer Review Program, a practice monitoring program developed by the AICPA, the national professional organization of CPAs, the firm must have an independent review of its accounting and auditing practice every three years. The review was conducted following standards issued by the AICPA and meets the New York State Education Department’s requirements for Quality Review. The reviewers concluded that the firm’s system of quality control for the accounting and auditing practice in effect for the year ended July 31, 2014, has been suitably designed and complied with to provide reasonable assurance of performing and reporting in conformity with applicable professional standards in all material respects.
Marvin and Company, P.C. is also a member of the Public Company Accounting Oversight Board (PCAOB), a nonprofit corporation established by Congress to oversee the audits of public companies. As such, certain additional requirements were met in the peer review performed.
The peer review of Marvin and Company, P.C. was performed by another independent CPA firm who qualified under the program’s requirements for service as a peer reviewer. Its peer review rating of pass with no deficiencies or comments indicates Marvin and Company, P.C. meets the accounting profession’s highest standards of quality and professionalism.
The American Institute of Certified Public Accountants, founded in 1887, is the world’s largest association representing the accounting profession, with nearly 394,000 members in 128 countries. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting; membership is also available to accounting students and CPA candidates. The AICPA sets ethical standards for the profession and U.S. auditing standards for audits of private companies and non-profit. It develops and grades the Uniform CPA Examination.
About Marvin and Company P.C.
Now in its 10th decade, Marvin and Company P.C. is a Capital Region-based firm offering services in accounting, auditing, taxation and management consulting to individuals, partnerships, corporations, governmental units and non-profit organizations. For more information, visit www.marvincpa.com, or call 518-785-0134.
