Anglin • Reichmann • Snellgrove and Armstrong, PC, Receives Highest Level of Opinion on Peer Review
Anglin • Reichmann • Snellgrove and Armstrong, PC, has received notification that the results of the firm’s most recent peer review have been approved by the American Institute of Certified Public Accountants. The firm received an unmodified opinion without comments or modification, which is the highest possible achievement in a peer review.
“We are extremely pleased with the result of our peer review and recognize that this achievement is due to the firm’s commitment to our mission and core values,” said Gary Anglin.
The peer review program is required every three years by the Alabama State Board of Public Accountancy in order to maintain and improve the quality of accounting practices in the state. Peer review involves a rigorous examination of a member firm’s system of quality control with respect to its accounting and auditing practice and is performed by an independent CPA firm. The peer review process also encompasses reviewing reports, financial statements, and relevant working papers for a representative sample of accounting and auditing engagements; testing adherence to standards set forth by the American Institute of Certified Public Accountants and adopted by the Alabama Society of Certified Public Accountants; and issuing a written opinion and a letter of comments reporting on findings where there was more than a remote possibility that the firm would not conform with professional standards. This comprehensive review and resulting unmodified opinion provide reasonable assurance that the accounting and auditing work done by Anglin • Reichmann • Snellgrove and Armstrong is work that can be relied upon when making business, personal or financial decisions.
The results of every member firm’s most recent peer review are available to the public. Each public file contains the member firm’s three most recent annual reports and the firm’s most recent peer review report; an accompanying letter of comments, if applicable; the firm’s response to such a letter; and a description of any follow-up actions deemed necessary by the administering agency.