Roanoke, VA, October 26, 2016 Complete Small Business Solutions (Robert Barnes Consulting, Inc.) announced today that it has successfully completed a rigorous peer review of its accounting practice. The peer reviewer concluded that Complete Small Business Solutions complies with the stringent quality control standards set by the American Institute of Certified Public Accountants (AICPA) and state licensing standards.
The peer review was performed by another independent CPA firm, Hurst and Hurst CPAs, LLC, who qualified under the program’s requirements to serve as a peer reviewer. The objective of the peer review is to determine whether a CPA firm has suitable quality control policies and procedures and is complying with them.
Peer review provides a mechanism for a firm to engage a peer firm to review its system of quality control related to its application of professional accounting standards. The peer review process is important because it strengthens member firms’ quality control and encourages firms to improve processes and correct any shortcomings. Peer review enhances the quality of the profession and contributes to the public’s confidence in the profession.
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