Audits and Financial Reviews from Department of Development Services

 

                     New Audit and Financial Review Requirments

PEER REVIEW:

Peer review is required for all California-licensed firms, including sole proprietorships, which perform accounting and auditing services using any of the following professional standards:

• Statements on Auditing Standards (SASs)
• Statements on Standards for Accounting and Review Services (SSARS)
• Statements on Standards on Attestation Engagements (SSAEs)
• Government Auditing Standards (Yellow Book)
• Audits of non-SEC issuers performed pursuant to the standards of the Public Company Accounting Oversight Board.

Peer review is a systematic review of a firm’s accounting and auditing services performed by a peer reviewer who is unaffiliated with the firm being reviewed to ensure work performed conforms to professional standards

OUR FIRM:

Rojas and Associates, CPAs is a regional CPA firm with offices in Sacramento, San Jose and San Clemente, California.   We currently have 2 peer reviewers i.e.: we perform the monitoring peer reviews of other CPA firms.  Our firm went through peer review in January, 2011 and passed with outstanding verbal comments.