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NJ CPA Firm Magone & Company Successfully Completes AICPA Peer Review

NJ CPA firm Magone & Company has successfully completed its 2011 AICPA peer review. The peer review program measures quality standards in the accounting and auditing services provided by AICPA members.

PRLog - Dec. 20, 2012 - FLORHAM PARK, N.J. -- A rigorous independent review of the firm’s accounting and auditing practices for 2011 has shown that NJ CPA firm Magone & Company is in full compliance with the stringent quality control standards set by the American Institute of Certified Public Accountants (AICPA), the national professional organization of CPAs.

Firms (and individuals) enrolled in the AICPA Peer Review Program are required to have a peer review, once every three years, of their accounting and auditing practice related to non-Security and Exchange Commission (SEC) issuers covering a one-year period.

The peer review is conducted by an AICPA-approved independent reviewer, who looks at a sample of the firm’s work with an emphasis on higher-risk engagements during the period covered. The scope of a peer review covers accounting and auditing engagements as well as administrative elements of the firm’s practice to gauge conformity with AICPA quality control standards.

Magone & Company Managing Partner Nick Magone has completed six successful  peer reviews over the course of his career, each time attaining the highest possible report for quality of work. Says Magone, “Having an independent AICPA-approved firm examine the overall quality of our work helps assure that Magone & Company is performing in accordance with AICPA professional standards, and serving our clients with the highest levels of accuracy and compliance.”

About Magone & Company

Headquartered in Florham Park, the NJ CPAs at Magone & Company, P.C. bring a unique 360° perspective to the practice of accounting and business consulting. The firm supports leading entrepreneurial companies, technology start-ups, non-profit organizations, professional services firms and the real estate industry with a complete range of accounting, audit & attestation, tax, wealth management, and consulting services across the lifecycle of the business. For more information, visit http://www.magonecpas.com/ or call (973) 301-2300.

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Source:Magone & Company
Location:Florham Park - New Jersey - United States
Industry:Accounting, Business
Tags:nj cpa firm, nj accountants, NJ nonprofit accounting
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