Peer Review

Dear Potential Audit Client,

I am pleased to announce the successful completion of an independent peer review of the firm’s accounting and auditing practice.

The Iowa Accountancy Examining Board, the state regulating agency for certified public accountants in the state of Iowa, requires that as a condition of renewal for a CPA firm license, a firm that issues engagements subject to peer review must complete a peer review once every three years. Our participation in peer review demonstrates our firm’s desire to meet the profession’s high standards of professionalism and our commitment to maintaining and improving the quality of our practice.

Our peer review was conducted by a reviewer who qualified under the program’s requirements as a reviewer James N Kennedy, CPA, of Kennedy & Kennedy CPAs - a firm based in Victorville of California. The reviewers first determined that we have an adequate quality control system, and then verified that professional standards were followed in a representative sample of our accounting and auditing engagements.

After thorough study of our policies and procedures, the reviewer(s) concluded our firm’s system of quality control for the accounting and auditing practices in effect for the year ended 2010 has been suitably designed and complied with to provide reasonable assurance of performing and reporting with applicable professional standards in all material respects. Our firm is committed to periodic peer reviews to foster quality performance. If requested, the firm will provide a copy of the report on the results of the review to all interested parties although it is not required to do so.

Bankers, bonding agents, investors, suppliers, legal advisors and others use the financial statements our firm audits, reviews, or compiles. We think those people, our clients, and our own staff deserve independent quality assurance that our firm provides quality serves. We are proud of our peer review results and would be happy to answer any questions you might have.

Sincerely,

Ying Sa, CPA and CEO
Community CPA & Associates Inc

To view our most recent peer review report, please click the puzzle piece: