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Macchietto Roth passes peer review

Review says local firm conforms to all professional standards

Published: Wednesday, Feb. 13, 2013 6:58 a.m. CST

Macchietto Roth & Company, P.C. has successfully completed a rigorous peer review of its accounting and auditing practice.

The reviewers concluded that the firm’s system of quality control for the accounting and auditing practice in effect for the year ended May 31, 2012, has been suitably designed and complied with to provide reasonable assurance of performing and reporting in conformity with applicable professional standards in all material aspects.

Macchietto Roth & Company, P.C. participates in the Peer Review Program, a practice monitoring program approved by the American Institute of Certified Public Accountants (AICPA), the national professional organization of CPA’s. A firm participating in the Peer Review Program must have an independent review of its accounting and auditing practice every three years. The review was conducted under the auspices of the Illinois CPA Society following standards issued by the AICPA.

The peer review of Macchietto Roth & Company, P.C. was performed by Cameron Smith & Company, who qualified under the program’s requirements for service as a reviewer. Its peer review rating of “pass” indicates Macchietto Roth & Company, P.C. meets the accounting profession’s high standards of quality and professionalism. If requested, the firm will provide a copy of the report on the results of the review to all interested parties, although not required to do so.

Macchictto Roth & Company, P.C. serves businesses, individuals, governmental and nonprofit organizations throughout the Grundy, Kendall, Will and LaSalle counties. The firm provides a full range of audit, accounting, tax, and consulting services and specializes in governmental auditing and small business and individual taxation.

The American Institute of Certified Public Accountants (www.aicpa.org) is the national, professional association of CPA’s, with more than 360,000 members in business and industry, public practice, government, education, student affiliates and international associates. It sets ethical standards for the profession and U.S. auditing standards for audits of private companies, non-profit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination.

The AICPA maintains offices in New York, Washington, D.C., Durham, N.C., Ewing, N.J., and Lewisville, Texas.

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