Mar. 13—WILLMAR — Conway, Deuth and Schmiesing PLLP announced that it has successfully completed a peer review of its accounting and auditing practice, according to a news release from the company.
CDS participates in the Peer Review Program, a practice monitoring program approved by the American Institute of Certified Public Accountants, the national professional organization of CPAs.
The review was conducted under the auspices of the Minnesota Society of Certified Public Accountants following standards issued by the AICPA.
The peer review was performed by a team of independent CPAs who qualified under the program's requirements for service as a reviewer.
The reviewers concluded that the firm's system of quality control for the accounting and auditing practice in effect for the year ended June 30, 2020, has been suitably designed and complied with to provide reasonable assurance of performing and reporting in conformity with applicable professional standards in all material respects.
A firm participating in the Peer Review Program must have an independent review of its accounting and auditing practice every three years.
Its peer review rating of pass indicates CDS 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.