LIVINGSTON, NJ — James A. Kruper, CPA, Member, in charge of the peer-review program for the accounting firm of Levine, Jacobs & Company, LLC in Livingston, has formally announced that the firm successfully passed its peer review, without exception.
In 1988, the members of the American Institute of Certified Public Accountants (AICPA) approved a proposal that requires AICPA members in public practice to participate in a practice-monitoring program. With the adoption of this proposal, the AICPA implemented a peer-review program of unprecedented scope in the CPA profession.
According to the AICPA, peer review helps assure users of CPA services that their CPA firm not only measures up to the profession’s high standards of professionalism, but is also committed to improving the quality of its practice. Peer review also provides a mechanism for a firm to engage a peer firm to review its system of quality control related to its application of professional accounting, auditing and attestation standards.
As part of his announcement, Kruper explained that the AICPA Peer Review Program is important because it strengthens member firms’ quality control and encourages firms to improve processes and to correct any shortcomings. According to Kruper, peer review enhances the quality of the profession and contributes to the public’s confidence in the profession.
Levine, Jacobs provides a unique combination of twenty-first century accounting, business consulting and financial planning services to a diverse spectrum of clients. The firm prides itself on its teamwork capability where “every account receives the talent and expertise of the whole firm.”
Levine, Jacobs & Company, L.L.C. maintains memberships in the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants.