quality control

KPW has successfully completed a rigorous quality review of its accounting and auditing practice. The reviewer concluded the firm complies with the stringent quality control standards set by the American Institute of Certified Public Accountants (AICPA), the national professional organizations of CPAs.

KPW is enrolled in the AICPA Quality Review Program, one of three AICPA-approved practice-monitoring programs. A firm enrolled in any of these programs must have an independent review of its accounting and auditing practice every three years. The review was conducted under the auspices of the Illinois Society of CPAs following standards issued by the AICPA.

Quality reviews are performed by licensed CPAs who are selected from among the members of the AICPA. These reviews determine whether a public accounting firm has suitable quality control policies and procedures and is complying with them. Among these policies and procedures is evidence that the firm's auditors meet the requirements for continuing professional education and evidence that the firm meets all licensing requirements for the State of Illinois.

The successful review indicates KPW has demonstrated it measures up to the accounting profession's high standards of quality and professionalism. We have included a copy of the report on the results of the review.

The AICPA is the national professional organization of CPAs with more than 330,000 members in public practice, industry, government and education. AICPA members are committed to the highest standards of quality, independence and ethics in their practice. In its continuing efforts to serve the public interest, the organization sets audit standards, upholds the profession's code of conduct, provides continuing professional education, administers peer review and quality review programs, and prepares and grades the Uniform CPA Examination.