J.M. Abbott & Associates, Ltd. has
successful review by peers
Send a link to a friend
[April 04, 2017]
LINCOLN
- J.M. Abbott & Associates, Ltd. of Lincoln, Illinois announced
Monday that it 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 June 30, 2016, has been suitably designed and complied with to
provide reasonable assurance of performing and reporting in
conformity with the applicable professional standards in all
material respects.
J.M. Abbott & Associates, Ltd. 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 CPAs. 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 Society of CPAs following standards
issued by the AICPA.
![](http://archives.lincolndailynews.com/2017/Apr/04/images/ads/current/Monsanto_sda_SFARM_2017.png) The peer review of J.M. Abbott & Associates was performed by an
independent CPA firm who qualified under the program’s requirements
for service as a reviewer.
Its’ peer review rating of pass indicates J.M. Abbott & Associates,
Ltd. 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.
[to top of second column] |
![](http://archives.lincolndailynews.com/2015/May/02/images/ads/current/guzzardo_lda022609.png)
J.M. Abbott & Associates, Ltd. serves businesses, individuals, and nonprofit
organizations throughout the central Illinois area. The firm provides a full
range of audit, accounting, tax, financial planning, estate planning, business
and management consulting and wealth management services.
The AICPA is the national professional organization of CPAs 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.
[Patty Guzouskis
J. M. Abbott & Associates, Ltd.]
![](http://archives.lincolndailynews.com/2017/Apr/04/images/ads/current/farmers_bank_sda_prom_050614.png)
![](http://archives.lincolndailynews.com/2017/Apr/04/images/ads/current/ldn_business_directory_small_2016.png) |