2005 PEER REVIEW REPORT SAYS PTLR AMONG THE BEST IN THE U.S.

Since 1988, the American Institute of Certified Public Accountants (AICPA) has mandated that all accounting firms in the U.S. performing audits, reviews, or compilations for corporations or other entities undergo a peer review every three years and conduct internal inspections annually to verify that CPA firms are adhering to strict quality control standards. Firms that conduct audits, like Perisho Tombor Ramirez Filler & Brown, are subject to the highest standard of peer review.

The AICPA peer review process is an integral part of the profession’s practice quality monitoring program. The peer review verifies the firm’s quality control policies and procedures, and reviews selected accounting and auditing engagements for adherence to professional standards for CPAs.

• 86% of accounting firms receive “unmodified” peer review reports, meaning that no significant deficiencies have been noted. However, most firms also receive a letter of comments from the peer review team indicating a need for certain corrective actions. The firm is then required to respond in writing to an oversight committee describing the corrective actions it intends to take.

• Each year less than 25% of CPA firms nationwide earn an unmodified peer review report without comments, the best evaluation possible.

• Since our founding in 1991, Perisho Tombor Ramirez Filler & Brown has undergone a total of five peer reviews. Each of our five peer reviews has been unmodified without comments. This is the highest evaluation given by the AICPA.

Looking for an accounting firm that you can trust? One that provides quality information? You need a CPA firm that is a leader in quality, integrity and service. Perisho Tombor Ramirez Filler & Brown is proud to be among an elite group of accounting firms in the United States having the distinction of earning five consecutive unmodified peer review reports without comments, which represents over ten years of quality financial reporting.