PEER REVIEW

Aquino, De Córdova, Alfaro & Co., LLP is a member of the AICPA peer review program, which focuses in evaluating the compliance of its members with practice monitoring programs.

During 2007, our quality control system was subjected to an independent peer review.  The reviewers concluded that the Firm complies with the stringent quality control standards set by the American Institute of Certified Public Accountants and issued an unqualified report.

The successful completion of the professional peer review process confirms Aquino, De Córdova, Alfaro & Co., LLP’s commitment for quality and excellence in the CPA profession.

The reviewers made an independent assessment of the firm’s quality control policies and procedures and inspected the working papers and reports on a representative sample of accounting and auditing engagements.  They also inspected the firm’s administrative files and records, and interviewed professional personnel.  The reviewers’ report has been accepted by the Division for the Public Files maintained at the AICPA.

In evaluating a firm’s quality controls, a peer reviewer considers, among other things, what the firm has done to ensure that it hires only qualified people, that it properly supervises, provides them with professional training and with necessary technical resources, and advances them to responsibilities they are capable of handling.