Banks, Finley, White & Co. Receives Highest Possible Grade On PCAOB Inspection

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On July 28, 2016, BANKS, FINLEY, WHITE & CO., CPAs, received a Report of Inspection from the Public Company Accounting Oversight Board, (PCAOB) to convey the results of their recent inspection of the firm, announced James C. White, Jr., BANKS, FINLEY, WHITE & CO.’S Managing Partner.

“We are extremely pleased that the PCAOB, and its inspection team, did not identify any performance issues connected with the audits we conducted on issuers, nor any quality control defects in our quality control system,” White said. “To receive this type of report, without any comments, is a milestone achievement for a public accounting firm. It is a testimony to the commitment and dedication of our partners and staff to fulfilling the expectations of the public of our firm to produce quality audits,” he said.

The PCAOB was established as the result of the Sarbanes-Oxley Act of 2002. The Act authorized the PCAOB to establish auditing and related attestation, quality control, ethics, and independence standards to be used by registered public accounting firms in the preparation and issuance of audit reports for entities subject to the Act or the rules of the Securities and Exchange Commission (SEC).

BANKS, FINLEY, WHITE & CO., was founded in 1973 and is a regional firm with offices in Birmingham, Alabama (home office); Atlanta, Georgia; Jackson, Mississippi; and Memphis, Tennessee. It is one of the largest minority-owned CPA firms in the country and among the top 25% of all CPA firms in America. White said, “We, here at BANKS, FINLEY, WHITE & CO., are extremely proud of our record of performing quality services to our clients and the public. We have received the highest possible grade on all reviews of our practice operations, which include peer reviews and this PCAOB, Reports of Inspection.”