November 5, 2015
BANKS, FINLEY, WHITE & CO., CPAs announced today that it has successfully completed an independent review of its accounting and auditing practice. The reviewers concluded that the firm complies with the stringent quality control standards set by the American Institute of Certified Public Accountants (AICPA), the national organization of CPAs, and awarded it the highest possible grade, an unmodified opinion. Peer reviews are required every three years for membership in the Center for Audit Quality (CAQ) of the AICPA. BANKS, FINLEY, WHITE & CO., is a Registered Accounting Firm with the Public Company Accounting Oversight Board (PCAOB), as well as a member of the Governmental Audit Quality Center (GAQC), the Employee Benefit Plan Audit Quality Center (EBPAQC) and the Private Companies Practice Section (PCPS), according to James C. White, Sr., BANKS, FINLEY, WHITE & CO.’S Managing Partner.
BANKS, FINLEY, WHITE & CO., who will celebrate 43 years of practice on May 26, is a regional CPA firm with offices in Birmingham, Alabama (home office); Atlanta, Georgia; Jackson, Mississippi; and Memphis, Tennessee. It was founded in 1973 and has more than 60 employees on its staff.
The peer review was conducted by Fowler, Holley, Rambo & Stalvey, P.C. 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. The reviewer’s report was accepted by the National Peer Review Committee and placed in the public files maintained at the AICPA.
White said, “Each of our peer reviews has resulted in the highest possible grade. This is further testimony to our continuing commitment to quality work and our forward-looking efforts in maintaining a sound quality control system.”