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Swain, Kennerson & Oswalt completes peer review

October 13, 2001|STAFF REPORT

Swain, Kennerson & Oswalt of El Centro announced it has completed a rigorous peer review of its accounting and auditing practice.

The reviewer concluded the firm complies with the quality control standards set by the American Institute of Certified Public Accountants, the national professional organizations of CPAs.

Swain, Kennerson & Oswalt participates in the AICPA peer review program, one of the AICPA-approved practice-monitoring programs. A firm participating in any of the programs must have an independent review of its accounting and auditing practice every three years. The review was conducted under the auspices of the California Society of Certified Public Accountants following standards issued by the AICPA.

The peer review of Swain, Kennerson & Oswalt was performed by a licensed, independent CPA who qualified under the program's requirements for service as a reviewer. The objective of the peer review is to determine whether a CPA firm has suitable quality-control policies and procedures and is complying with those standards.

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Its report indicated Swain, Kennerson & Oswalt measures up to the accounting profession's 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 it is not required to do so.

Swain, Kennerson & Oswalt serves businesses, individuals and non-profit organizations throughout the Imperial Valley area. The firm provides a full range of auditing, accounting, tax and consulting services.

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