Johnstown accounting firm achieves industry standards

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January 12, 2013

Johnstown accounting firm achieves industry standards

Anonymous The Tribune-Democrat The Tribune-Democrat Sat Jan 12, 2013, 10:33 PM EST

JOHNSTOWN — Wessel & Co. has successfully met the quality control standards for an accounting and auditing practice established by the AICPA. A peer review examination provides reasonable assurance that the firm is conforming to professional standards.

The peer review was conducted under professional standards by the American Institute of CPAs. The institute mandates that participating certified public accounting firms undergo a quality review of their practice every three years.

The independent CPA team that performed the review concluded that Wessel & Co. complies with the stringent quality control standards set by the institute.

Reviewers evaluated the firm’s compliance in functional areas including technical standards of accounting and auditing practices, hiring policies, staff engagements and professional development, which includes an assessment of quality control policies, staff engagements and professional development.

Administrative files and records were inspected, and various personnel were interviewed.

A peer reviewer considered what the firm has done to ensure it hires only qualified people, properly supervises them, provides them with professional training and technical resources, and advances them to responsibilities they are capable of handling.

Wessel & Co. is a certified public accounting firm in Johnstown.

The firm is located at 215 Main St. and may be reached at 536-7864 or through its website, www.wesselcpa.com.

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