Pittsburgh, PA November 20, 2019 – Goff Backa Alfera & Company, LLC is pleased to announce the acquisition of the audit and attestation practice of Seachrist & Associates, A.C. effective January 1, 2020. The firm will maintain offices in Pittsburgh and Wheeling, West Virginia, and the former Seachrist & Associates audit team will continue to operate from Wheeling and service their clients in the same manner as always. Seachrist & Associates will continue preparing income tax returns for individuals, corporations, partnerships, limited liability companies, estates, and non-profit organizations. They will also continue to provide clients a wide range of other services including bookkeeping, consulting and payroll.
At this time of year, Peer Review, is the last thing you want to hear. Unfortunately, if your firm's peer review is due this year, it is now beyond the time to start preparing.
In 2016, the Peer Review Board approved significant changes to the Peer Review Standards, Interpretations, and other related guidance . These changes became effective on January 1, 2017. Pe er reviews commencing on or after January 1, 2017 take note.
The following summarizes these changes to help you prepare for your review.
January 2017: The AICPA will no longer update or maintain the Quality Control Policies and Procedures Documentation Questionnaires (PRP 4300 and 4400 checklists)
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This change requires every firm to have a written quality control document.
Firms can no longer use PRP 4300 and 4400 checklists for documenting quality control policies and procedures
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Topics: CPA Firms, AICPA, Peer Reviews, Accounting