Our firm is pleased to announce that, for the sixth consecutive time, it has successfully completed a rigorous peer review of its accounting and audit practice. WW&D received the best possible rating – pass with no letter of comment – as the firm has earned for all of its peer reviews. During the peer review, it was determined that WW&D complies with the stringent quality control standards set by the American Institute of Certified Public Accountants (AICPA) and the Public Company Accounting Oversight Board (PCAOB).
“Given our firm’s niche in auditing investment companies and broker-dealers under PCAOB standards, our peer review was required to be administered by the AICPA’s National Peer Review Committee as opposed to the Pennsylvania Institute of Certified Public Accountants,” says David M. Wolfenden, managing director of Wheeler Wolfenden and Dwares, CPAs.
WW&D has been registered with the PCAOB since 2005. According to the PCAOB, WW&D is the only large Delaware firm to audit investment companies and broker-dealers.
“In my personal experience as both a peer reviewer of CPA firms and as managing director of a firm being peer reviewed, I can say that this was the most stringent peer review I’ve ever been through. I’m proud that we passed with no letter of comment,” says Wolfenden.