Quality control procedures and peer reviews are an important part of an accounting firm's duty to the public. Link, Murrel & Company has adopted strict quality control policies and procedures to ensure all engagements are completed with the utmost care.
There are five elements of quality control that Link, Murrel & Company strongly emphasizes in the firm's quality control manual.
- Independence, integrity and objectivity.
- Personnel management in hiring, assigning of personnel, professional development and advancement.
- Acceptability of clients and engagements.
- Evaluation of engagement performance.
- Monitoring of firm quality control policies and procedures.
Link, Murrel & Company was a member of the Private Companies Practice Section of the American Institute of Certified Public Accountants (AICPA), which required an AICPA quality control compliance review every three years. Our peer review for the years ended December 31, 1989, 1993,1996, 1999, 2002, and 2005 reflect unqualified opinions with no letter of comments. An unqualified opinion assures that Link, Murrel & Company complies with the stringent quality control standards mandated by the AICPA with respect to its audit and accounting practice. Currently, Link, Murrel & Company is a member of the Center for Public Company Audit Firms Peer Review Program (CPCAF PRP), which requires an AICPA quality control compliance review every three years. Firms that are required to be registered with and inspected by the Public Company Accounting Oversight Board (PCAOB) must have a CPCAF peer review.
Link, Murrel & Company is also a member of professional organizations that establish additional requirements for quality control and review. The Center for Public Company Audit Firms and the Employee Benefit Plan Audit Quality Center ensure that Link, Murrel & Company adheres to the highest standards in performing quality employee benefit plan audits. The Public Company Accounting Oversight Board oversees the auditors of public companies in order to protect the interests of investors and further the public interest in the preparation of informative, fair and independent audit reports. These professional organizations further enhance our clients' confidence in the quality of services that they will receive from Link, Murrel & Company.