An Open Letter To Our
Clients and Clients-to-be
April 28, 2008
Wolf, Tesar & Company, P.C.
133 N. Parkway Dr.
Pekin, IL. 61554
Dear Client:
The partners and staff of Wolf, Tesar & Company, P.C. are pleased to announce the successful completion of an independent peer review of our accounting and audit practice. This review was undertaken as a condition of membership in the American Institute of Certified Public Accountants (AICPA), the national organization of CPAs in public practice, industry, government and education.
In 1988, the members of the American Institute of Certified Public Accountants (AICPA) overwhelmingly approved a proposal that requires AICPA members in public practice to participate in a practice-monitoring program. With the adoption of this proposal, the AICPA implemented a peer review program of unprecedented scope in the CPA profession or any other. Peer review helps assure users of CPA services that their CPA firm measures up to the profession's high standards of professionalism and is committed to improving the quality of our practice.
Our peer review was conducted by Keith Oltrogge of Keith Oltrogge, CPA, P.C. based in Denver, Iowa. The reviewer first determined that we have an adequate quality control system, and then checked to see that professional standards were followed in a representative sample of our accounting and auditing engagements.
After thorough study of our policies and procedures, the reviewer(s) concluded our firm complies with the stringent quality standards established by AICPA. Our firm is committed to periodic peer reviews to foster quality performance. 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.
Bankers, bonding agents, investors, suppliers, legal advisors, and others use the financial statements our firm audits, reviews, or compiles. We think those people, our clients, and our own staff deserve independent quality assurance that our firm provides quality services. We are proud of our peer review results and would be happy to answer any questions you might have.
Sincerely,
Thomas G. Tesar, CPA
Wolf, Tesar & Company, P.C.