Peer Review and PCAOB Inspections

BKM Sowan Horan is registered with the Public Company Accounting Oversight Board (“PCAOB”) and the AICPA National Peer Review Committee. We take quality control very seriously. The partners oversee the firm’s annual internal inspections and the tri-annual external inspections of the assurance practice. The results of all inspections are shared with the Firm. Our most recent peer review was completed in 2017 and we received the highest possible rating (“pass”) with no comments. In addition, we completed and finalized our PCAOB inspection in 2017. This report is available at pcaob.org and did not identify any weaknesses or deficiencies in our SEC issuer audit engagements. Our next series of inspections will be in the Fall of 2020.

Our independence policies and processes comply with the independence rules of the AICPA, PCAOB, and SEC.

The PCAOB’s inspection process substantiates our Firm’s ongoing efforts to maintain superior quality in our audit and assurance process. We continually monitor audit procedures and practices with the goal of taking every opportunity to continuously identify areas for improvement.