Audit Services

Audit Services for Government and Not-For-Profit Practice

At PETWAY MILLS & PEARSON, PA, we are committed to achieving the highest quality and most efficient audits possible with our team of auditors. We have over 20 years of experience in performing governmental and not-for-profit audits and we presently audit over 150 governmental and not-for-profit entities. We have 36 charter schools in North and South Carolina, 10 towns, 1 school board, 1 public authority and 102 not-for-profit organizations and homeowner associations. A number of our audits are performed in accordance with Government Auditing Standards and OMB Circular A- 133.

To further demonstrate our commitment to achieving the highest quality audits possible, we have joined the AICPA’s Governmental Audit Quality Center and have named Phyllis M. Pearson, CPA as our firm’s designated partner in charge of ensuring the quality of our governmental and/or not-for-profit audit services, particularly our services performed under Government Auditing Standards and OMB Circular A-133.

The Center is a voluntary membership Center for CPA firms that perform governmental audits, including all audits and attestation engagements performed under Government Auditing Standards and OMB Circular A-133 of federal, state, or local governments; not-for-profit organizations; and certain for-profit organizations that receive federal assistance. The AICPA Governmental Audit Quality Center membership provides us with access to a wealth of comprehensive resources on performing quality audits and is also designed to raise awareness about the importance of quality governmental and/or not-for-profit audits and the value of such audits to purchasers of governmental audit services.

In addition, as a member of the Governmental Audit Quality Center, we are committed to adhering to the highest quality standards by voluntarily agreeing to the Center membership requirements, which include designating a partner responsible for the quality of our governmental and/or not-for-profit audit practice, establishing quality control programs, performing annual internal inspection procedures, and making our peer review report findings publicly available.

Beyond the information provided by the Center, our team of auditors stays current in this highly technical practice area by adhering to the continuing professional education requirements of Government Auditing Standards and participating in the Governmental Audit Quality Center Annual Web cast Update and other relevant seminars.

For more information about audit quality, visit the Governmental Audit Quality Center at http://www.aicpa.org/GAQC.

For more information about our audit services, please contact Phyllis M. Pearson, CPA at 919-269-7405.