LaPorte is committed to meeting and maintaining our industry’s professional standards for quality. We are a member of the following quality assurance centers and organizations.
American Institute of Certified Public Accountants – AICPA
Center for Audit Quality – CAQ
Founded in 2007 and affiliated with AICPA, the CAQ is dedicated to enhancing investor confidence and public trust in the global capital markets by fostering high quality performance by public company auditors; convening and collaborating with other stakeholders to advance the discussion of critical issues requiring action and intervention; and advocating policies and standards that promote public company auditors’ objectivity, effectiveness, and responsiveness to dynamic market conditions.
Firm Practice Management – Private Company Practice Section – PCPS
Established by the AICPA, voluntary membership in this organizations as well as in the CAQ demonstrates our special commitment to high professional standards. PCPS provides a rich array of valuable information and resources to member accounting firms to keep us apprised of technical issues that affect the profession. The PCPS also provides members with tools to deal with new standards and acts as the voice of the local and regional firm by representing small firm interests with groups such as Technical Issues Committee, which meets with the FASB and GASB annually.
AICPA Peer Review
LaPorte complies with the AICPA’s quality control requirement for a peer review of our accounting and auditing practice every three years. Peer reviews consist of extensive examinations of quality control systems and procedures. Our last peer review was completed in 2013, and we received an unqualified opinion on the review.
CURRENT PEER REVIEW REPORT
Public Company Accounting Oversight Board – PCAOB
A registered accounting firm with the PCAOB, LaPorte was one of 124 public accounting firms to clear its first Sarbanes-Oxley review of audit performance for public company clients with “no deficiencies.” The firm completed its second PCAOB review in November 2010, again with “no deficiencies” cited.
Governmental Audit Quality Center – GAQC
Joining the center demonstrates our commitment to quality in the performance of governmental audits. Our firm can access resources designed to enhance audit quality and assist us in applying audit best practices. Other benefits of membership include: periodic updates on current issues through news alerts and Webcasts, an online forum for member interaction and information-sharing, and a single voice representing our clients’ interests in performing quality governmental audits.
Employee Benefit Plan Audit Quality Center
Established by the AICPA, this firm-based voluntary membership center exists to promote the quality of employee benefit plan audits through timely communication of regulatory developments, best practices guidance, and technical updates. As a member, LaPorte employee benefit plan managers must complete a minimum of eight hours of employee benefit plan-specific continuing professional education (CPE) within each three-year period.
In addition to the above memberships, LaPorte also is a member of or holds leadership positions in the following professional organizations:
- Government Finance Officers Association of Louisiana
- Houston Certified Public Accountants Society
- Louisiana Association of Nonprofit Organizations (LANO)
- Society of Louisiana Certified Public Accountants (LCPA)
- Texas Society of Certified Public Accountants