Ventura CPA Firm Passes Independent Audit

The CPA firm M. Frank Eulau Accountancy Corp. in Ventura has successfully completed an independent peer review of its accounting and auditing practices.

The review concluded that the firm complies with the quality-control standards set by the American Institute of Certified Public Accountants. The review was administered by the California Society of Certified Public Accountants, in coordination with the national group.

Besides looking at the firm's records, the evaluation included an assessment of what the company does to ensure that it hires only qualified people, that it properly supervises them and provides professional training, that it advances them to responsibilities they are capable of handling, and that it provides them with necessary technical resources.

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