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Top review scores for two CPA firms in Mississippi.

Publication: Mississippi Business Journal
Publication Date: 27-AUG-07 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Top review scores for two CPA firms in Mississippi.(certified public accounts)

Article Excerpt
Two Mississippi companies that conduct accounting for public companies received the best score possible when their work was reviewed recently by the Public Company Accounting Oversight Board (PCAOB) set up by the Sarbanes-Oxley Act.

No deficiencies were found in PCAOB audits of the public accounting work done by Shearer, Taylor & Co., P.A., Ridgeland, and T.E. Lott & Co., in Columbus. The two Mississippi firms were among four of 17 inspection reports that generated no negative comments regarding either audit performance or quality controls from the PCAOB.

"That is pretty good for Mississippi," says Bob Shearer, a shareholder and audit partner with Shearer, Taylor & Co., P.A.

Confident, but ...

Shearer feels confident about the work the firm does primarily for public company financial institutions in the state. But this was the first review by the PCAOB, so it wasn't known what issues might arise.

After the Sarbanes-Oxley Act of 2002 was passed, firms with public company clients had to register with...

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