CDS has successfully completed a rigorous peer review of its accounting and auditing practice. The reviewers concluded that the firm’s system of quality control for the accounting and auditing practice in effect for the year ended June 30, 2020, has been suitably designed and complied with to provide reasonable assurance of performing and reporting in conformity with applicable professional standards in all material respects.

CDS participates in the Peer Review Program, a practice monitoring program approved by the American Institute of Certified Public Accountants (AICPA), the national professional organization of CPAs. A firm participating in the Peer Review Program must have an independent review of its accounting and auditing practice every three years. The review was conducted under the auspices of the Minnesota Society of Certified Public Accountants following standards issued by the AICPA. The peer review of CDS was performed by a team of independent CPAs who qualified under the program’s requirements for service as a reviewer.

Its peer review rating of pass indicates CDS meets the accounting profession’s high standards of quality and professionalism. If requested, the firm will provide a copy of the report on the results of the review to all interested parties, although not required to do so.

CDS has 32 Certified Public Accountants, ranking us among the top 25 CPA firms in Minnesota. With offices in Willmar, Benson, Morris, Litchfield and St. Cloud-Sartell, CDS serves businesses, individuals, government agencies and non-profit organizations throughout West Central Minnesota. The firm provides a full range of audit, accounting, tax, estate planning, payroll, forensic accounting and business advisory services. Much of our success stems from the firm’s core values: integrity, quality, innovation, collaboration, and kindness.

The AICPA is the world’s largest member association representing the accounting profession, with more than 431,000+ members in 130 countries and territories, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, non-profit organizations, federal, state, and local governments.