Government Auditing Standards (GAS) issued by the Comptroller General of the United States (July 2007 revision) states in paragraph 3.55:

Audit organizations performing audits and attestation engagements in accordance with GAGAS must have an external peer review performed by reviewers independent of the audit organization being reviewed at least once every 3 years.

This 3-year requirement is consistent with American Institute of Certified Public Accountants (AICPA) and state society requirements.

Cotton & Company has become the first accounting firm in the U.S. to voluntarily undergo annual peer reviews. Beginning with Calendar Year 2007, we will undergo an external peer review each year, thus subjecting our professional practice to more frequent reviews, which aligns with our dedication to the highest professional and ethical standards.

Cotton & Company has completed external peer reviews every 3 years since 1984 and consistently received an unqualified opinion. Once again for the year ended December 31, 2007, our peer review report was unqualified with no letter of comments.

Cotton & Company Peer Review Results

	2007 (553 kb)
	2006 (520 kb)

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