Overview
What is Coastal Peer Review Inc?
Coastal Peer Review Inc, a nonprofit organization situated in Raleigh, North Carolina, plays a significant role in maintaining the quality of financial reporting in CPA firms. Specifically, they administer the AICPA Peer Review Program for firms in Maryland and North Carolina, conducting thorough reviews to ensure adherence to professional standards. This proactive approach helps strengthen the reliability and credibility of financial statements, ultimately benefiting clients and fostering trust within the accounting industry in these two states.
Is Coastal Peer Review Inc legitimate?
Coastal Peer Review Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Coastal Peer Review Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $96,000
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What is the mission statement of Coastal Peer Review Inc?
Coastal Peer Review Inc's primary role is to manage the AICPA Peer Review Program for Certified Public Accounting (CPA) firms located in Maryland and North Carolina. In essence, their mission is to ensure the quality and integrity of financial reporting within these CPA firms by conducting comprehensive peer reviews. This process helps maintain professional standards and builds confidence in the financial statements of these firms. Coastal Peer Review Inc operates from its base in Raleigh, North Carolina, serving as a crucial bridge in maintaining accountability and trust within the financial sector.
Who is the CEO of Coastal Peer Review Inc?
Rebekah J Brown Cpa is the Secretary of Coastal Peer Review Inc.
What is the revenue of Coastal Peer Review Inc?
Coastal Peer Review Inc's revenue in 2022 was $429,648.
Who are the executives of Coastal Peer Review Inc and what are their salaries?
The average compensation at Coastal Peer Review Inc during 2022 was $96,000. There is 1 employee and 7 volunteers at Coastal Peer Review Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Coastal Peer Review Inc?
Coastal Peer Review Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Coastal Peer Review Inc
Coastal Peer Review, as an organization, is committed to administering the AICPA Peer Review Program for Certified Public Accounting (CPA) firms in the states of Maryland and North Carolina. In essence, its mission is to oversee and assess the financial practices and internal controls of these CPA firms, ensuring they adhere to the highest standards of professional conduct and ethical behavior. By conducting peer reviews, Coastal Peer Review plays a crucial role in promoting transparency, accountability, and trust within the accounting industry, ultimately safeguarding the interests of clients and the public at large.
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Impact
October, 2024
Coastal Peer Review Inc significantly impacts the quality and accountability of CPA firms in Maryland and North Carolina by administering the AICPA Peer Review Program. By conducting thorough peer reviews, the organization ensures that CPA firms adhere to high professional standards and best practices, ultimately enhancing the integrity of financial reporting and auditing in the region.
The presence of Coastal Peer Review fosters a culture of continuous improvement among firms, encourages professional development, and promotes transparency. This rigorous review process not only helps firms identify areas for improvement but also builds trust within the community and among clients, bolstering public confidence in the accounting profession. Moreover, by operating from its base in Raleigh, NC, Coastal Peer Review strengthens the local economy and professional landscape, contributing to overall community enhancement and economic stability.
This information is meant to be a general summary of Coastal Peer Review Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $429,648
- Gross Receipts: $429,648
Assets and Liabilities:
- Total Assets: $66,753
- Total Liabilities: $28,471
- Net Assets: $38,282
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PEER REVIEW FEES
Revenue
$429,630
MISCELLANEOUS INCOME
Revenue
$18
Organization Details
Founding Year
2020
Phone
(443) 632-2325Principal Officer
Rebekah J Brown Cpa
Main Address
PO BOX 80188, RALEIGH, NC, 27623
NTEE Category
Code: S40 - Community improvement
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