July 7, 2026 – Belfint, Lyons & Shuman, P.A. (BLS), one of Delaware’s largest locally owned and managed CPA firms, is proud to announce that it has received a Pass, the highest possible rating, following its most recent peer review.
Under the peer review program, accounting firms may receive one of three ratings: Pass, Pass with Deficiency(ies), or Fail. A Pass report signifies that the firm’s system of quality management is suitably designed and operating effectively to provide reasonable assurance that its accounting and auditing services comply with professional standards in all material respects.
Peer reviews serve as an important benchmark for evaluating the quality of a firm’s accounting and auditing practice. The independent review provides clients, regulators, and the public with confidence that the firm is committed to maintaining the highest standards of professional excellence.
“This achievement reflects the professionalism, dedication, and unwavering commitment to quality demonstrated by every member of our firm,” said Jeffrey Elwell, CPA, Executive Director of Administration. “Receiving the highest possible peer review rating is a testament to the culture of excellence we have built together. Our clients place tremendous trust in us, and this recognition reinforces our commitment to delivering exceptional service with integrity, technical expertise, and continuous improvement.”
The successful outcome is the result of the collective efforts of the firm’s directors, managers, supervisors, professional staff, and administrative team. Every department played an important role in supporting quality management, client service, engagement performance, and the peer review process.
“As our profession continues to evolve, maintaining the highest quality standards remains one of our top priorities,” added Elwell. “We are incredibly proud of our team for earning this distinction and grateful for their dedication to serving our clients with excellence every day.”
BLS has built its reputation on providing exceptional client service through exceptional people. The successful peer review further demonstrates the firm’s commitment to quality, accountability, and professional integrity as it continues serving businesses, nonprofit organizations, governmental entities, and individuals throughout the region.