Professional Standards

Staff at RHR Smith & Company are members of the American Institute of Certified Public Accountants, and the Maine Society of Certified Public Accountants.

We follow Generally Accepted Accounting Principles (GAAP) and Generally Accepted Auditing Standards (GAAS), as well as government auditing standards established by the Government Accounting Standards Board (GASB). We follow professional regulations and standards established by the AICPA, We also meet Government Auditing Standards for Yellow Book and audits based on OMB Circular A-133 (for governments and nonprofits receiving federal funds) and regularly conduct audits to meet Maine Accounting and Audit Practices (MAAP) requirements.

Quality Control

As a member requirement of The American Institute of Certified Public Accountants, the firm is enrolled in the Peer Review Program. Under this program, our firm is audited every three years by another firm of similar size, and who is independent of our firm.

The firm of RHR Smith & Company also maintains a very structured internal quality control system designed to meet the standards of The American Institute of Certified Public Accountants.

RHR Smith & Company Code of Conduct:

RHR Smith & Company complies with all professional standards of conduct, including those established by the American Institute of Certified Public Accountants.

As a company we:

1. accept the solemn responsibility of the public trust;

2. meet or exceed expectations in matters of confidentiality, honesty, integrity, and professional excellence;

3. maintain independence and objectivity;

4. observe both the form and the spirit of technical and ethical standards;

5. discharge professional responsibilities with competence and diligence;

6. properly use government information and resources;

7. respect the auditor/client relationship;

8. behave professionally and treat our clients with respect at all times.

Learn More



Latest Peer Review Results

Proven Expertise & Integrity

It’s hard to tell a lot about a company just by browsing its website or reading a proposal. Learn more about the people behind the company who provide this important service.



Our staff has over 240 years of combined experience, including 100 years of collective experience auditing governments in Maine.


We audit 150 governmental clients in Maine, including over 20% of all municipal, county and tribal governments and other agencies.


We exceed the highest standards of quality control in our profession and help our clients meet government accounting standards.