What Verdica's 806 score means for AAFCPAs Inc
AAFCPAs Inc in Illinois has earned a Verdica composite score of 806 out of 850, placing it in the "excellent" band (800–850). This score reflects strong performance across the primary dimensions Verdica tracks: professional licensing, regulatory audit history, and disciplinary record.
For a business owner or purchaser of accounting services, a score of 806 signals that AAFCPAs Inc has demonstrated compliance with state and federal regulatory standards at a high level. The firm holds current credentials and licensure, has a clean or near-clean audit record with the Public Company Accounting Oversight Board (PCAOB), and shows no material disciplinary findings on file with the Illinois state board. The 44-point gap between this score and a perfect 850 is modest and typical of firms operating in a regulated environment where minor audit observations or technical adjustments occasionally occur.
This score should be understood as a baseline indicator of regulatory standing, not a comprehensive quality review. Verdica's methodology focuses on compliance data from public regulators; it does not currently include independent customer reviews, case law, or litigation history for this entity. As Verdica notes, no independent customer reviews are yet indexed for AAFCPAs Inc, so this score reflects regulatory compliance alone.
How the sub-scores break down
License & Credentials (850/850): This perfect sub-score indicates that AAFCPAs Inc holds all required professional licenses and credentials in Illinois without gaps, lapses, or restrictions. The firm is registered and in good standing with the state board of accountancy. This dimension is a table-stakes measure; any firm lacking valid licensure would score substantially lower.
PCAOB Record (740/850): This sub-score reflects findings from PCAOB audit inspections. The PCAOB regularly examines accounting and auditing practices at firms that audit public company financial statements. A score of 740 is "strong" but not perfect, suggesting the firm's audit work has met regulatory standards overall, though the PCAOB may have noted minor deficiencies, quality control observations, or areas for improvement during inspections. Such findings are common in the industry and do not necessarily indicate material violations.
Disciplinary (850/850): This perfect score means no material disciplinary actions, complaints, or sanctions appear in the Illinois state board's records for AAFCPAs Inc. The firm has not faced license suspensions, revocations, consent orders, or settled complaints that would be flagged by state regulators.
What regulators in IL track for accounting providers
Illinois accounting providers are overseen by the Illinois Department of Financial and Professional Regulation (DFPR) and the PCAOB, a nonprofit created under the Sarbanes-Oxley Act to inspect and enforce audit standards for public company auditors.
The state board tracks licensure status, continuing professional education (CPE) compliance, and disciplinary complaints. Firms must maintain current CPA licenses, renew credentials on schedule, and fulfill annual education requirements. Complaints about fraud, incompetence, or ethical violations can result in board investigations and disciplinary action.
The PCAOB conducts triennial (or more frequent) inspections of registered audit firms, examining selected audits for compliance with auditing standards, quality control procedures, and independence rules. Inspectors document observations in public reports. Common findings include insufficient documentation, inadequate testing procedures, or insufficient partner involvement in high-risk areas. These do not always result in enforcement but are part of the firm's public regulatory record.
Verdica weights these two data sources to compute a firm's composite score. A declining PCAOB record or an uptick in state board complaints would lower the score over time.
Bottom line
AAFCPAs Inc's score of 806 places it in the excellent compliance band, indicating solid regulatory standing with Illinois authorities and the PCAOB. For someone considering this firm's services, the score suggests acceptable risk from a regulatory perspective; however, prospective clients should still verify service offerings, request references, and review engagement terms independently, since Verdica's score does not yet incorporate customer feedback or detailed scope assessments.