What Verdica's 812 score means for Carr Riggs & Ingram LLC
Carr Riggs & Ingram LLC's composite score of 812 out of 850 places the firm in Verdica's "excellent" band (800–850), indicating strong regulatory standing and compliance posture based on available public data. A score in this range reflects a firm that has demonstrated consistent adherence to licensing requirements, professional standards, and oversight protocols tracked by federal and state regulators.
For a business owner or audit committee evaluating this firm, an 812 score signals low regulatory risk relative to the broader accounting provider landscape. The firm is not flagged for major compliance concerns in the dimensions Verdica measures. However, it's important to note that this score reflects only the data sources currently indexed—PCAOB audit findings and state board registration records—and does not include customer reviews or qualitative assessments of service delivery. A reader should interpret this score as evidence of regulatory compliance, not necessarily as a full picture of firm performance or client satisfaction.
How the sub-scores break down
License & Credentials (850/850): This perfect sub-score indicates that Carr Riggs & Ingram LLC maintains full compliance with Massachusetts state licensing requirements and has no credentialing deficiencies flagged in the state board registration database. In the accounting industry, this dimension tracks whether a firm and its principals hold current, unencumbered licenses to practice and whether any credential-related violations or restrictions exist. A score of 850 means no gaps or red flags in this foundational area.
PCAOB Record (755/850): This sub-score reflects findings from Public Company Accounting Oversight Board audit inspections and investigations. The PCAOB monitors accounting firms' audit quality, internal controls, and compliance with professional standards through periodic reviews of audit work and firm operations. A score of 755 is solid but notably lower than the firm's license score, suggesting the PCAOB may have identified observations or deficiencies in prior inspections that are being tracked or remediated. This is not uncommon for firms of any size; the score indicates issues are not severe enough to trigger a lower-risk band, but they exist in the regulator's file.
Disciplinary (850/850): Another perfect sub-score here indicates no formal disciplinary actions, sanctions, or enforcement orders from state boards or other regulatory bodies on record. In accounting regulation, disciplinary records capture matters ranging from minor violations to license suspensions or revocations. A perfect score reflects a clean disciplinary history.
What regulators in MA track for accounting providers
Massachusetts and the PCAOB enforce a multi-layered compliance framework for accounting firms. The state board of accountancy (through which firms register and principals are licensed) monitors continuing education compliance, ethical violations, and fitness to practice. State-level actions can include fines, required remediation, license restrictions, or revocation.
The PCAOB, a federally chartered nonprofit, has broader jurisdiction over firms that audit public companies. PCAOB inspections examine audit methodology, documentation, quality control processes, and adherence to auditing standards. Inspection reports may cite deficiencies—ranging from technical documentation gaps to more serious independence or audit procedure issues—that firms must address in follow-up filings. The PCAOB also investigates alleged violations and can impose sanctions.
Verdica's scoring methodology weights these regulator findings to surface patterns: repeated audit quality issues, unresolved violations, or disciplinary action move scores downward. A firm with a high PCAOB score typically shows strong audit quality trends; a gap between that score and perfect credentials may indicate past findings in the inspection process.
Bottom line
Carr Riggs & Ingram LLC presents a low-risk compliance profile based on public regulatory data, with particular strength in licensing and disciplinary standing. Before engaging the firm, a client should request references, review engagement terms, and confirm the firm's specific experience in their industry—factors the compliance score does not capture.