What Verdica's 769 score means for Friedman LLP
Friedman LLP's composite score of 769 out of 850 places the firm in the "strong" performance band (740–799). This means the firm demonstrates solid regulatory standing and professional credentials, with no major red flags in the data sources Verdica tracks.
For a business owner or organization considering Friedman LLP for accounting services, a score in this range suggests the firm has met baseline licensing requirements, maintains an acceptable audit record, and has not accumulated significant disciplinary actions. The score is not "excellent" (800–850 range), which reflects that there is some room for improvement—likely in the firm's PCAOB audit findings dimension—but it is well above the "acceptable" threshold (670–739) and far above elevated or high-risk zones.
A 769 score should give you reasonable confidence in the firm's regulatory compliance posture. However, the absence of independent customer reviews means this assessment is based entirely on regulatory data and does not reflect client experiences, service quality, or responsiveness. You should view this as a baseline compliance check, not a complete picture of the firm's value as a service provider.
How the sub-scores break down
License & Credentials (800/850): This high sub-score indicates Friedman LLP has current, valid professional licenses and credentials in Texas with the state board. The firm is not on probation, has not let licenses lapse, and meets the ongoing education and registration standards required to operate legally. An 800 here is a strong signal that the administrative foundation is sound.
PCAOB Record (690/850): This is the lowest of the three sub-scores, placing it in the "acceptable" range rather than "strong." The Public Company Accounting Oversight Board audits public accounting firms and tracks audit quality findings. A score of 690 suggests the firm has some documented quality issues or audit deficiencies flagged during PCAOB inspections, but not at a severity level that would result in major enforcement action or suspension. This score pulls down the composite but does not indicate a broken system.
Disciplinary (850/850): A perfect score here means Verdica found no formal disciplinary actions, complaints upheld by the state board, or enforcement proceedings against the firm in the underlying data. This is a positive signal and indicates the firm has not been sanctioned for violation of professional standards or state accounting regulations.
What regulators in TX track for accounting providers
In Texas, the State Board of Accountancy maintains registration and licensing for all firms offering public accounting services. Verdica's License & Credentials sub-score draws from this registration database—it verifies whether a firm is active, whether partners hold valid CPA licenses, and whether any license restrictions or probationary status exist.
The PCAOB, a federal regulator created under the Sarbanes-Oxley Act, conducts triennial inspections of accounting firms that audit public companies or broker-dealers. These inspections examine audit workpapers, quality control policies, and compliance with auditing standards. The PCAOB publishes findings for each firm inspected; scores can be lowered by deficiencies in audit methodology, insufficient testing, or failures to comply with PCAOB standards. Firms are not penalized for minor findings, but repeated or severe issues drive scores down.
The Disciplinary sub-score reflects formal actions: consent orders, monetary penalties, license suspensions, or revocations. These are public-record enforcement actions taken by the state board or PCAOB when a firm or individual violates rules of professional conduct or accounting standards.
Bottom line
Friedman LLP is a strong compliance choice based on its 769 score and particularly its perfect disciplinary record and solid licensing standing. Before engaging the firm, verify that their service offerings match your needs, request client references, and clarify audit or accounting scope—the regulatory score confirms legal standing and compliance history, but does not assess service fit or client satisfaction.