What Verdica's 656 score means for Terrence Flood
Terrence Flood's composite score of 656 places him in the elevated risk band (580–669). This is below the threshold for "acceptable" performance (670+) but above the high-risk floor. In practical terms, a score in this range signals that while some compliance infrastructure is in place, there are documented concerns that warrant closer attention before engaging this provider.
The score reflects a mixed profile: Flood's PCAOB audit record is strong (810/850), but his License & Credentials sub-score is significantly lower (340/850). This gap is the primary driver of the overall elevated rating. For someone considering Terrence Flood's services, this suggests the need for due diligence beyond the Verdica score—specifically, understanding what the credential gap represents and whether it affects the type of work you need performed.
How the sub-scores break down
License & Credentials (340/850): This sub-score reflects registration status, active licenses, and professional certifications tracked by the Michigan state board. A score of 340 is well below the midpoint and indicates gaps in credentials or licensing standing. This could stem from lapsed certifications, incomplete continuing education disclosures, or registrations that do not meet current state standards. Low scores in this dimension typically correlate with barriers to practice or restrictions on scope of work.
PCAOB Record (810/850): This sub-score reflects the Public Company Accounting Oversight Board's audit inspection findings. A score of 810 is strong and suggests that when Flood's work has been subject to PCAOB inspection, the deficiencies identified were either minimal or have been remediated. PCAOB inspections evaluate audit quality, compliance with standards, and internal controls. A high score here indicates competent execution in audits that fall under federal jurisdiction.
Disciplinary (850/850): A perfect score here means no public disciplinary records, sanctions, or complaints logged with regulatory bodies. This is a positive indicator and shows Flood has not faced formal enforcement action from state or federal authorities.
The pattern reveals a provider whose audit work meets standards, but whose credentials or licensing status lags. This mismatch warrants clarification.
What regulators in MI track for accounting providers
Michigan's state board tracks active licensure status, continuing professional education (CPE) requirements, and credential maintenance for CPAs and accounting firms. These records feed into the License & Credentials dimension and are the foundation for legal practice authority.
The PCAOB, a federal regulator, inspects audit work for public companies and brokers. Inspections assess compliance with auditing standards, quality controls, and documentation. Findings can range from minor documentation issues to substantive failures in audit scope or judgment. PCAOB scores typically improve when firms remediate findings and maintain consistent quality over successive inspection cycles.
Disciplinary records include complaints, investigations, and sanctions from state boards or the SEC. They document violations of professional conduct rules, fraud, or incompetence. A clean disciplinary record is table stakes for any accounting provider.
The gap between Flood's PCAOB performance and credentials is noteworthy. It suggests either that credentials are newly deficient, or that audit work quality (under federal scrutiny) has outpaced maintenance of state-level standing. This is not uncommon but does warrant verification—particularly if your engagement requires state-specific licensing or if you rely on credentials as a proxy for ongoing compliance culture.
Bottom line
Terrence Flood scores in the elevated-risk band due to credential gaps that contradict an otherwise solid PCAOB audit record. Before engaging, verify current license status with the Michigan state board, confirm the specific credential shortfalls, and assess whether they affect the scope of work you need. The disciplinary record is clean, which is positive, but credential misalignment is a red flag worth resolving upfront.