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Firm Profile

Background

Gorenz and Associates, Ltd. was established in the 1950's by Leo Gorenz, Jr. Our firm’s rapid growth was a direct result of Mr. Gorenz’s integrity and strong passion for providing quality customer service. Mr. Gorenz passed away in April 2006, but his legacy lives on. The four active partners continue to strive for the excellence known as our firm's trademark. It is our firm's goal to provide the best possible service for a fair and competitive price.

Our firm’s tax practice has grown drastically over the years. We have tax expertise in serving both individuals and businesses. We serve a large number of agricultural clients including grain elevators, farm implement dealers, feed dealers, fertilizer dealers, and farmers. Our firm provides audit and management advisory services to various types of businesses including automobile dealerships, manufacturers, contractors, and non-profit organizations.

An accounting firm is traditionally thought to have a "slow period" after tax season. Gorenz and Associates, Ltd. uses this "slow period" to provide various governmental entities with top quality audit and consulting services. Some of the entities served include cities, towns, villages, townships, school districts, and joint agreements. Gorenz and Associates, Ltd. expertise in governmental accounting is comprehensive and extensive.

Gorenz and Associates, Ltd. strives to be one of the leading firms in and throughout Peoria. By combining our expertise, experience, and the team mentality of our staff, we assure that every client receives the close analysis and attention they deserve. Our dedication to high standards and work ethic is the reason our client base returns year after year.

Our Mission

Our mission is to help clients maintain financial viability in the present, while taking a proactive approach to achieve future goals. This requires open communication to reach an understanding of our clients' needs through research and sound analysis. Gorenz and Associates, Ltd. is dedicated to meeting these goals with high standards of excellence and professionalism. We have been a staple of Peoria's business community for years, and pride ourselves on the level of esteem we have earned.

Our dedication to hard work has earned the respect of the business and financial community in and around Peoria. We believe this to be a direct derivative of our talent and responsiveness to our client base. Whether you are a current or prospective client, rest assured that individuals and businesses who choose Gorenz and Associates, Ltd. receive competent and timely advice.

Peer Review

What is a Peer Review?

Firms enrolled in the AICPA Peer Review Program are required to have a peer review of their accounting and auditing practice related to non-Security and Exchange Commission issuers covering a one-year period. A peer review is done once every three years and is conducted by an independent evaluator, known as a peer reviewer. The AICPA oversees the program, and the review is administered by an entity approved by the AICPA to perform that role.

Why is a Peer Review Important to our Clients?

Gorenz and Associates, Ltd.'s commitment to providing each of our clients with the personal, professional and quality service they require is consistently reflected in our peer reviews. Most recently, as in all prior evaluations, we achieved the highest possible rating attainable, a "pass" with no deficiencies. Our peer review results confirm that Gorenz and Associates, Ltd. is the right firm with the right ideas and the right results.

Most importantly, our peer review lets the public know that we have a system of quality control for our accounting and auditing practice that meets the requirements of the AICPA's Statements on Quality Control Standards and we are in compliance with that system of quality control, assuring our clients that we only apply the most professional standards to our work.

Our Peer Review Rating

When a CPA firm receives a report with a peer review rating of "pass", the peer reviewer has concluded that nothing came to his or her attention that the CPA firm's work was not performed and reported on in conformity with applicable professional standards in all material respects. This is the highest rating that can be received after a peer review. Our latest peer review was issued December 18, 2015, and our rating was a "pass". In the peer review report, we met all acceptable practice standards, and complied within the parameters as established by the regulatory body of the AICPA. We value this process and our membership in the AICPA. We do all this to benefit you, our valued client.

Click here to review our current Peer Review Report