Peer Reviews are required for membership in the AICPA's SEC Practice Section, which is a voluntary, self-regulatory organization of firms established to foster quality service and enhance the reliability of financial reporting.

"It is very gratifying that an independent peer firm has thoroughly reviewed our work and found it to be of very high quality," said Ed Knauf, Partner in charge of the firm's Audit and Accounting Practice.

The peer reviewers made an independent assessment of the firm's quality control policies and procedures and considered the firm's actions to ensure that it hires only qualified people, that its staff is properly trained and supervised, that it advances them to responsibilities they are capable of handling, and that it provides them with necessary technical resources. They also inspected the firm's administrative files and records and interviewed professional personnel.

The reviewers' report has been accepted by the Peer Review Committee of the SEC Practice Section of the AICPA.

DeJoy, Knauf & Blood, LLP is a full-service professional firm founded in Rochester in 1990. The firm has grown from its three founding partners to thirty staff over the past  thirteen years.  The firm provides assurance, tax, information systems consulting, business valuation and investment consulting services to clients throughout the Greater Rochester region.

CONTACT: Edward J. Knauf, CPA/ABV, Partner
PHONE: (585) 546-1840
DATE:  October 17, 2003

FOR IMMEDIATE RELEASE: Thursday,  October, 9,  2003