McCarthy, Hargrave and Company is a Certified Public Accounting firm with offices located in Worcester, Plymouth and Marlborough. We have a diverse clientele consisting of various government units, commercial corporations, social organizations and other non-profit organizations. Our firm was established in 1976 by Daniel F. McCarthy, CPA and Alfred T. Hargrave, CPA. Each of the partners of the firm has over thirty-five years experience including many with national accounting firms.
McCarthy, Hargrave & Co., (a Partnership), was established on September 1, 1976 by Daniel F. McCarthy and Alfred T. Hargrave, Sr. The firm has offices located in Worcester, Marlborough and Plymouth. It is comprised of six professionals (CPA’s) and two support staff.
The experience of our professionals range from over fourteen years to over fifty years of public accounting experience. The partners of the firm each have a number of years experience with former national firms (Arthur Andersen and Touche Ross & Co.). Both partners have performed peer reviews of other CPA firms under the AICPA Peer Review Program.
We have dedicated ourselves to building a quality practice and maintaining the highest standards. The firm has had six peer reviews of our accounting and auditing practice by independent trained CPA reviewers. We are proud to report that we successfully passed all six peer reviews and received no letters of comment (management letters).
All of our audit staff receives eighty hours of continuing education in accounting and auditing every two years. Annually, audit staff attends government accounting and auditing seminars as well as completing training courses on A-133 audits.
Further, we maintain an extensive up-to-date library of reference materials related to governmental accounting and auditing. We also maintain professional relationships with other individuals working in the industry.
Over the years, our firm has completed approximately 275 audits of governmental entities, including transit authorities. We have been involved with transit authorities since their inception in Massachusetts, when Chapter 161B was enacted. Further, we have conducted audits under OMB Circular A-133 since its inception. During the State’s conversion to the GASB Statement No. 34 reporting model, our presentation of a client’s financial statements was cited by the State’s Deputy Comptroller as a template to follow for all the State’s regional transit authorities.
In addition, we have performed audits of not-for-profit organizations for the Commonwealth of Massachusetts, Executive Office of Human Services (EOHS) and designed a universal audit program for State Auditors for EOHS to utilize. We have installed in-house accounting systems for not-for-profit organizations and designed a Uniform Parish Accounting System for the Diocese of Worcester. Further, we have conducted seminars for other Certified Public Accountants on auditing not-for-profit organizations.