O-1998-2282 - Laserfiche WebLink

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e e DB / Babin.. Bro",~ ..,,/ ~~~T~~ 230 South 8emISIDn Awnue St. LauaI. Maaoun 13'105 1IIecInot. 3M1727.etSO FlU 3Ml727081es To the Shareholders White PetnJv McHone A Professional Corporation We have reviewed the system of quality control for the accounting and auditing practice of White Petrov McHone, A Professional Corporation, (the firm) in effect for the year ended July 31, 1995. Our review was c:cmducted in conformity with standards for peer reviews promulgated by the peer review committee of the SEC practice section of the AICPA Division for CPA Firms (the section). We tested compl;Al'ce with the firm's quality control policies and procedures and with the membership requirements of the section to the extent we considered appropnate. These tests included the application of the firm's policies and procedures on selected accounting and auditing engagements. In. performiDg our review, we have given consideration to the general characteristics of a system of quality control as described in quality control standards issued by the AICPA. Such a system should be appropriately comprehensive and suitably designed in relation to the firm's orpn;7.ational structure, its policies, and the nature of its practice. Variance in individual performAnce can a1I'ect the degree of compliAnee with a firm's prescribed quality control policies and procedures. Therefore, adherence to all policies and procedures in every case may not be possible. As is customary in a peer review, we are issuing a letter under this date that sets forth comments related to certain policies and procedures or compliance with them. None of these matters were considered to be or sufficient llig1lificance to a1I'ect the opinion ezpressed in this report. In our opinion, the system of quality c:ontrol far the accounti"g and auditing practice of White PetnJv McHone, A Professional Corporation, in effect for the year ended July 31, 1995, met the objectives of quality c:ontrol standards estRbl;Jlhed by the AICPA, and was beiug complied with during the year then ended to provide the &r.m with reasmulnle assurance or conformiDg with ~ssiODal standards. Also, in oar opinion, the firm was in canfomlity with the membembip req~eu&ents ortbe sectian in aD material respects. October 18, 1995 ~4uu,,~~, (1,. ~k~,-~WN, GORNSTEIN It CO. Certified PabJic AccouutaDts Member: SummllII*maIIDnaI MIac:ia-. Inc., wIItl offiaIe In ....... us. ad ........tianaI au. AIMrtcM InIIItute or c.tIIIId PuIIIIc ~