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e e na~lbJb~ Bro",~ Go,.".MUa & l& ~"""Ar- - - Z3D South BemIIlDn A".nue St. LDuaa. M!aouri I310S ~. 3141727..,50 MX 3141727-1195 To the Shareholders White Petrov 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 conducted in conformity with standards for peer reviews promulgated by the peer review committee of the SEe practice section of the AICPA Division for CPA Firms (the section). We tested compliance with the firm's quality control policies and procedures and with the membership requirements of the section to the eztent we considered appropriate. These tests included the application of the firm's policies and procedures on selected accounting and auditing engagements. In perfonDing 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 organizational structure, its policies, and the nature of its practice. Variance in individual performAnce can afrect the degree of compljAnce 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 of sufJicient significance to afrect the opinion ezpressed in this report. In our opinion, the system of quality control for the accouutiWW aDd auditing practice of White Petrov McBone, A ProfessioD8l Corporation, in effect for the year ended July 31, 1995, met the objectives of quality control standards establ;ahed by the AICPA, and was beiug complied with during the year then ended to provide the finD with reaBmuahle assurance of conforming with professicmal standards. Also, in our opiniOD, the finD was in conformity with the membership requirements of the section in aD material respects. October 18, 1995 ~~~~Jr;. ~k~,-~WN, GORNSTEIN & CO. Certified Public AccoD4tants Member; SummIt InIemIIIaIIII MIacia-. tnc.. with DftIaIIIn ........ u.s. MlIIrdImatIanaJ au. ArMrtcIn .......... of CerUftId PuIlIIc ~