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e e ~ l'lJj we , ASSOCIATES I~TER~ATIONAL June 9, 1999 To the Shareholders Null- Lairson, P,C. We have reviewed the system of quality control for the accounting and auditing prOCtlCe of Null - Lairson, P.C. (the firm) in effect for the year ended December 3', 1998, A system ot quality conlrol encompasses the firm's organizational structure and the pOlicies adopted and procedures established to provide it with reasonable assurance of complying with professional standards, The elements of quality control are described in the Statements on Quality Control Standards issued by the American Institute of Certified Public Accountants (the "AICPA"). The design of the system. and compliance with it, are the responsibilities of the firm. In addition, the firm has agreed to comply with the membership requirements of the SEC Practice Section of the AICPA Division for CPA Firms (the Section). Our responsibility is to express an opinion on the design of the system. and the firm's compliance with that system and the Section's membership requirements based on our review, Our review was conducted in accordance with standards established by the Peer Review Committee of the Section. In performing our review, we obtained an understanding of the system of quality control for the firm's accounting and auditing practice. In addition, we tested compli;lnce wilh the firm's quality control policies and procedures and with the membership reQulfements 01 the Section to the extent we considered appropriate. These tests covered the application 01 Ihe linn's pOlicies and procedures on selected engagements, Because our review was based on selective lests, it would not necessarily disclose all weaknesses in the system of quality control or all instances of lack 01 compliance with it or with the membership requirements of the Section, As is customary in a peer review, we are issuing a letter under this date that sets forth comments relating 10 certain pOlicies and procedures or compliance with them, These mailers were not considered 10 be of sufficient significance to affect the opinion expressed in this report. Because there are inherent limitations in the effectiveness of any system of quality control, departures from the system may occur and not be detected, Also, projection of any evaluation of a system of quality control to future periods is subject to the risk that the system of quality control may become inadequate because of changes in conditions, or that the degree 01 complianct:' with the policies or procedures may deteriorate. In our opinion. the system of quality control for the accounting and auditing practice 01 Null . Lairson, P ,C. in effect for the year ended December 31. 1998. has been designed to meel the requirert:lents of the quality control standards for an accounting and auditing practice established by the AICPA. and was complied with during the year then ended to provide the lirm With reasonable assurance of complying with professional standards, Also, in our opinion, the tirm has complied With the membership requirements of the Section in all material respects, '-<.. "-e. \. _ n n (\~-' 7. U~ Lisa L, O'Oell. CPA Team Captain CPA A'!'sodale< 11lIcrn:ulonal. Inc. Meadows Office: Comptex, 30J Route: 17 :-Oor,h. Rutherford, :-0.], OiO"O Tel: 201.1104-11(,116 Fax: 201.804-9l22 E. mail: homc:offic::e<e1CJ)33i.com