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r <br /> BOYCE, FURR <br /> COMPANY, LLP <br /> CERTIFIED PUBLIC ACCOUNTANTS <br /> SAMUEL A. BOYCE, PARTNER SANDY P. NEWELL, CPA <br /> BOBBIE W FURR, PARTNER JO ELLEN B. Loy, CPA <br /> DAVID E. BOYCE, CPA <br /> PATRiaA T. WAGNER, CPA <br /> CHERYL W. GAZALEH, CPA <br /> May 5, 2009 <br /> Martin Starnes &Associates, CPAs, PA and the <br /> Peer Review Committee, North Carolina Association <br /> of Certified Public Accountants <br /> We have reviewed the system of quality control for the accounting and auditing practice of <br /> Martin Starnes & Associates, CPAs, PA (the firm) in effect for the year ended December 31, <br /> 2008. Our peer review was conducted in accordance with the Standards for Performing and <br /> Reporting on Peer Reviews established by the Peer Review Board of the American Institute of <br /> Certified Public Accountants. The firm is responsible for designing a system of quality control <br /> and complying with it to provide the firm with reasonable assurance of performing and reporting <br /> in conformity with applicable professional standards in all material respects. Our responsibility <br /> is to express an opinion on the design of the system of quality control and the firm's compliance <br /> therewith based on our review. The nature, objectives, scope, limitations of, and the procedures <br /> performed in a System Review are described in the standards at www.aici)a.org/Drsummary. <br /> As required by the standards, engagements selected for review included engagements <br /> performed under the Government Auditing Standards and audits of employee benefit plans. <br /> In our opinion, the system of quality control for the accounting and auditing practice of Martin <br /> Starnes & Associates, CPAs, PA in effect for the year ended December 31, 2008, has been <br /> suitably designed and complied with to provide the firm with reasonable assurance of <br /> performing and reporting in conformity with applicable professional standards in all material <br /> respects. Firms can receive a rating of pass, pass with deficiency(ies) or fail. Martin Starnes & <br /> Associates, CPAs, PA has received a peer review rating of pass. <br /> BOYCE, FURR & COMPANY, LLP <br /> 4900 FALLS OF THE NEUSE ROAD • SUITE 220 • RALEIGH, NORTH CAROLINA 27609 <br /> 919.862.0004 • FAX: 919.862.0009 ' WWW.BOYCFFURRCPA.COM <br />