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15 Attachment to the Peer Review Report of Cherry Selcaert & Holland L.L.P. Description of the Peer Review Process Overview Firms enrolled in the AICPA Center for Public Company Audit Firms (the Center) Peer Review Program have their system of quality control periodically reviewed by independent peers. These reviews are system and compliance oriented with the objectives of evaluation whether: The reviewed fimr's system of quality control for its accounting and auditing practice applicable to non-SEC issuers has been designed to meet the requirements of the Quality Control Standards established by the AICPA. The reviewed firm's quality control policies and procedures applicable to non-SEC issuers were being complied with to provide the firm with reasonable assurance of complying with professional standards. A peer review is based on selective tests and directed at assessing whether the design of and compliance with the firm's system of quality control for its accounting and auditing practice applicable to non-SEC issuers provides the firm wilt reasonable, not absolute, assurance of complying with professional standazds. Consequently a peer review on the firm's system of quality control is noturtended to, and does not, provide assurance with respect to any individual engagement conducted by the firm or that none of the financial statements audited by the fimt should be restated. The Center's Peer Review Committee (PRC) establishes and maintains peer review standards. At regulaz meetings and through report evaluation task fo[nes, the PRC considers each peer review, evaluates the reviewer's competence and performance, and examines every report, letter of comments, and accompanying response from the reviewed firm that states its corrective action plan before the peer review is finalized. The Center's staff' plays a Ivey role in overseeing the performance of peer reviews working closely with the peer ['eview teams and the PRC. Once the PRC accepts the Peer review reports, letters of comments, and reviewed firms' responses, these documents are maintained in a file available to the public. In some situafions, the public file also includes a signed undertaldng by the firm agreeing to specific follow-up action requested by the PR.C, Firms that perfomt audits or play a substantial role in the audit of one or' more SEC issuers, as defined by the Public Company Accounting Oversight Boazd (PCAOB), are required to be registered with and have their accounting and auditing practice applicable to SEC issues inspected by the PCAOB. Therefore, we did not review the firm's accounting and auditing practice applicable to SEC issuers.