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CEgI <br />Report on the Firm's System of Quality Control <br />To the Shareholders of Mauldin & Jenkins, LLC <br />and the National Peer Review Committee: <br />We have reviewed the system of quality control for the accounting and auditing practice of <br />Mauldin & Jenkins, LLC (the finn), applicable to engagements not subject to PCAOB permanent <br />inspection, in effect for the year ended May 31, 2017. Our peer review was conducted in <br />accordance with the Standards for Performing. and Reporting on Peer Reviews established by the <br />Peer Review Board of the American Institute of Certified Public Accountants (Standards). <br />A summary of the nature, objectives, scope, limitations of, and the procedures performed in a <br />System Review as described in the Standards may be found at www.aicpa.org /prsumimary. The <br />summary also includes an explanation of how engagements identified as not performed or <br />reported in conformity with applicable professional standards, if any, are evaluated by a peer <br />reviewer to determine a peer review rating. <br />Firm's Responsibility <br />The firm is responsible for designing a system of quality control and complying with it to <br />provide the firm with reasonable assurance of performing and reporting in conformity with <br />applicable professional standards in all material respects. The firm is also responsible for <br />evaluating actions to promptly remediate engagements deemed as not performed or reported in <br />conformity with professional standards, when appropriate, and for remediating weaknesses in its <br />system of quality control, if any. <br />Peer Reviewer's Responsibility <br />Our responsibility is to express an opinion on the design of the system of quality control and the <br />firm's compliance therewith based on our review. <br />Required Selections and Considerations <br />Engagements selected for review included engagements performed under Government Auditing <br />Standards, including compliance audits under the Single Audit Act; audits of employee benefit <br />plans, an audit performed under FDICIA, and examinations of service organization's SOC 1 and <br />SOC 2 engagements. <br />As part of our peer review, we considered reviews by regulatory entities as communicated by the <br />firm, if applicable, in determining the nature and extent of our procedures. <br />PBMares, LLP 1725 Jackson Street, Suite 210 1 Fredericksburg, VA 224011 P 540,371.3566 11.800.296.3710 11:5,10-371,3598 <br />