Orange County NC Website
Browse       Search
<br />Report on the Firm’s System of Quality Control <br /> <br />To the Shareholders of Mauldin & Jenkins, LLC <br />and the National Peer Review Committee: <br /> <br />We have reviewed the system of quality control for the accounting and auditing practice of <br />Mauldin & Jenkins, LLC (the firm), 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/prsummary. 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 /> <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 /> <br />Peer Reviewer’s Responsibility <br /> <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 /> <br />Required Selections and Considerations <br /> <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 /> <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 /> <br />DocuSign Envelope ID: D2809161-AA0B-4AFA-8A26-418CF7221077