Laserfiche WebLink
P Acro ntante <br />October 4, 2016 <br />• <br />()-uitants <br />SYSTEM REVIEW REPORT <br />ca <br />To the Partners of <br />Schlenner Wenner & Co. <br />and the Peer Review Committee of the Minnesota Society of Certified Public Accountants <br />We have reviewed the system of quality control for the accounting and auditing practice of <br />Schlenner Wenner & Co. (the firm) in effect for the year ended June 30, 2016. Our peer review was <br />conducted in accordance with the Standards for Performing and Reporting on Peer Reviews <br />established by the Peer Review Board of the American Institute of Certified Public Accountants. As <br />a part of our peer review, we considered reviews by regulatory entities, if applicable, in determining <br />the nature and extent of our procedures. The firm is responsible for designing a system of quality <br />control and complying with it to provide the firm with reasonable assurance of performing and <br />reporting in conformity with applicable professional standards in all material respects. Our <br />responsibility is to express an opinion on the design of the system of quality control and the firm's <br />compliance therewith based on our review. The nature, objectives, scope, limitations of, and the <br />procedures performed in a System Review are described in the standards at <br />wmv.aicpa.orgiprsummary. <br />As required by the standards, engagements selected for review included engagements performed <br />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 Schlenner <br />Wenner & Co. in effect for the year ended June 30, 2016, has been suitably designed and complied <br />with to provide the firm with reasonable assurance of performing and reporting in conformity with <br />applicable professional standards in all material respects. Firms can receive a rating of pass, pass <br />with deficiency(ies) or fail. Schlenner Wenner & Co. has received a peer review rating of pass. <br />Olsen Thielen & Co., Ltd. <br />St. Paul Office I 267.5 Long Lake Road I St, Paul, MN 5511'3-1117 631-483-4521 6.51-483-2467 FAX <br />Minneapolis Office 300 Prairie Center Dp, Ste. 300 Minneapolis, MN 55341-7908 952-9,11-9242 I 952-941-0.577 FAX <br />