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WIPFLi. <br /> <br />November 3, 2004 <br />To the Principals <br />Malloy, Montague, Karnowski, Radosevich, ~ Co., P.A. <br />Minneapolis, Minnesota <br />We have reviewed the system of quality control for the accounting and auditing practice of Malloy, <br />Montague, Karnowski, Radosevich, ~ Co., P.A. (the "Firm") in effect for the year ended May 31, 2004. A <br />system of quality control encompasses the Firm's organizational structure and the policies adopted and <br />procedures established to provide it with reasonable assurance of conforming with professional <br />standards. The elements of quality control are described in the Statements on Quality Control Standards <br />issued by the American Institute of Certified Public Accountants (AICPA). The design of the system and <br />compliance with it are the responsibility of the firm. Our responsibility is to express an opinion on the <br />design of the system, and the Firm's compliance with the system based on our review. <br />Our review was conducted in accordance with standards established by the Peer Review Board of the <br />AICPA. In performing our review, we obtained an understanding of the system of quality control for the <br />Firm's accounting and auditing practice. In addition, we tested compliance with the Firm's quality <br />control policies and procedures to the extent we considered appropriate. These tests covered the <br />application of the Firm's policies and procedures on selected engagements. Because our review was <br />based on selective tests, it would not necessarily disclose all weaknesses in the system of quality control <br />or all instances of lack of compliance with it. <br />Because there are inherent limitations in the effectiveness of any system of quality control, departures <br />from the system may occur and not be detected. Also, projection of any evaluation of a system of <br />quality control to future periods is subject to the risk that the system of quality control may become <br />inadequate because of changes in conditions, or because the degree of compliance with the policies or <br />procedures may deteriorate. <br />In our opinion, the system of quality control for the accounting and auditing practice of Malloy, <br />Montague, Karnowski, Radosevich, ~ Co., P.A. in effect for the year ended May 31, 2004, has been <br />designed to meet the requirements of the quality control standards for en accounting and auditing <br />practice established by the AICPA and was complied with during the year then ended to provide the <br />Firm with reasonable assurance of conforming with professional standards. <br />G(1~ LLP <br />Wipfli LLP <br />Eau Claire, Wisconsin <br />