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Wipfli LLP <br />3703 Oakwood Nips Parkway <br />Eau Claire, WI 54701 <br />PO Box 640 <br />Eau Claire, WI 54702-0690 <br />715..832.3407 <br />tax 715.832D475 <br />www.wipfli.com <br />November 3, 2004 <br />To the Principals <br />Malloy, Montague, Karnowski, Radosevich, ~ Co., P.A. <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, <br />and have issued our report thereon dated November 3, 2004. That report should be read in conjunction <br />with the comments in this letter, which were considered in determining our opinion. <br />Matters That Did Not Resu/t in a Modified Report <br />Engagement Performance <br />Finding-The Firm's quality control policies and procedures require that all engagements be properly <br />documented in accordance with the requirements of professional standards, regulatory authorities, and <br />the Firm. Idowever our review disclosed instances (expectations of results of analytical testing, <br />compliance testing procedures in an ERISA plan audit) where the testing documentation was lacking. <br />Through discussions wif}l.engagement personnel, we were able to satisfy ourselves that appropriate <br />testing had been completed. <br />Recommendations-The Firm should discuss at a staff training session its policies regarding engagement <br />testing documentation. All Principals should be advised to monitor compliance with these policies when <br />reviewing audit working papers. <br />l,U~ LLB <br />Wipfli LLP <br />Eau Claire, Wisconsin <br />I:\WORD1Audit G Accounting\70390 Malloy Montague\70390 Letter Of Comments.Doc <br />