2005-12-14 CC Packet - Laserfiche WebLink

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ILLING LID. CONSULTANTS AND CERTIFIED PUBLIC ACCOUNTANTS July 10, 2002 . J Dean R Ager, CPA Thomas L Sykes, CPA Michael S. Altman, CPA William]. Gravelle, CPA Deborah J. Medlin. CPA Darla R. Benoit, CPA To the Partners Abele. Eick & Mey~r~, LLP We have reviewed the system of quality control for the accounting and auditing practice of Alida, Eick & Meyers, LLP (the fimi) in effect for th~ year ended May 31, 2002. .A system of qual~ control encompasses the firm's organiz~tional structure and the policies adopted and proce~ures established to provide it with reasonable assurance of conforming with professional standards. The elements of quality control are ~escribed in the Statements on Quality.Control Standards issued by the American Institute of Certified Public Accountants (AICPA). The design of the system and compliance with it are the responsibility of the firm. Our responsibility is to express an opinion on the design of the system, and the firm's compliance with the system based on our review. Our review. was condu~ed in accordance with standards established by the Peer Review Board of the AICPA. In performing our rev~ew, we obtained an understanding of the system of quality control for the firm's accounting and auditing. practice. In addit!on. we tested compliance with tnti firm's quality control policies and procedures to the extent we considered appropriate. These tests covered the application of the firmis policies and pr~cedures on selected engagements: Because our review was based on . sele~ive tests, it would not necessarily dis~lose all weaknesses in the system of quality control or ail instances of 'apt< of compliance with it. . . B.ecause. there are inherent limitations in the effectiveness of any system of quality control, departures from the system may occur and 110t be detected_ Also, projection of any evaluation of a system of quality control to futlire periods is subject to the risk that the system of quality control may become inadequate because of changes in conditions, or because the degree of compliance with the policies or procedures. may deteriorate. . . In our opinion, the syst~m of quality control for the accounting and auditing practice of Abdo, Eick & Meyers. LLP in effect for the year ended May 31, 2002. has been designed to meet the requirements of tbe quality control standards for an. accounting and auditing praCtice established by t~e AICPA and was complied with during the year then ended to provide the firm with reasonable assurance of conforming with professional standards. E~J .~ 600 Wells Fargo Center · 230 West Superior Street · Duluth, MN 55802.1953 - Phone 218.722-4705 . Fax 218-722.8589 80700quet Avenue · Coquet. MN 55720.1677 · Phone 218.879-1503 · Fax 218.879-6240' Suite 228 · illS Tower Avenue · Superior. WI 54880 · Phone 715-39+6621 · Fax 7l5- 39+5629 www.eikillcom 3/t;