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Cherry Bekaert"P <br />Your Guide Forward <br />Report on the Firm's System of Quality Control <br />To the Principals of CliftonLarsonAllen LLP <br />and the National Peer Review Committee <br />We have reviewed the system of quality control for the accounting and auditing practice of CliftonLarsonAllen <br />LLP (the "Firm") applicable to engagements not subject to PCAOB permanent inspection in effect for the <br />year ended May 31, 2022. Our peer review was conducted in accordance with the Standards for Performing <br />and Reporting on Peer Reviews established by the Peer Review Board of the American Institute of Certified <br />Public Accountants ("Standards"). <br />A summary of the nature, objectives, scope, limitations of, and the procedures performed in a System <br />Review as described in the Standards, may be found at www.aicr)a.orq/prsummary. The summary also <br />includes an explanation of how engagements identified as not performed or reported on in conformity with <br />applicable professional standards, if any, are evaluated by a peer reviewer to determine a peer review <br />rating. <br />Firm's Responsibility <br />The Firm is responsible for designing and complying with a system of quality control to provide the Firm <br />with reasonable assurance of performing and reporting in conformity with the requirements of applicable <br />professional standards in all material respects. The Firm is also responsible for evaluating actions to <br />promptly remediate engagements deemed as not performed or reported on in conformity with the <br />requirements of applicable professional standards, when appropriate, and for remediating weaknesses in <br />its system of quality control, if any. <br />Peer Reviewer's Responsibility <br />Our responsibility is to express an opinion on the design of and compliance with the Firm's system of quality <br />control based on our review. <br />Required Selections and Considerations <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 plans, audits <br />performed under FDICIA; and examinations of service organizations (SOC V and SOC 2° engagements). <br />As a part of our peer review, we considered reviews by regulatory entities as communicated by the Firm, if <br />applicable, in determining the nature and extent of our procedures. <br />Opinion <br />In our opinion, the system of quality control for the accounting and auditing practice of CliftonLarsonAllen <br />LLP applicable to engagements not subject to PCAOB permanent inspection in effect for the year ended <br />May 31, 2022, has been suitably designed and complied with to provide the Firm with reasonable <br />assurance of performing and reporting in conformity with applicable professional standards in all material <br />respects. Firms can receive a rating of pass, pass with deficiency(ies) or fail. CliftonLarsonAllen LLP has <br />received a peerreviewrating of pass. <br />Cherry Bekaert LLP <br />Charlotte, North Carolina <br />November 18, 2022 <br />cbh.com <br />City of Santa Ana RFP No. 24-009 Page 27 of 63 <br />