Peer Review
October 17, 2023
Report on the Firm's System of Quality Control
To the Partners of
Mason + Rich, P.A.
and the New England Peer Review Committee
We have reviewed the system of quality control for the accounting and auditing practice of Mason + Rich, P.A. (the firm) in effect for the year ended May 31, 2023. Our peer review was conducted in accordance with the Standards for Performing and Reporting on Peer Reviews established by the Peer Review Board of the American Institute of Certified Public Accountants (Standards).
A summary of the nature, objectives, scope, limitations of, and the procedures performed in a system review as described in the Standards may be found at www.aicpa.org/prsummary. The summary also includes an explanation of how engagements identified as not performed or reported on in conformity with applicable professional standards, if any, are evaluated by a peer reviewer to determine a peer review rating.
Firm's Responsibility
The firm is responsible for designing and complying with a system of quality control to provide the firm with reasonable assurance of performing and reporting in conformity with the requirements of applicable professional standards in all material respects. The firm is also responsible for evaluating actions to promptly remediate engagements deemed as not performed or reported on in conformity with the requirements of applicable professional standards, when appropriate, and for remediating weaknesses in its system of quality control, if any.
Peer Reviewer's Responsibility
Our responsibility is to express an opinion on the design of and compliance with the firm’s system of quality control based on our review.
Required Selections and Considerations
Engagements selected for review included an engagement performed under
Government Auditing Standards, including a compliance audit under the
Single Audit Act.
As a part of our peer review, we considered reviews by regulatory entities as
communicated by the firm, if applicable, in determining the nature and
extent of our procedures.
Opinion
In our opinion, the system of quality control for the accounting and auditing
practice of Mason + Rich, P.A. in effect for the year ended May 31, 2023,
has been suitably designed and complied with to provide the firm with
reasonable assurance of performing and reporting in conformity with
applicable professional standards in all material respects. Firms can receive a
rating of pass, pass with deficiency(ies) or fail. Mason + Rich, P.A. has
received a peer review rating of pass.
Sullivan Bille, PC
Report on the Firm's System of Quality Control
To the Partners of
Mason + Rich, P.A.
and the New England Peer Review Committee
We have reviewed the system of quality control for the accounting and auditing practice of Mason + Rich, P.A. (the firm) in effect for the year ended May 31, 2023. Our peer review was conducted in accordance with the Standards for Performing and Reporting on Peer Reviews established by the Peer Review Board of the American Institute of Certified Public Accountants (Standards).
A summary of the nature, objectives, scope, limitations of, and the procedures performed in a system review as described in the Standards may be found at www.aicpa.org/prsummary. The summary also includes an explanation of how engagements identified as not performed or reported on in conformity with applicable professional standards, if any, are evaluated by a peer reviewer to determine a peer review rating.
Firm's Responsibility
The firm is responsible for designing and complying with a system of quality control to provide the firm with reasonable assurance of performing and reporting in conformity with the requirements of applicable professional standards in all material respects. The firm is also responsible for evaluating actions to promptly remediate engagements deemed as not performed or reported on in conformity with the requirements of applicable professional standards, when appropriate, and for remediating weaknesses in its system of quality control, if any.
Peer Reviewer's Responsibility
Our responsibility is to express an opinion on the design of and compliance with the firm’s system of quality control based on our review.
Required Selections and Considerations
Engagements selected for review included an engagement performed under
Government Auditing Standards, including a compliance audit under the
Single Audit Act.
As a part of our peer review, we considered reviews by regulatory entities as
communicated by the firm, if applicable, in determining the nature and
extent of our procedures.
Opinion
In our opinion, the system of quality control for the accounting and auditing
practice of Mason + Rich, P.A. in effect for the year ended May 31, 2023,
has been suitably designed and complied with to provide the firm with
reasonable assurance of performing and reporting in conformity with
applicable professional standards in all material respects. Firms can receive a
rating of pass, pass with deficiency(ies) or fail. Mason + Rich, P.A. has
received a peer review rating of pass.
Sullivan Bille, PC
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