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and procedures foster strict compliance with these professional standards. In addition, the individuals assigned to your audit are independent of the City. CLA is duly licensed to practice public accountancy in the state of California and other states. All management team members hold a CPA designation. Additional staff will hold a minimum of a bachelor's degree from an accredited university, be a licensed CPA or CPA candidate and will be closely managed by the proposed management team members. A copy of our state license is provided below: BOAR® OF ACCOUNTANCY LICENSING DETAILS FOR: 7083 NAME: CL.IFTONI.ARSONALLEN LLP LICENSE TYPE: CPA - PARTNERSHIPS LICENSE STATUSt CLEAR PREVIOUS NAMES: LARSONALLEN LLP ♦ LARSON, ALLEN, WEISHAIR & CO., LLP ADDRESS 60 S MARKET STREET SAN JOSE CA 95113 SANTA CLARA COUNTY E. Q,Ia gay coIPi,Xo) r('VKi N df) d lA-�a'f revVi vv ISSUANCE DATE JULY 27. 2006 EXPIRATION DATE JULY 31. 2022 CURRENT DATE I TIME JUNE 25 2020 7:3717 AM The most recent peer review report we received expressed a rating of pass, which is the most positive report a firm can receive. We are proud of this accomplishment and its strong evidence of our commitment to technical excellence and quality service. The full report is provided on the following page. In addition to an external peer review, we have implemented an intensive internal quality control system to provide reasonable assurance that the firm and our personnel comply with professional standards and applicable legal and regulatory requirements. Our quality control system includes the following: • A quality control document that dictates the quality control policies of our firm. In many cases, these policies exceed the requirements of standard setters and regulatory bodies. Firm leadership promotes and demonstrates a culture of quality that is pervasive throughout the firm's operations. To monitor our adherence to our policies and procedures, and to foster quality and accuracy in our services, internal inspections are performed annually. • Quality control standards as prescribed by the AICPA. The engagement principal is involved in the planning, fieldwork, and post -fieldwork review. In addition, an appropriately experienced professional performs a risk -based second review of the engagement prior to issuance of the reports. • Hiring decisions and professional development programs designed so personnel possess the competence, capabilities, and commitment to ethical principles, including independence, integrity, and objectivity, to perform our services with due professional care. • An annual internal inspection program to monitor compliance with CLA's quality control policies. Workpapers from a representative sample of engagements are reviewed and improvements to our practices and processes are made, if necessary, based on the results of the internal inspection.