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IlM SL MOORE STEPHENS LOVELACE cFAs a ADVISORS IIMANDATORY REQUIREMENTS II Independence As part of our quality control procedures, we ensure the independence of our Firm and the assigned audit team under AICPA and Government Auditing Standards for every client for whom we perform Q attest engagements. This verification process is performed and documented at the start of every audit we perform. MSL is independent of the City of Sunny Isles Beach and its component units, as defined by the U.S. General Accounting Office's (GAO) Government Auditing Standards. OLicense to Practice in Florida MSL is properly licensed as a certified public accounting firm in the State of Florida, and all assigned key professional staff are properly licensed to practice in Florida. MSL is a Florida Corporation, EIN #59- p3070669. Copies of all licenses are available upon request. Firm's Professional Development Program and Indication of Compliance 1 All members of the governmental audit staff of our Firm and audit Team members assigned to this engagement, regardless of their individual roles of responsibility, are in compliance with the CPE requirements set forth in Government Auditing Standards ("GAGAS"), issued by the Comptroller General I of the United States, as well as the requirements of the Florida Board of Accountancy. In addition, we are in compliance with the applicable provisions of the Florida Statutes ` ' L that require CPAs to meet CPE requirements prior to proposing on �`v ER ti.... ....4..I governmental audit engagements. It is our objective to provide our professional staff at least 50 hours of • • I comprehensive CPE each year. This is accomplished by attending seminars throughout the United States and is reinforced through in-house training ; at our own MSL Universityfirmwide trainingprogram. University �� Our MSL 1% _ C. programs are often open to our clients at no charge, so you can also fulfill IG'iNYOU� some of your CPE requirements throughout the year. All of our professional staff, including the auditor in charge of your engagement, meet the educational Irequirements set forth under Florida Statutes. Specific details of relevant continuing professional education and local governmental audit experience are found in each staff member's individual résumé. I External Quality Control Review Quality control in any CPA firm can never be taken for granted. It requires a continuing commitment to professional excellence. We are formally dedicated to that commitment. 1 Our Firm recognizes the long-term significance of developing a formal quality control program. In an effort to continue to maintain the standards of working excellence required by our Firm, we are I members of the Private Companies Practice Section (PCPS), the Center for Audit Quality (CAQ), and the Governmental Audit Quality Center(GAQC) of the AICPA. To be a participating member firm, you must obtain an independent compliance review of your firm's quality control policies and procedures every three years to ascertain compliance with existing auditing standards on the applicable engagements. I The scope of the peer review is comprehensive, in that, it specifically reviews the quality control policies and procedures of the participating firm's accounting and auditing practice, including its work product in various client industries. We believe that our commitment to the program has been rewarding not only to our Firm, but primarily to our clients. r_ 1 �-." 31 1