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~ AMPER, POLITZINER & MATTIA, P.c. CERTIFIED PUBLIC ACCOUNTANTS and CONSULTANTS RRlDGEW /I. TER. NEW JERSEY (908) 218.5002 2015 LINCOLN HIGHWAY POBOX 9RR EDISON. "J OXX 18-0<)88 NEW YORK. NEW YORK (2)6~2-1600 HACKENSACK. NEW JERSEY (201) 678-1400 PRINCETON. NEW JERSEY /6091897.0200 PHONE: 1732) 287-1000 FA;>;;: 1732) 287-3200 WWW AM PER. COM WALL. NEW JERSEY (732\ 919-1400 WHITE PLAINS. NEW YORK (914) 946-9650 To the Partners of Rachlin LLP (flk/a Rachlin Cohen & Holtz LLP) And the Center for Public Company Audit Firms Peer Review Committee We have reviewed the system of quality control for the accounting and auditing practice of Rachlin LLP (f1k/a Rachlin Cohen & Holtz LLP) (the firm) applicable to non-SEC issuers in effect for the year cnded April 30,2007. The finn's accounting and auditing practice applicable to SEe issuers was not reviewed by us since the Public Company Accounting Oversight Board (PCAOB) is responsible for inspecting that portion of the firm's accounting and auditing practice in accordance with PCAOB requirements. A system of quality comrol encompasses the finn' s organizational structure and {he policies adopted and procedures established to provide it with reasonable assurance of complying with professional standards. The elements of quality control are described in the Statements on Quality Control Standards issued by the American Institute of Certified Public Accountants (the AICP A). The design of the system, and compliance with it, are the responsibilities of the film. Our responsibility is to express an opinion on the design of the system, and the firm's compliance with that system based on our reVIew. Our review was conducted in accordance with standards established by the Peer Review Committee of the Center for Public Company Audit Finns and included procedures to plan and perform the review that are summarized in the attached description of the peer review process. Our review would not necessarily clisclose ::Ill weaknesses in the system of quality control or all instances of lack of compliance with it since it was based on selective tests. Because there are inherent limitations in the effectiveness of any system of quality control, departures from the system may occur and not be detected. Also, projection of any evaluation of a system of quality control to future periods is subject to the risk that the system of quality control may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. In our opinion, the system of quality control for the accounting and auditing practice applicable to the non-SEC issuers of Rachlin LLP (flk/a Rachlin Cohen & Holtz LLP) in effect for the year ended ApJil 30,2007, has been designed to meet the reqUirements ot the quality control standards tor an accountmg and auditing practice established by the AICPA. and was complied with dUling the year ended to provide the firm with reasonable assurance of complying with applicable professional standards. ~ J..'~II....rolc"''','''''b~',,' B^KER TILLY INTERNATIONAL