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Attachment to the Peer Review Report of Marcum & Kliegman, LLP Description ofthe Peer Review Process Overview Finns enrolled in the AICP A Center for Public Company Audit Finns (the Center) Peer Review Program have their system of quality control periodically reviewed by independent peers. These reviews are system and compliance oriented with the objectives of evaluating whether: The reviewed firm's ~ystem of quality control for its accounting and auditing practice applicable to non-SEC issuers has been designed to meet the requirements of the Quality Control Standards established by the AICP A. The reviewed finn's quality control policies and procedures applicable to non-SEC issuers were being complied with to provide the firm with reasonable assurance of complying with professional standards. A peer review is based on selective tests and directed at assessing whether the design of and compliance with the firm's system of quality control for its accounting and auditing practice applicable to non-SEC issuers provides the firm with reasonable, not absolute, assurance of complying with professional standards, Consequently, a peer review on the firm's system of quality control is not intended to, and does not, provide assurance with respect to any individual engagement conducted by the firm or that none of the financial statements audited by the firm should be restated. The Center's Peer Review Committee (pRe) establishes and maintains peer review standards. At regular meetings and through report evaluation task forces, the PRC considers each peer review, evaluates the reviewer's competence and performance, and examines every report, letter of comments, and accompanying response from the reviewed firm that states its corrective action plan before the peer review is finalized. The Center's staff plays a key role in overseeing the performance of peer reviews working closely with the peer review teams and the PRC, Once the PRC accepts the peer review reports, letters of comments, and reviewed firm's responses, these documents are maintained in a file available to the public. In some situations, the, public file also includes a signed undertaking by the finn agreeing to specific follow-up action requested by the PRC. Firms that perform audits or playa substantial role in the audit of one or more SEC issuers, as defined by the Public Company Accounting Oversight Board (PCAOB), are required to be registered with and have their accounting and auditing practice applicable to SEe issuers inspected by the PCAOB. Therefore, we did not review the firm's accounting and auditing practice appiicable to SEC issuers. Planning the Review for the Firm's Accounting and Auditing Practice Applicable to Non-SEe Issuers To plan the review of Marcum & Kliegman, LLP, we obtained an understanding of (1) the nature and extent of the finn's accounting and auditing practice, and (2) the design of the' firm's system of quality control sufficient to assess the inherent and control risks implicit in its practice. Inherent risks were assessed by obtaining an understanding of the firm's practice, such as the industries of its clients and other factors of complexity in serving those clients, and the organization of the finn's personnel into practice units. .Control risks were assessed by obtaining an understanding of the design of the finn's system of quality control, including its audit methodology, and monitoring procedures. Assessing control risk is the process of evaluating the effectiveness o~ the reviewed firm's system of quality control in preventing the performance of engagements that do not comply with professional standards.