PEER REVIEWS

December 10, 2010

To the Shareholders of
Malvin, Riggins & Company, P.C.
and the VSCPA Peer Review Committee

We have reviewed the system of quality control for the accounting and auditing practice of Malvin,
Riggins & Company, P.C. (the firm) in effect for the year ended July 31, 20 I 0. Our peer review was
conducted in accordance with the Standards for Perfo1ming and Reporting on Peer Reviews established
by the Peer Review Board of the American Institute of Certified Public Accountants. The firm is
responsible for designing a system of quality control and complying with it to provide the firm with
reasonable assurance of performing and reporting in confonnity with applicable professional standards in
all material respects. Our responsibi lity is to express an opinion on the design of the system of quality
control and the firm’s compliance therewith based on our review. The nature, objectives, scope,
limitations of, and the procedures performed in a System Review are described in the standards at
www.aicpa.org/prsummarv.

As required by the standards, engagements selected for review included an engagement performed under
the Government Auditing Standards and an audit of an employee benefit plan.

In our opinion, the system of quality control for the accounting and auditing practice of Malvin, Riggins
& Company, P.C. in effect for the year ended July 31, 20 I 0, has been suitably designed and complied
with to provide the firm with reasonable assurance of pcrfonning and reporting in conformity with
applicable professional standards in all material respects. Firms can receive a rating of pass, pass with
deflciency(ies), or fail. Malvin, Riggins & Com puny, P.C. has received a peer review rating of pass.

–Andrews, Barwick, & Lee


January 24, 2011

Dear Mr Caldwell:

It is my pleasure to notify you that on January 17. 2011 the Virginia Society of CPAs Peer
Review Committee accepted the report on the most recent system peer review of your firm. The
due date for your next review is January 31, 2014. This is the date by which all review
documents should be completed and submitted to the administering entity. If your due date falls
between January and April, you can arrange to have your review a few months earlier to avoid
having a review during tax season.

As you know, the report had a peer review rating of pass. The Committee asked me to convey its
congratulations to the firm.

Sincerely,
–Darshae L. Dabney
Technical Services Coordinator