Rosenbaum, Rollins & Olah, P.C expects integrity, objectivity, competence and due care from all of its personnel in the conduct of all of its engagements, whatever their nature. We expect independence in fact and appearance in all audit and other engagements where independence is required by applicable laws and regulations and the requirements of professional societies. We take steps to ensure that personnel assigned to engagements, whatever their nature, have the professional and specialized knowledge required to carry out their responsibilities, recognizing that supervisors and other reviewers and consultants can complement that knowledge.

Our Firm is structured to provide leadership in achieving high quality professional performance while maintaining the concept of individual responsibility so necessary to clients and to individuals within the Firm. Rosenbaum, Rollins & Olah, P.C has established policies and procedures that we believe provide assurance that professional engagements are properly planned and executed and that decisions are based on the substance of issues, not on form. Accounting standards cannot deal with all possible situations, and we at all times urge our clients to adopt accounting and reporting policies that we believe are the most appropriate in the circumstances.

Our policies and procedures provide, among other things, for consultation on significant matters and Rosenbaum, Rollins & Olah, P.C has designated partners and other personnel of the Firm whose opinions are to be sought on significant ethical, technical and industry questions. The policies and procedures we have established are designed to assure that our clients receive the best professional services we can provide and that in providing those services we continually keep in mind the public interest in our work. We expect our partners and staff to identify and resolve all important issues relevant to an engagement.

More specifically, to achieve high quality professional performance, and to comply with the membership requirement of the AICPA, Rosenbaum, Rollins & Olah, P.C has adopted policies and procedures that implement the quality control standards for the conduct of accounting and auditing engagements established by the American Institute of Certified Public Accountants. Those policies and procedures relate to the following five elements of quality control, among other matters:

1. Independence, Integrity, and Objectivity: Personnel maintain independence (in fact and in appearance) in all required circumstances, perform all professional responsibilities with integrity, and maintain objectivity in discharging professional responsibilities.
   Those hired possess the appropriate characteristics to enable them to perform competently.
   Work is assigned to personnel having the degree of technical training and proficiency required in the circumstances.
2. Personnel Management: Personnel participate in general and industry-specific continuing professional education and other professional development activities that enable them to fulfill responsibilities assigned, and satisfy applicable continuing professional education requirements of the AICPA and regulatory agencies.
   Personnel selected for advancement have the qualifications necessary for fulfillment of the responsibilities they will be called on to assume.
3. Acceptance and Continuance of Clients and Engagements: The likelihood of association with a client whose management lacks integrity is minimized and the firm undertakes only those engagements that the firm can reasonably expect to be completed with professional competence and appropriately considers the risks associated with providing professional services in the circumstances.
   The work performed by the engagement personnel meets applicable professional standards, regulatory requirements, and the firm's standards of quality.
4. Engagement Performance: The personnel refer to authoritative literature or other sources and consult, on a timely basis, with individuals within or outside the firm, when appropriate (for example, when dealing with complex, unusual, or unfamiliar issues).
5. Monitoring: The policies and procedures established by the firm for each of the elements of quality control are suitably designed and are being effectively applied.

The adequacy of the Firm's quality control system for our accounting and auditing practice and our compliance with that system are independently evaluated every three years through a peer review conducted under the auspices of the Michigan Association of Certified Public Accountants.