BALDWIN CPAS www.baldwincpas.com
Report on the Firm’s System of Quality Control
January 17, 2018
To the Owners of Mather & Co. CPAs, LLC
and the Peer Review Committee of the Illinois CPA Society
We have reviewed the system of quality control for the accounting and auditing practice of Mather
& Co. CPAs, LLC (the firm) in effect for the year ended May 31, 2017. Our peer
review was conducted in accordance with the Standards for Performing and Reporting on Peer
Reviews established by the Peer Review Board of the American Institute of Certified Public
Accountants (Standards).
A summary of the nature, objectives, scope, limitations of, and the procedures performed
in a System Review as described in the Standards may be found at www.aicpa.org/prsummary.
The summary also includes an explanation of how engagements identified as not performed or
reported in conformity with applicable professional standards, if any, are evaluated by a
peer reviewer to determine a peer review rating.
Firm’s Responsibility
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 conformity with
applicable professional standards in all material respects. The firm is also responsible
for evaluating actions to promptly remediate engagements deemed as not performed or reported
in conformity with professional standards, when appropriate, and for remediating weaknesses in it
system of quality control, if any.
Peer Reviewer’s Responsibility
Our responsibility is to express an opinion on the design of the system of quality control and
the firm’s compliance therewith based on our review.
Required Selections and Considerations
Engagements selected for review included an engagement performed under Government
Auditing Standards, including a compliance audit under the Single Audit Act and audits of employee
benefit plans.
As part of our peer review, we considered reviews by regulatory entities as communicated by the
firm, if applicable, in determining the nature and extent of our procedures.Opinion
In our opinion, the system of quality control for the accounting and auditing practice
of Mather & Co. CPAs, LLC in effect for the year ended May 31, 2017, has been suitably designed
and complied with to provide the firm with reasonable assurance of performing and
reporting in conformity with applicable professional standards in all material
respects. Firms can receive a rating of pass, pass with deficiency(ies), or fail.
Mather & Co. CPAs, LLC has received a peer review rating of pass.
Baldwin CPAs, PLLC
713 West Main Street P.O. Box 1390 Richmond, KY 40475 Phone: (859) 626-9040 Fax: (859)
626-8522
