Scott B. Price, CPA

SBP & Co Registered with the PCAOB

September 15, 2009

SBP & Co is proud to announce that we are registered with the Public Company Accounting Oversight Board (the "PCAOB"). The PCAOB is a private sector, nonprofit corporation, created by the Sarbanes-Oxley Act of 2002, to oversee the auditors of public companies in order to protect the interests of investors and further the public interest in the preparation of informative, fair and independent audit reports.

SBP & Co's audit practice includes certification of financial statements for registered broker-dealers. When the SEC order granting temporary exemption to non-issuer broker-dealers from filing financial statements that have been audited by a PCAOB registered public accounting firm expired earlier this year, many auditors previously engaged by broker-dealer's decided not to register with the PCAOB and resigned as auditors of record for their broker-dealer clients. Our assurance team, however, decided to take a "best practices" approach in order to meet the needs of our clients and hold ourselves to the high professional standards required by the PCAOB.

As proud members of the PCAOB, we look forward to continuing to serve our existing broker-dealer clients as well as accept new broker-dealer audit engagements. Please contact Erin Hastings 415-398-5900 for more information on our Broker/Dealer audit and tax services.