Testimonials

Peer Review Program
for the American Institute of Certified Public Accountants and Texas Society of Certified Public Accountants Administered by the Texas Society of CPAs

AICPA
CPA Texas Society of Certified Public Accountants


July 25, 2006

FINAL ACCEPTANCE LETTER

William O. Lyon, CPA
Owen Lyon & Associates 385 W Main St
Lewisville, TX 75057-3867


Dear Mr. Lyon:

It is my pleasure to notify you that on July 24, 2006, the Texas Society of CPAs 2006-07 Peer Review Committee accepted the report on the most recent peer review of your firm. The due date for your next review is May 31, 2009 unless the firm at any time after the year end of this peer review performs, or is engaged to perform, any engagements under the Statements on Auditing Standards, Government Auditing Standards or examination engagements under the Statements on Standards for Attestation Engagements. This is the date by which all review documents should be completed and submitted to the administering entity.

Should you perform, or become engaged to perform, any engagements referred to in the previous paragraph, you must immediately notify us so we may determine if the firm should have a different due date that includes such engagements in accordance with the Standards for Performing and Reporting on Peer Reviews.

The Committee asked me to convey its congratulations to the firm on the results of your review. As you know, the reviewer's opinion was unmodified.

Sincerely,

AICPA

Jerry L. Cross, CPA
Director, Peer Review

cc: Richard Kent Knapp, CPA

Firm Number: 10136107 Review Number: 233969
14651 Dallas Parkway, Suite 700, Dallas, TX 75254-7408. (972) 687-8500. (800) 428-0272. Fax (972) 687-8575
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