CVM/SNC Circular Letter 02/01

CVM/SNC CIRCULAR LETTER NO. 02/01.
Rio de Janeiro, September 28, 2001.
Subject: External Quality Control Program

Dear Sir,

Articles 32 and 33 of CVM Instruction No. 308/99 establish that independent auditors must implement an internal quality control program, in addition to submitting to a review of their quality control, which will be carried out by another independent auditor.

2. It should be noted that, in a plenary meeting held on 09/12/2001, the Federal Council of Accounting approved Resolution CFC No. 910/01, regulating the external quality review program, establishing forms of procedure and deadlines to be met by independent auditors to comply with the aforementioned standard. This Resolution was published in the Official Gazette of the Union on 09/14/2001.

3. Considering the provisions of the aforementioned Resolution and to comply with Article 33 of CVM Instruction No. 308/99, we communicate that the first external quality review must occur within the following deadlines:
   for the 10 (ten) firms or individual auditors with the highest number of publicly-held company clients, by December 31, 2001; for the next 50 (fifty) firms or individual auditors, applying the same criterion, by June 30, 2002, and for the remaining firms or individual auditors by October 31, 2002.

4. In view of the above and considering the Periodic Information for the year 2001, base year 2000, submitted to this Autarchy, we inform you that, in your case, the deadline for carrying out the first external quality review must occur by June 30, 2002.

5. Incidentally, we remind you that, according to the provisions of §2 of Article 33 of CVM Instruction No. 308/99, the reviewing auditor must send a copy of the quality control review report to the CVM by October 31 of the year in which the review takes place.

6. We highlight that non-observance of the deadlines mentioned in paragraph 3 above will result in the application of penalty fines in accordance with CVM Instruction No. 273/98.

7. We also inform you that Resolution CFC No. 910/01 can be obtained on the site http://www.cfc.org.br, or on our site, http://www.cvm.gov.br/normas contábeis e de auditoria/auditores independentes/resumo das normas de registro/controle de qualidade externo.

Sincerely,

ANTÔNIO CARLOS DE SANTANA
Superintendent of Accounting and Auditing Standards

INDEPENDENT AUDITORS WHOSE FIRST EXTERNAL QUALITY REVIEW MUST OCCUR BY JUNE 30, 2002:

Individuals:
ANTONIO GOMES MARTINS
FRANCISCO ASSIS DE SOUSA
JORDÃO ANDRÉ PESCH
JOSE ROBERTO DOWSLEY CORREIA DE AMORIM MANUEL NASCIMENTO DA COSTA PLÁCIDO BALBINO PIMENTEL FILHO REYNALDO DE SOUZA MELLO

Legal Entities:
ACAL CONSULTORIA AUDITORIA SC ACTUS AUDITORES INDEPENDENTES SC ADCON AUDITORIA CONTÁBIL DE EMPRESAS SC AKW S/C AUDITITORES INDEPENDENTES ALONSO, BARRETO & CIA. AUDITORES INDEPENDENTES APPLY AUDITORES ASSOCIADOS SC ARC & ASSOCIADOS AUDITORES INDEPENDENTES SC ASSESSORA – ASSESSORES E AUDITORES SC ASSETE AUDITORES INDEPENDENTES SC AUDIMAR AUDITORES INDEPENDENTES SC AUDIN AUDITORES INDEPENDENTES S/C AUDIPEC AUDITORIA E PERÍCIA CONTÁBIL SC AUDIPER AUDITORES INDEPENDENTES AUDITAN AUDITORES INDEPENDENTES AUDITOR AUDITORES INDEPENDENTES S/C AUDIVA AUDITORES INDEPENDENTES S/C AUDSERVICE AUDITORES ASSOCIADOS SC BAUER, LOPES & ASSOCIADOS S/C BDO DIRECTA AUDITORES SC BENDORAYTES AIZENMAN & CIA. AUD. INDEPENDENTES BIANCHESSI & CIA. AUDITORES CASTRO, SERRA, NIRDO AUDITORES INDEPENDENTES SC CLAUDIO BIANCHESSI & ASSOC. AUDITORES S/C CONFIDOR AUDITORES ASSOCIADOS

CONTROLE AUDITORES INDEPENDENTES DIRECTIVOS SC AUDITORES INDEPENDENTES ETAE AUDITORES INDEPENDENTES S/C EXACTO AUDITORIA SC FERNANDO MOTTA & ASSOC. AUD. INDEP. FONTELES AUDITORES INDEPENDENTES S/C GAMA & CIA AUDITORES INDEPENDENTES SC GAPLAN AUDITORIA EXTERNA SC GWM AUDITORES E CONSULTORES SC HANDEL, BITTENCOURT & CIA. AUD. INDEP. HLB AUDILINK & CIA. AUDITORES IMATEO AUDITORIA E CONSULTORIA S/C JUSTUS AUDITORES INDEPENDENTES KFE AUDITORES E CONSULTORES ASSOC. KOLIVER DIAS CIA. AUDITORES ASSOCIADOS LOUDON BLOMQUIST AUD. INDEP. MÉRITO AUDITORES INDEPENDENTES MOORE STEPHENS LM AUD. INDEP. MULLER BAZZANEZE & CIAD AUD. NARAZZAQUI & CIA. AUDITORES NARDON NASI & CIA. AUD. INDEP. OPINION AUDITORES E CONSULTORES S/C PADRÃO AUDITORIA S/C PAES DE MENEZES AUD. INDEP. SC PAIVA & HERNANDEZ AUD. INDEP. PALÁCIOS & CIA. AUD. INDEP. S/C PEPPE & ASSOCIADOS AUD. INDEP. R & R AUDITORIA E CONSULTORIA S/C RODYO'S AUDITORES INDEPENDENTES SC ROKEMBACH & CIA. AUDITORES RUBEN M SCHMITZ CIA. AUD. ASSOC. RUSSEL BEDFORD BRASIL AUD. INDEP. SÁ LEITÃO AUDITORES S/C SANTANA & SOUSA S/C AUD. INDEP.

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