We are pleased to confirm our review of the financial documents and records of the San Diego Chapter of the Risk and Insurance Management Society, Inc. ("The Chapter"). Except as noted below, no discrepancies were found. This review was conducted by the Audit Committee members named below, and included a review of records conducted in accordance with prudent bookkeeping practices. Also, except as noted below, we have not performed any interviews with recipients of payments from the Chapter, nor have we verified the identity of any payee. We have conducted such tests of the documentary evidence provided us as was deemed prudent and reasonable under the circumstances, and we have planned and conducted this review as directed by the Board of Directors of The Chapter. Our review included making judgments about the number of transactions to examine (in accordance with the standing policies and directives of The Chapter), the areas to be examined and tested, and appropriate testing procedures.

Because our review was conducted along reasonable and prudent lines, we cannot certify to any certainty the information contained in the records or statements used, and we do not form an opinion on the financial statements and schedules taken as a whole. Further, our responsibility as the Audit Committee is limited to the period covered by this review, and does not extend to any prior or later period for which a review was not conducted or for which records were not examined. Specifically, this review is not intended, and cannot be relied upon, to disclose any reportable conditions such as deficiencies in the design or operation of internal controls or reporting structures, nor is it designed to and cannot be relied upon to disclose matters which might affect qualification of The Chapter as a tax exempt entity under any State or Federal law, rule, or regulation.

AUDIT COMMITTEE MEMBERS AND SIGNATURES: