SOX 404 ASSIGNMENT and CRITICAL AUDIT MATTERS

Company:Shenandoah Telecommunications Co (NMS: SHEN)

Instructions: For the Company Assigned in the GAAP Assignment please obtain copies of the 10-K for the three years (year one is the date indicated in a column of the spreadsheet (Column "AN") and the two subsequent years). Specifically you are looking for the disclosures under Item "9A" labeled Controls & Procedures in the 10-K. Please review the Item 9A Disclosures for each year and indicate what Internal Control issues exist for your company for each year. Also note Management's Assessment of Internal Control and the External Auditor's opinion provided. DO NOT CUT and PASTE. Complete the following table based on the information found: You MUST attach the COMPLETE PDF version of the 10-K for all three (3) years to your submission. Therefore there should be FOUR (4) attachments (Three PDFs and One Word Doc).

Years and Number of Material Weaknesses: Year-1 __2023__ #MW _____, Year-2 _2022_, #MW _____, Year-3 __2021 , #MW _____.

Year	Description of Material Weakness #1	Description of Material Weakness #2	Description of Material Weakness #3
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______
______

Year	Description of Material Weakness #4	Description of Material Weakness #5	Description of Material Weakness #6
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______
______

(IF NEEDED)

Year	Description of Material Weakness #7	Description of Material Weakness #8	Description of Material Weakness #9
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______
______

Year	Description of Material Weakness #10	Description of Material Weakness #11	Description of Material Weakness #12
______
______
______

Year	Description of Material Weakness #13	Description of Material Weakness #14	Description of Material Weakness #15
______
______
______

TYPE of AUDIT OPINION:

Impact on Audit	Auditor's Opinion on IC	Auditor's Opinion on F/S	Comments (if any)
______
______
______

WHEN (Which Year) WAS THE REMEDIATION PROCESS COMPLETE for ALL of the Material Weakness found in the first year? (if the MW persist at the end of the three-years simply indicate which MW are ongoing. _______________________.

CRITICAL AUDIT MATTERS: For the last two years it has been Mandatory that Critical Audit Matters (CAMs) be identified and reported in the body of the Audit Opinion. Please indicate the CAMs for your Company for the past TWO YEARS! If multiple CAMs were shown please include all in that year (use your own words, do not simply cut and paste).

Year	#CAMs	Description of Critical Audit Matter(s)

Reference: https://pcaobus.org/Standards/Documents/Implementation-of-Critical-Audit-Matters-The-Basics.pdf

https://www.cpajournal.com/2021/03/31/a-summary-of-early-critical-audit-matter-reporting/

https://www.aicpa.org/resources/article/guide-to-reporting-on-critical-audit-matters

https://pcaob-assets.azureedge.net/pcaob-dev/docs/default-source/standards/documents/implementation-of-critical-audit-matters-deeper-dive.pdf?sfvrsn=8b5ea00b_0