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LILTS BERGEROT , AFFILIATES 4-1 Qualified Public AccountantsCW 11/23/2012 Marine City, Fl 33140 March 30, 2012 Mr. Jesse Phillips, Leader Oceanvien Sea Company 36 Clearwater Lake Road Sea City, California 33140 Dear Mr. Phillips: This letter is to validate our knowledge of the conditions of our proposal as the auditors of Oceanview Ocean Company for the year finished December thirty-one, 2012.
We all will examine the company’s “balance sheet” for January 31, 2012, and the related statements of income, stored earnings, and cash goes for 12 months then concluded.
The purpose of each of our audit is always to form an impression as to whether the statements above are fairly presented according to accounting guidelines generally acknowledged in the United States of America. We all will assessment the company’s government and point out income tax returns for the fiscal yr ended Dec 31, 2012. In addition , we are available to seek advice from you regarding the tax effects of any orders or within company plans.
Our examine opinion will be based on our examination, made on a test basis, of your records, documents, assets, and equities. We will not examine all transactions, assets, or equities in detail, and the examination must not be relied onto detect every errors, fraud, or unlawful acts that may have taken place. Notwithstanding, ought to we discover material misstatements resulting from problem, fraud, or perhaps illegal acts during the audit, they are disclosed for you. Please note that management in the company has the primary 4-2
CW 11/23/2012 responsibility intended for maintaining adequate accounting documents, for the safeguarding of assets, and for the preparing of appropriate financial transactions. If, for any reason, our company is unable to finish the taxation or are struggling to form and have not created an opinion, we might decline to convey an opinion or decline to issue a written report as a result of the engagement. The timing of the services is definitely scheduled to get performance and completion the following: Begin fieldworkDecember 15, 2012 Completion of fieldworkMarch 15, 2013
Delivery of management letterMarch 22, 2013 Delivery of audit reportMarch 29, 2013 Delivery of tax returnsMarch 29, 2013 It is arranged that the staff will give you assistance with the preparation of information and by providing documents and records since needed. Our fees will be based on the standard hourly rates. Accounts will be published periodically since the work advances and are payable upon business presentation. Should we find any conditions that could substantially affect each of our initial predicted total service fees of $21, 000, we all will alert you instantly.
If the over terms will be acceptable, as well as the services discussed are relative to the company’s requirements, please sign the replicate of this page in the space provided and return this to us. 4-3 CW 11/23/2012 Yours very truly, Per: Charles Ward Charles Ward, CERTIFIED PUBLIC ACCOUNTANT Partner The services set out inside the foregoing notice are in accordance with our requirements. The conditions set out happen to be acceptable to us and are hereby agreed to. Per: Jesse Phillips Donald Phillips, Director Oceanview Sea Company Nov 10, 2012