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    Jyp Cpas Auditing Firm #20 23Rd St. Brgy. Godswill Quezon City

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    Kial Pacheco
    This letter confirms that JYP CPAs Auditing Firm will conduct an audit of BNY Corporation's balance sheet as of December 31, 2019 according to Philippine Standards on Auditing. The audit will test amounts and disclosures in the financial statements to obtain reasonable assurance about whether they are free of material misstatements. Management is responsible for preparing the financial statements and internal controls, while JYP CPAs will examine evidence and assess accounting principles, estimates, and overall representation. Fees will not exceed 150,000 pesos and additional time will be discussed with the client.

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    Jyp Cpas Auditing Firm #20 23Rd St. Brgy. Godswill Quezon City

    Uploaded by

    Kial Pacheco
    33 views4 pages
    This letter confirms that JYP CPAs Auditing Firm will conduct an audit of BNY Corporation's balance sheet as of December 31, 2019 according to Philippine Standards on Auditing. The audit will test amounts and disclosures in the financial statements to obtain reasonable assurance about whether they are free of material misstatements. Management is responsible for preparing the financial statements and internal controls, while JYP CPAs will examine evidence and assess accounting principles, estimates, and overall representation. Fees will not exceed 150,000 pesos and additional time will be discussed with the client.

    Original Title

    ENGAGEMENT-LETTER-FOR-CHECKING

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    This letter confirms that JYP CPAs Auditing Firm will conduct an audit of BNY Corporation's balance sheet as of December 31, 2019 according to Philippine Standards on Auditing. The audit will test amounts and disclosures in the financial statements to obtain reasonable assurance about whether they are free of material misstatements. Management is responsible for preparing the financial statements and internal controls, while JYP CPAs will examine evidence and assess accounting principles, estimates, and overall representation. Fees will not exceed 150,000 pesos and additional time will be discussed with the client.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    33 views4 pages

    Jyp Cpas Auditing Firm #20 23Rd St. Brgy. Godswill Quezon City

    Uploaded by

    Kial Pacheco
    This letter confirms that JYP CPAs Auditing Firm will conduct an audit of BNY Corporation's balance sheet as of December 31, 2019 according to Philippine Standards on Auditing. The audit will test amounts and disclosures in the financial statements to obtain reasonable assurance about whether they are free of material misstatements. Management is responsible for preparing the financial statements and internal controls, while JYP CPAs will examine evidence and assess accounting principles, estimates, and overall representation. Fees will not exceed 150,000 pesos and additional time will be discussed with the client.

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    JYP CPAs Auditing Firm

    #20 23rd St. Brgy. Godswill Quezon City

    _____________________________________________________________________________________
    _________

    ATTY. JULIETH Y. PRIAS, CPA


    JYP CPAs Auditing Firm
    #20 23rd St. Brgy. Godswill
    Quezon City, 1126

    March 3, 2019

    MS. STEPHANIE ARCANGEL, CEO


    BNY Corporation
    #07 Lucky St. Brgy. Pasado
    Quezon City, 1220

    RE: Accounting Engagement

    Dear Ms. Arcangel:

    This letter is to confirm the terms and objectives of my engagement as an accountant


    from JYP CPAs Auditing Firm including the limitations of the services I will provide to
    BNY Corporation.

    With the information provided by your company, I will compile the balance sheet,
    income, retained earnings and cash flow of BNY Corporation for the year December 31,
    2019. I will also prepare the state income tax for that year. I will update my previous
    compilation report for the prior year financial statements. I will do this in accordance with
    the Philippine Standards on Auditing.

    I will not review or audit these statements and will not express an opinion or give any
    other form of assurance on them. The services will be completed one month after the
    end of the year. If I am unable to complete the compilation of your Company’s financial
    statements, I will not issue a compilation report on such statements. It is not part of my
    engagement to disclose errors or irregularities or any illegal acts including defalcations
    or fraud that may exist. However, if I see any obvious material errors, I will report them
    to the management. 

    My fee will depend on the number of hours my staff needs to fulfill the above
    JYP CPAs Auditing Firm

    #20 23rd St. Brgy. Godswill Quezon City

    _____________________________________________________________________________________
    _________

    requirements. If there is some reason why my staff needs more time to complete the
    above tasks, I will discuss it with you first.

    I am happy to offer my financial services and to work with your company. I will provide
    the above mentioned services to the best of my ability.

    If you have any questions, I can be reached at 09166224935 or


    juliethprias.jypcpasauditing.ph.

    If this letter complies with your understanding of my engagement, please sign the
    included copy of this letter and return it to me. 

    Sincerely,

    __________________________

    ATTY. JULIETH Y. PRIAS, CPA

    List of Enclosures: Copy of the letter

    ________________________

    STEPHANIE ARCANGEL, CEO

    MARCH 5, 2019
    JYP CPAs Auditing Firm

    #20 23rd St. Brgy. Godswill Quezon City

    _____________________________________________________________________________________
    _________

    March 3, 2019

    Stephanie Arcangel, CEO


    BNY Corporation
    #07 Lucky St. Brgy. Pasado
    Quezon City, 1220

    RE: Accounting engagement

    Dear Ms. Arcangel:

    We are pleased to confirm the acceptance and our understanding of this engagement
    by means of this letter. We will conduct an audit to your balance sheet as of December
    31, 2019 and we will conduct it in accordance to the Philippine Standards on Auditing
    that requires performing an audit to obtain reasonable assurance about whether the
    financial statements are free of material misstatements.

    JYP CPAs Auditing firm will also include examining, on a test basis, evidence
    supporting amounts and disclosures in the financial statements. Our audit also includes
    assessing the accounting principles used and significant estimates made by
    management, as well as evaluating the overall financial statements representation.

    Because of the test nature and other inherent limitations of an audit together with the
    inherent limitations of any accounting and internal control system, there is an
    unavoidable risk that even some material misstatements may remain undiscovered. In
    addition to our report on the financial statements, we expect to provide you with a letter
    concerning any material weaknesses in accounting and internal control systems which
    come to our notice.

    We remind your company that the responsibility for the preparation of financial
    statements including adequate disclosure is that of the management of the company.

    We look forward to full cooperation with your staff and we trust that they will make
    available to us whatever records; documentation and other information are requested in
    connection to our audit.

    Our fees will depend on the number of hours our staff needs to fulfill the above
    JYP CPAs Auditing Firm

    #20 23rd St. Brgy. Godswill Quezon City

    _____________________________________________________________________________________
    _________

    requirements. As we discussed earlier, the fee may not exceed to one hundred fifty
    thousand pesos (P150, 000). If there is some reason why my staff needs more time to
    complete the above tasks, I will discuss it with you first. 

    JYP CPAs Auditing Firm is glad to offer our financial services and to work with your
    company. We will provide the above mentioned services to the best of our ability.

    If this letter complies with your understanding of our engagement, please sign the
    included copy of this letter and return it to us. 

    JYP CPAs Auditing Firm

    Acknowledged on behalf of BNY Corporation

    ___________________________

    STEPHANIE ARCANGEL, CEO

    March 5, 2019

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