Engagement Letter 2016 Audit.pdf - Willis Adams P.C Boise Idaho Mr Chad Simon Chair Audit Committee EarthWear Clothiers P.O Box 787 Boise Idaho 83845

Engagement Letter 2016 Audit.pdf - Willis Adams P.C Boise...

This preview shows page 1 - 2 out of 3 pages.

Mr. Chad Simon Chair, Audit Committee EarthWear Clothiers P.O. Box 787 Boise. Idaho 83845 Dear Mr. Simon: Willis & Adams, P.C. Boise, Idaho April 1, 2015 The purpose of this letter is to confirm our understanding of the terms of our engagement as independent accountants of EarthWear Clothiers (the "Company"). Integrated Audit of the Financial Statements and Internal Control Over Financial Reporting-Services and Related Report We will perform an integrated audit of the consolidated financial statements of the Company at December 31, 2015, and for the year then ending and of the effectiveness of the Company's internal control over financial reporting as of December 31, 2015. Upon completion of our audits, we will provide you with our audit report on the audit work referred to above. If for any reason we are unable to complete our integrated audit or are unable to form or have not formed an opinion, we may decline to express an opinion or decline to issue a report as a result of this engagement. In conjunction with the financial statement audit, we will perform reviews of the Company's unaudited consolidated quarterly financial statements for each of the first three quarters in the year ending December 31, 2015, before the Form 10-0 is filed. These reviews will be conducted in accordance with standards established by the Public Company Accounting Oversight Board (PCAOB), and are substantially less in scope than an audit. Accordingly, a review may not reveal material modifications necessary to make the quarterly financial informa-tion conform with generally accepted accounting principles. We will communicate to the audit committee and management any matters that come to our attention as a result of the review that we believe may require material modifications to the quarterly financial information to make it conform with accounting principles generally accepted in the United States. If for any reason relating to the affairs or manage-ment of the Company we are unable to complete our review, we will notify the audit committee and management. Our Responsibilities and Limitations The objective of a financial statement audit is the expression of an opinion on the financial statements. We will be responsible for perform-ing the audit in accordance with the standards established by the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether caused by error or fraud. The audit will include examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presenta-tion. We will consider the Company's internal control over financial reporting in determining the nature, timing, and extent of auditing procedures necessary for expressing our opinion on the financial statements.
Background image
Image of page 2

You've reached the end of your free preview.

Want to read all 3 pages?

  • Spring '14
  • audit committee

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture