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Unformatted text preview: ANDERSON, OLDS, AND WATERSHED, CPAs Chicago, Illinois 60612 December 18, 2009 Mr. Kevin Chen Peach Blossom Cologne Company 1308 Bee Hive Boulevard Chicago, Illinois 60615 Dear Mr. Chen: This will confirm our understanding of the arrangements of our audit of the financial statements of Peach Blossom Cologne Company for the year ending December 31, 2009 . We will audit the companys financial statement for the year ending December 31, 2009 , for the purpose of expressing an opinion on the fairness with which they present, in all material respects, the financial position, results of operations, and cash flows in conformity with generally accepted accounting principles. We will conduct our audit in accordance with generally accepted auditing standards. Those standards require that we obtain reasonable, rather than absolute, assurance that the financial statements are free of material misstatement, whether caused by error or fraud. Accordingly, a material statements are free of material misstatement, whether caused by error or fraud....
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- Spring '10