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MLG & Associates

New York Mansion,


Quezon City, Philippines

Tel. no: 5621443


Fax: 5648237
BOA/PRC Reg. No. 0004
SEC Accreditation No. 0012FR-1

LETTER OF AUDIT ENGAGEMENT

To the Board of Directors of TNM Styropor Industries Inc.:


You have requested that we audit the balance sheet as of December 31,
200B and the related statements of income and changes in stockholders
equity for the year ending of TNM Styropor Industries Inc. we are pleased to
confirm our acceptance and our understanding of this engagement means of
this letter. Our audit will be made with the objective of our expressing of an
opinion on the financial statements.
We will conduct our audit in accordance with the Philippine Standards on
Auditing. Those standards require that we plan and perform the audit to
obtain reasonable assurance that the financial statements are free from
material misstatements. Our audit includes examining, on a test basis,
evidence supporting the 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 presentation.
Because of the test nature and other inherent limitations of an audit together
with inherent limitations of any accounting internal and control systems,
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 separate letter concerning any material weaknesses in your
accounting and internal control systems which come to our knowledge.
We remind you that the responsibility for the preparation of the financial
statements including adequate disclosure is that of the management of the
company. This includes the maintenance of adequate accounting records and
internal controls, the selection and application of accounting policies; and the
safeguarding of the assets of the company. As part of our audit process, we
will request management written confirmation concerning made to us in
connection with the audit.

MLG & Associates


New York Mansion,
Quezon City, Philippines

Tel. no: 5621443


Fax: 5648237
BOA/PRC Reg. No. 0004
SEC Accreditation No. 0012FR-1

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
that are requested in connection with our audit. Our fees, which will be billed
as work progresses, are based on the time required by the individuals
assigned to the engagement plus out-of-pocket expenses. Individual hourly
rates vary according to the degree of responsibility involved and the
experience and skill required.
This letter will be effective for future years unless it is terminated, amended,
and superseded.
Please sign and return the attached copy of this letter to indicate that it is
accordance with your understanding of the arrangements for our audit of the
financial statements.

By:

Rodeth Cea
Mary Rodeth E. Cea
PARTNER
CPA Certificate No. 102592
SEC Accreditation No. 1025-RA-3
Tax Identification No. 785-456-478
Acknowledged on behalf of TNM Styropor Industries Inc.
Signed
Mr. Thaddeo Garcia
President and Chairman of the Board

MLG & Associates


New York Mansion,

December
28, 200B
Quezon City, Philippines

Tel. no: 5621443


Fax: 5648237
BOA/PRC Reg. No. 0004
SEC Accreditation No. 0012FR-1