NON-PUBLIC STANDARD AUDIT REPORT

Independent Auditor’s report

TO:BOD

ABC COMPANY

We have audited the accompanying balance sheets of ABC company as of December 31, 2002
and 2001, and the related statements of income, retained earnings and cash flows for the years then
ended. These financial statements are the responsibility of the Company’s management. Our
responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with US Generally Accepted Auditing standards. Those
standards require that we plan and perform the audit to obtain reasonable assurance about whether
the financial statements are free of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our audits provide a reasonable
basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects,
the financial position of ABC Company as of December 31, 2002 and 2001, and the results of its
operations and its cash flows for the years then ended in conformity with US Generally Accepted
Accounting Principles.

Manual or printed Firm name

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PUBLIC STANDARD AUDIT REPORT

Report of independent Registered Public Accounting Firm

We have audited the accompanying balance sheets of ABC Company as of December 31, 2002
and 2001, and the related statements of operations, stockholders’ equity, and cash flows for each of the
three years in the period ended December 31, 2002. These financial statements are the responsibility of
the Company’s management. Our responsibility is to express an opinion on these financial statements
based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting
Oversight Board. Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.
An audit also includes assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation. We believe that our
audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects,
the financial position of the Company as of December 31, 2001 and 2002, and the results of its
operations and its cash flows for each of the two years in the period ended December 31, 2002, in
conformity with US Generally Accepted Accounting Principles.

We also have conducted, in accordance with the standards of Public Company Accounting
Oversight Board, the effectiveness of ABC Company’s internal control over financial reporting as of
December 31, 2002, based on criteria established in internal control-Integrated Framework issued by
the Committee of Sponsoring Organizations of the Treadway Commission and our report dated February
24, 2003, expressed an unqualified opinion thereon.

Signature

City, state, country of the office that issued the report

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PUBLIC COMPILATION REPORT

I have compiled the accompanying balance sheet of ABC Company as of December 31, 2001 and
the related statements of income, retained earnings, and cash flows for the year then ended, in
accordance with Statements on Standards for Accounting and Review Services issued by the American
Institute of Certified Public Accountants.

A compilation is limited to presenting in the form of financial statements information that is the
representation of management. I have not audited or reviewed the accompanying financial statements
and, accordingly, do no express an opinion or any other form of assurance on them.

(Few additional paragraphs are added if: departure from GAAP, omit disclosure and lack of
independence.)

Management has elected to omit substantially all of the disclosures required by US GAAP. If the
omitted disclosures were included in the financial statements, they might influence the user’s
conclusions about the company financial position, results of operations, and cash flows. Accordingly,
these financial statements are not designed for those who are not informed about such matter.

These financial statements are presented in accordance with the requirements of(name of
body) which is different from US GAAP. Accordingly, these financial statements are not designed for
those who are not informed about such differences.
 I am not independent with respect to ABC Company.

NON PUBLIC STANDARD REVIEW REPORT

I have reviewed the accompanying balance sheet of ABC Company as of December 31, 2001 and
the related statements of income, retained, earnings, and cash flows for the year then ended, in
accordance with Statements on standards for accounting and review services issued by AICPA. All
information included in these financial statements is the representation of the management of ABC
Company.

A review consists principally of inquires of company personnel and analytical procedures applied
to financial data. It is substantially less in scope than an examination in accordance with US GAAS, the
objective of which is the expression of an opinion regarding the financial statements taken as a whole.
Accordingly, I do not express such an opinion.

Based on my review, I am not aware of any material modification that should be made to the
accompanying financial statements in order for them to be in conformity with US GAAP.

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