JYP CPAs Auditing Firm

#20 23rd St. Brgy. Godswill Quezon City

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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