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BAO-IDANG, CHAERMALYN September 8,2021

ESPEJO, FLORENCE
MILO, KHENT MHAR
PASCUA, MELINDA
PLATERO, DARVIN
PRELIM ACTIVITY- ENGAGEMENT LETTER
1.

2. One DEFICIENCY IN THE ENGAGEMENT LETTERS:


One of the deficiencies found in the draft of this engagement letter is in relation to commercial
matters. Namely, not being able to identify the basis of the auditor's/audit team's fees, indication of a
proposed timetable, and termination rights.

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