CERTIFIED PUBLIC ACCOUNTANT

321 GA Tower 1, EDSA, Mandaluyong City,

Metro Manila, Philippines

T : (632) 4768902
MARIA LAARNI NATIVIDAD M : (0961) 7945173
E : laarninatividad@gmail.com

December 30, 2022

Assistance and Cooperation for Community Resilience and Development Inc.

(ACCORD Inc.)
Quezon City

Subject: Project Audit

Attention: Sindhy B. Obias, Executive Director

Dear Sir:

I am pleased to submit my proposal to provide professional audit services that I will

render to your Company, for the year ended December 31, 2020.

Scope of work

My work will consist of an audit of financial statements of the Company as of

December 31, 2020 and the related statements of income, cash flows, and changes in
stockholders’ equity for the years then ended. I am pleased to confirm my acceptance
and my understanding of this engagement by means of this letter. My audit will be
made with the objective of my expressing an opinion on the financial statements.

I will conduct my audit in accordance with Philippine Standards on Auditing. Those

standards require that I comply with ethical requirements and plan and perform the
audit to obtain reasonable assurance whether the financial statements are free from
material misstatements. An audit involves performing procedures to obtain audit
evidence about the amounts and disclosures in the financial statements. The
procedures selected depend on the auditor’s judgment, including the assessment of
the risks of material misstatement of the financial statements, whether due to fraud or
error. In making those risk assessments, the auditor’s consider internal control relevant
to the entity’s preparation and fair presentation of the financial statements in order to
design audit procedures that are appropriate in the circumstances, but not for the
purpose of expressing an opinion on the effectiveness of the entity’s internal control.

Because of the test nature and other inherent limitations of an audit, together with the
inherent limitations of any accounting internal control system, there is an unavoidable
risk that even some material misstatements may remain undiscovered.

In addition to my report on the financial statements, I will provide you with separate
letter concerning any material weaknesses in accounting and internal control system.

May I remind you that the responsibility for the preparation of 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 my audit process, I will request from management written
confirmation concerning representations made to me in connection with the audit.

Confidentiality
 CERTIFIED PUBLIC ACCOUNTANT
321 GA Tower 1, EDSA, Mandaluyong City,
Metro Manila, Philippines

T : (632) 4768902
MARIA LAARNI NATIVIDAD M : (0961) 7945173
E : laarninatividad@gmail.com

As a basic component of our practice, any information gathered by us in the course of

the performance of my responsibilities as the Company auditor will be treated with
utmost confidentiality.

I look forward to full cooperation with your staff and I trust that they will make available
to me whatever records, documentation and other information as requested during the
audit.

Fees

My proposed fees based on the scope of work described is P120,000.00 plus 5%

withholding tax, plus out of pocket expenses. I propose to bill you 50% down payment
and 50% upon presentation of audit reports

If the terms of this proposal meet with your approval, I will appreciate your signing and
returning to me a copy.

Very truly yours,