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The purpose of this letter is to confirm that we will perform external audit on your club for this

semester. We will provide the following services: reconcile necessary accounts for the purpose of
preventing any fraudulent activities in the financial statements, all necessary details and
information are expressly disclosed, and to ensure that it has complied with all of the requirements.
We will audit the club’s cash flow statement as well as the financial position and related statement
of revenues and expenses. The management will be responsible in providing the fair presentation
of the financial statements and other additional information.

We will conduct our audit in accordance with the Philippine Auditing Standards. Those standards
require that we comply with ethical requirements and plan and perform the audit to obtain
reasonable assurance about whether the financial report is free from material misstatement. An
audit involves performing procedures to obtain audit evidence about the amounts and disclosures
in the financial report. The procedures selected depend on the auditor's judgement, including the
assessment of the risks of material misstatement of the financial report, whether due to fraud or
error. An audit also includes evaluating the appropriateness of accounting policies used and the
reasonableness of accounting estimates made by management, as well as evaluating the overall
presentation of the financial report.

Because of the inherent limitations of an audit, together with the inherent limitations of internal
control, there is an unavoidable risk that some material misstatements may not be detected, even
though the audit is properly planned and performed in accordance with Philippine Auditing
Standards. However, we will communicate to you in writing in regards to the significant
misstatements.

Our expectations of you are:


1. Unrestricted access to persons within the entity from whom we deem it necessary to obtain
audit evidence;
2. Additional information that we may request from the directors and management for the
purpose of the audit; and
3. Access to all information of which the directors and management are aware that is relevant
to the preparation of the financial report such as records, documentation and other matters.

As part of our audit process, we will request from management and, where appropriate, those
charged with governance, written confirmation concerning representations made to us in
connection with the audit.

This service is free of charge. This letter will be effective in the future year unless terminated,
amended, or suspended.

We look forward to full cooperation from your staff during our audit. On behalf of the audit team,
we are happy to represent you in this matter.

Sincerely yours,