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Oceanview

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LILTS BERGER & ASSOCIATES | 4-1 | Certified Public Accountants | CW 11/23/2015 | Ocean City, Florida 33140 | |

October 30, 2015

Mr. Donald Phillips, President
36 Clearwater Lake Road
Ocean City, Florida 33140

Dear Mr. Phillips:

This letter is to confirm our understanding of the terms of our engagement as the auditors of Ocean view Marine Company for the year ended December 31, 2015.

Services and Related Report
As you have requested, we will audit the financial statements of Oceanview Marine Company, which comprise the balance sheet for December 31, 2015, and the related statements of income, changes in stockholders’ equity, and cash flows for the year then ended, and the related notes to the financial statements. These reviews will be conducted in accordance with Generally Accepted Accounting Principles (GAAP) in the United States of America. We will communicate to you any matters that we believe may require material modifications to make it conform with GAAP.
Our audit will be conducted with the objective of our expressing an opinion on the financial statements. We will issue a written report upon completion of our audit of Oceanview Marine Company’s financial statements. Our report will be addressed to the board of directors of Oceanview Marine Company. We cannot provide assurance than an unqualified opinion will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion, add an emphasis-of-matter or other-matter paragraph. We may reserve the right to decline is issue a report due to any reason caused by your party. Should such situation arise, we will notify you in writings.

Our Resposibilities and Limitations
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend…...

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