114 San Guillermo St.
, Bayanan, Muntinlupa City
[email protected] 09158288685
March 23, 2021
Atty. Earl Charles Villarin
AkrossTheOshan Inc.
RE: ENGAGEMENT LETTER FOR SEC AMMENDMENT
Dear Ma’am/Sir::
This letter is to confirm our understanding of the terms and objective of our engagement as well
as the nature and limitations of the services we will provide.
Our Responsibility
SEC Amendment to change the Registered Address of the Corporation.
Scope and limitation of our services
1. Our engagement is limited to the services indicated above.
2. This engagement does not include business management. We will not review the
payment of any invoices or bills. If an amount appears unusual or out of the ordinary, we
will call it to your attention, but we do not take any responsibility in the discovery of any
errors, irregularities, or fraud.
3. This engagement will not audit or review your financial statements, or any other
accounting documents and information you provide, in accordance with generally
accepted auditing standards. Accordingly, we ask that you not in any manner refer to this
as an audit or review.
4. We will not verify the data you submit for accuracy or completeness. Rather, we will rely
on the accuracy and completeness of the documents and information you provide to us.
Accordingly, our engagement cannot be relied upon to disclose errors, fraud, or other
illegal acts that may exist. However, it may be necessary to ask you for clarification of
some of the information you provide, and we will inform you of any material errors, fraud or
other illegal acts that come to our attention, unless they are clearly inconsequential.
5. We have no responsibility to identify and communicate significant deficiencies or material
weaknesses in your internal controls as part of this engagement, and our engagement
cannot, therefore be relied upon to make disclosure of such matters.
Client Responsibility
The client is:
1. Responsible for adopting sound accounting policies, for maintaining an adequate and
efficient accounting system, for safeguarding assets, for authorizing transactions, for
retaining supporting documentation for those transactions, and for devising a system of
internal controls that will, among other things, help assure the preparation of proper
financial statements. Furthermore, you are responsible for management decisions and
functions, for designating a competent employee to oversee any of the services we
provide, and for evaluating the adequacy and results of those services.
2. Responsible for the design and implementation of programs and controls to prevent and
detect fraud, and for informing us about all known or suspected fraud affecting the
Company involving (a) management (b) employees who have significant roles in internal
control, and (c) others where the fraud could have a material effect on the financial
statements.
3. You are also responsible for informing us of your knowledge of any allegations of fraud
or suspected fraud affecting the Company received in communications from employees,
former employees, regulators, or others.
4. In addition, you are responsible for identifying and ensuring that the entity complies with
applicable laws and regulations.
5. Responsible to provide us the following documents:
a) Latest AFS
b) Latest Due GIS
c) Certificate of Incorporation, Articles of Incorporation and By Laws
d) Copy of Latest Approved Amendment/s of Articles of Incorporation and By
Laws
e) Registration of Stock and Transfer Book
f) Copy lease contract if renting office space
g) Valid IDs (1 primary and TIN ID)
h) Other documents necessary
Any failure to provide such documents and information, and to do so on a timely basis, will
impede our services, and may require us to suspend our services or withdraw from the
engagement. You agree to accept responsibility for any effect on your accounting records and
financial statements of basic financial information or transaction documents not submitted to us
for processing and entry, or losses that may result from their absence.
For purposes of entry of the financial information from your basic transaction documents,
classification according to the agreed-upon chart of accounts will be performed by you or your
employees. As business conditions change, we may mutually agree to change/modify this
arrangement.
Our Fee Policy:
Our professional fee for this service will be THREE THOUSAND PESOS ( PHP3,000.00). All
transportation cost must be billed separately. A nonrefundable deposit equivalent to ONE
THOUSAND PESOS is due at the time of engagement. This will be subtracted to the
transportation cost billed.
Any additional accounting services requested will be billed separately. This may include, but is
not limited to, any compliance services including Annual FS Audit and Business Management.
The client acknowledges and agrees that we are not required to continue work in the event of
failure to pay on a timely basis for services rendered as required by this engagement letter. The
client further acknowledges and agrees that in the even we stop work or withdraw from this
engagement as a result of the client’s failure to pay on a timely basis for services rendered as
required by this engagement letter, we, DV Accounting, shall not be liable for any damages
that occur as a result of ceasing to render services.
If a dispute arises among the parties hereto, the parties agree first to try in good faith to settle
the dispute by mediation administered appropriate body.
If the foregoing is in accordance with your understanding, please sign the Engagement Letter in
the space provided and return it to the undersigned.
We appreciate the opportunity to serve you and trust that our association will be a long and
pleasant one.
Sincerely,
Danhilson O. Vivo
MANAGING DIRECTOR
DV ACCOUNTING
ACCEPTED AND AGREED TO BY:
______________________________ Date: ______________________
