Bob's Bacon House Inc.

Guidelines: Phase 2

1. Review your peer's financial statements.

2. Do compilation review of those financial statements in good form.

Financial statements reviewed by an accountant should be accompanied by a written report. The accountant's objective in reporting on the financial statements is to prevent misinterpretation of the degree of responsibility the accountant is assuming when his or her name is associated with the financial statements. The report should be in accordance with the AICPA standards.