The question reads: The Engagement Letter for Oceanview Marine Company is missing 2 pieces. Make the needed changes/additions directly on the Engagement Letter.

LILTS BERGER & ASSOCIATES	4-1
Certified Public Accountants	CW 11/23/2018
Ocean City, Florida 33140

October 30, 2018

Mr. Donald Phillips, President

36 Clearwater Lake Road

Ocean City, Florida 33140

Dear Mr. Phillips:

You have requested that we audit the financial statements of Oceanview Marine Company, which comprise the balance sheet for December 31, 2018, 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. We are pleased to confirm our acceptance and understanding of this audit engagement by means of this letter. Our audit will be conducted with the objective of our expressing an opinion on the financial statements.

We will perform our audit in accordance with auditing standards generally accepted in the United States of America (GAAS). An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors judgment, including the assessment of the risk of material misstatement of the financial statements. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

Because of the inherent limitations of and audit, together with the inherent limitations of internal control, an unavoidable risk that some material misstatements may not be detected exists, even though the audit is properly planned and performed in accordance with GAAS.

	4-2
	CW 11/23/2018

In making our risk assessments, we consider internal control relevant to the entitys 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 entitys internal control. However, we will communicate to you in writing concerning and significant deficiencies or material weaknesses in internal control relevant to the audit of the financial statements that we have identified during the audit.

Our audit will be conducted on the basis that the management of Oceanview Marine Company acknowledges and understands that it has responsibility for

1. the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America;
2. the design, implementation and maintenance of internal control relevant to the fair presentation of the financial statements that are free from material misstatement, whether due to fraud or error.
3. to provide us with access to all information of which management is aware that is relevant to the preparation of the financial statements such as records, documentation, and other matters; additional information that we may request from management for the purpose of the audit; and unrestricted access to persons within the entity from whom we determine it necessary to obtain audit evidence.

As part of our audit process, we will request from management written confirmation concerning representations made to use in connection with the audit.

We will issue a written report upon completion of our audit of Oceanview Marine Companys financial statements. Our report will be addressed to the board of directors of Oceanview Marine Company. We cannot provide assurance than an unmodified 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, or withdraw from the engagement.

4-3

CW 11/23/2018

The timing of our services is scheduled for performance and completion as follows:

Begin interim fieldwork December 1, 2018

Completion of fieldwork March 15, 2019

Delivery of management letter March 22, 2019

Delivery of audit report March 29, 2019

Delivery of tax returns March 29, 2019

Our fees will be based on our standard hourly rates. Invoices will be submitted periodically as the work progresses and are payable upon presentation. Should we find any conditions that could significantly affect our initial estimated total fees of $32,000, we will notify you immediately.

Please sign and return the attached copy of this letter to indicate your acknowledgement of, and agreement with, the arrangements for our audit of the financial statements including our respective responsibilities.

Yours very truly,

Charles Ward

Charles Ward, CPA

Partner

Per: Donald Phillips

Donald Phillips, President

Oceanview Marine Company

November 10, 2018