Wagner & Associates, CPA, LLC

OUR RESPONSIBILITIES

The objective of our engagement is to prepare financial statements in accordance with accounting principles generally accepted in the United States of America based on information provided by you. We will conduct our engagement in accordance with Statements on Standards for Accounting and Review Services (SSARS) promulgated by the Accounting and Review Services Committee of the AICPA and comply with the AICPA’s Code of Professional Conduct, including the ethical principles of integrity, objectivity, professional competence, and due care.

We are not required to, and will not, verify the accuracy or completeness of the information you will provide to us for the engagement or otherwise gather evidence for the purpose of expressing an opinion or a conclusion. Accordingly, we will not express an opinion or a conclusion or provide any assurance on the financial statements.

Our engagement cannot be relied upon to identify or disclose any financial statement misstatements, including those caused by fraud or error, or to identify or disclose any wrongdoing within the entity or noncompliance with laws and regulations.

CLIENT RESPONSIBILITIES

You are responsible for all management responsibilities, and for overseeing any bookkeeping services, tax services, or other services we provide by designating an individual, preferably within senior management who possesses suitable skill, knowledge, or experience. In addition, you are responsible for evaluating the adequacy and results of the services performed and accepting responsibility for the results of such services.

None of the services we offer can be relied on to detect errors, fraud, or illegal acts that may exist. However, we will inform you of any material errors, fraud, or illegal acts that come to our attention, unless they are clearly inconsequential. In addition, we have no responsibility to identify and communicate significant deficiencies or material weaknesses in your internal control as part of this engagement.

The engagement to be performed is conducted on the basis that you acknowledge and understand that our role is to prepare financial statements in accordance with the tax basis of accounting and assist you in the presentation of the financial statements in accordance with the tax basis of accounting. Management has the following overall responsibilities that are fundamental to our undertaking this engagement, in accordance with SSARS, to prepare your financial statements:

a. The selection of the tax-basis of accounting as the financial reporting framework to be applied in the preparation of financial statements.

b. The preparation and fair presentation of financial statements in accordance with the tax-basis of accounting.

c. The prevention and detection of fraud.

d. To ensure that the entity complies with the laws and regulations applicable to its activities.

e. The accuracy and completeness of the records, documents, explanations, and other information, including significant judgments, you provide to us for the engagement to prepare financial statements.

f. To provide us with:

1. Documentation, and other related information that is relevant to the preparation and presentation of the financial statement.

2. Additional information that may be requested for the purpose of the preparation of the financial statements; and,

3. Unrestricted access to persons within the entity of whom we determine necessary to communicate.