Business Compilation Report

Business Compilation Report

RECITALS

WHEREAS, Client Name: is engaged in the operation of the business described in Schedule A and has requested that Accountant Firm: perform a compilation of certain financial information;

WHEREAS, the Parties have agreed that the compilation shall be performed for the period from through and in accordance with the terms set forth in this Report and Engagement Agreement;

WHEREAS, the Parties desire to set forth in writing the scope, procedures, responsibilities, limitations and other terms applicable to this compilation engagement.

SCOPE OF WORK

The Accountant will compile financial statements from information provided by management. The compilation will be limited to presenting financial information in the form of financial statements and schedules. The Accountant will not audit or review the financial statements and, accordingly, will not express an opinion or any other form of assurance on them. Management is responsible for the accuracy and completeness of the information provided and for selecting and applying appropriate accounting policies.

PROCEDURES PERFORMED

The compilation will ordinarily include the following procedures (select applicable procedures):

Prepare financial statements from records and representations provided by management

Apply accounting policies selected by management, disclosed in the notes to the compiled statements

Issue compilation report that disclaims assurance and identifies the nature and limitations of the engagement

MANAGEMENT REPRESENTATIONS

PAYMENT TERMS

TERM AND TERMINATION

Engagement Start Date:    Engagement End Date:

Either Party may terminate this engagement for material breach that remains uncured for days after written notice. On termination, Client shall pay the Accountant for services rendered and reimbursable expenses incurred through the effective date of termination.

CONFIDENTIALITY

Each Party shall maintain in confidence all non-public information received from the other Party in connection with this engagement and shall not disclose such information to third parties except as required by law, professional standards, or with the other Party's prior written consent. The Accountant may disclose engagement information to its professional advisors under confidentiality obligations.

The confidentiality obligations do not apply to information that (a) is or becomes publicly known through no breach by the receiving Party, (b) is already known by the receiving Party without restriction, or (c) is rightfully received from a third party without breach of any obligation of confidentiality.

GOVERNING LAW

This Report and Engagement Agreement shall be governed by and construed in accordance with the laws of the State of without regard to conflicts of law principles.

LIMITATIONS AND USE RESTRICTIONS

The compiled financial statements are intended solely for the internal use of the Client and for other parties to whom the Accountant agrees in writing to provide the compilation report. The compiled financial statements may not be suitable for any other purpose. The Accountant disclaims any responsibility to parties other than the Client for reliance on the compiled financial statements.

FINANCIAL STATEMENTS AND ATTACHMENTS INCLUDED

The compilation will include the following items (check all that apply):

Balance Sheet

Income Statement

Statement of Cash Flows

Notes to Financial Statements

ENTIRE AGREEMENT

This Report, together with any attachments, schedules, and engagement letters expressly incorporated herein, constitutes the entire agreement between the Parties with respect to the subject matter and supersedes all prior proposals, representations, or agreements, whether written or oral. Any amendment or modification must be in writing and signed by duly authorized representatives of both Parties.

ACCOUNTANT'S COMPILATION REPORT LANGUAGE

The Accountant will issue a compilation report that includes language substantially as follows: The accompanying financial statements have been compiled by the Accountant from information provided by management. A compilation is limited to presenting in the form of financial statements information that is the representation of management. The Accountant has not audited or reviewed the financial statements and, accordingly, does not express an opinion or any other form of assurance on them.

ADDITIONAL PROVISIONS

The Client agrees to provide the Accountant with timely access to records, supporting documentation, and personnel necessary to perform the compilation. The Client shall be responsible for all federal, state and local reporting obligations arising from the financial statements, and agrees to indemnify and hold the Accountant harmless from any liability arising from reliance on inaccurate or incomplete information provided by the Client.

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