Page 684 - Auditing Standards

As of December 15, 2017
and 19X5, and for the three-month periods then ended, as indicated in our report dated May 15, 19X6, which
is included (incorporated by reference) in the registration statement. The report may be attached to the
comfort letter (see paragraph .29). The accountants may agree to comment in the comment letter on whether

the interim financial information complies as to form in all material respects with the applicable accounting
requirements of the rules and regulations adopted by the SEC.

3 The accountants should discuss with the secretary those meetings for which minutes have not been

approved. The letter should be modified to identify specifically the unapproved minutes of meetings that the
accountants have discussed with the secretary.

4 If the interim financial information is incomplete, a sentence similar to the following should be added: "The
financial information for April and May is incomplete in that it omits the statements of cash flows and other

disclosures."

5 If there has been a change in accounting principle during the interim period, a reference to that change
should be included herein.

6 AS 4105 does not require the accountants to modify the report on a review of interim financial information

for a lack of consistency in the application of accounting principles provided that the interim financial information
appropriately discloses such matters.

7 See footnote 3 of the Appendix.

8 See footnote 4 of the Appendix.

9 In some cases it may be considered desirable to combine in one paragraph the substance of paragraphs 7
and 9. This may be done by expanding the identification of items in paragraph 9 to provide the identification
information contained in paragraph 7. In such cases, the introductory sentences in paragraphs 7 and 9 and the
text of paragraph 8 might be combined as follows: "For purposes of this letter, we have also read the following
information and have performed the additional procedures stated below with respect to such information. Our

audit of the consolidated financial statements . . ."

10 In some cases the company or the underwriter may request that the independent accountants report on
"selected financial data" as described in AS 3315, Reporting on Condensed Financial Statements and Selected
Financial Data. When the accountants report on this data and the report is included in the registration statement,
separate comments should not be included in the comfort letter (see paragraph .30).

11 Other methods of summarizing the descriptions may also be appropriately used. For example, the letter
may present a matrix listing the financial information and common procedures employed and indicating the
procedures applied to specific items.

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