To $e Boa!" o #!e$o!* o TN& S$!oo! n"*$!#e* n.: You You have requested that we audit the balance sheet as of December 31, 200B and the related statements of income and changes in stockholders equity for the year ending of !" #tyro$or %ndustries %nc& we are $leased to con'rm our acce$tance and our understanding of this engagement means of this letter& (ur audit will be made with the ob)ective of our e*$ressing of an o$inion on the 'nancial statements& +e will conduct our audit in accordance with the hili$$ine #tandards on -uditing& hose standards require that we $lan and $erform the audit to obtain obtain reasonab easonable le assura assurance nce that that the 'nanci 'nancial al statem statement ents s are are free free from from materi material al missta misstatem tement ents& s& (ur audit audit includ includes es e*ami e*aminin ning, g, on a test test basis, basis, evide videnc nce e su su$$ $$or orti ting ng the amo amounts unts and and disc disclo losu surres in the the 'nanc nancia iall statements& (ur audit also includes assessing the accounting $rinci$les used and signi'cant estimates made by management as well as evaluating the overall 'nancial statements. $resentation& $resentation& Because of the test nature and other inherent limitations of an audit together with inherent inherent limitatio limitations ns of any accounting internal internal and control control systems, systems, there is an unavoidable risk that even some material misstatements may remain undiscovered& %n addition to our re$ort on the 'nancial statements, we e*$ect to $rovide you with with a se$ara se$arate te letter letter concer concernin ning g any materi material al weakne weaknesse sses s in your your accounting and internal control systems which come to our knowledge& +e remind you that the res$onsibility for the $re$aration of the 'nancial statement statements s including including adequate disclosure disclosure is that of the management management of the com$any& com$any& his includes the maintenance of adequate accounting records and internal controls, controls, the selection and a$$lication of accounting $olicies/ and the safeguarding of the assets of the com$any& -s $art of our audit $rocess, we will will reque request st manage managemen mentt writt written en con'r con'rmat mation ion concer concernin ning g made made to us in connection with the audit&
+e look forward to full coo$eration with your sta and we trust that they will make available to us whatever records, documentation and other information that are requested in connection with our audit& (ur fees, which will be billed as work $rogresses, are based on the time required by the individuals assigned to the engagement $lus outof$ocket e*$enses& %ndividual hourly rates vary according to the degree of res$onsibility involved and the e*$erience and skill required&
his letter will be eective for future years unless it is terminated, amended, and su$erseded&
lease sign and return the attached co$y of this letter to indicate that it is accordance with your understanding of the arrangements for our audit of the 'nancial statements&
B:
Rodeth Cea &a! Ro"e$ E. Cea -! 4- 4erti'cate !o& 102562 #4 -ccreditation !o& 1025-3 a* %denti'cation !o& 78595:978 -cknowledged on behalf of !" #tyro$or %ndustries %nc& #igned
&!. Ta""eo (a!#a resident and 4hairman of the Board
