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    A. Engagement Letter From Client To CPA - PALACIO

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    Pinky Daisies
    Aniflex Philippines, Inc. is requesting a proposal from Kyo Ano & Company to provide audit and bookkeeping services before the annual shareholder's meeting on September 30, 2020. Aniflex is involved in retail merchandising and events promoting anime franchises, with annual revenues of ₱10-12 million. The letter provides background on Aniflex and requests the accounting firm's proposal, which should include details on relevant experience, independence, staff commitments, audit approach, technology use, communication process, and proposed fees for the 2020 audit and quarterly reviews. Aniflex will evaluate proposals based on qualifications and completeness by September 05, 2020.

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    A. Engagement Letter From Client To CPA - PALACIO

    Uploaded by

    Pinky Daisies
    150 views2 pages
    Aniflex Philippines, Inc. is requesting a proposal from Kyo Ano & Company to provide audit and bookkeeping services before the annual shareholder's meeting on September 30, 2020. Aniflex is involved in retail merchandising and events promoting anime franchises, with annual revenues of ₱10-12 million. The letter provides background on Aniflex and requests the accounting firm's proposal, which should include details on relevant experience, independence, staff commitments, audit approach, technology use, communication process, and proposed fees for the 2020 audit and quarterly reviews. Aniflex will evaluate proposals based on qualifications and completeness by September 05, 2020.

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    A. Engagement Letter from Client to CPA- PALACIO

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    Aniflex Philippines, Inc. is requesting a proposal from Kyo Ano & Company to provide audit and bookkeeping services before the annual shareholder's meeting on September 30, 2020. Aniflex is involved in retail merchandising and events promoting anime franchises, with annual revenues of ₱10-12 million. The letter provides background on Aniflex and requests the accounting firm's proposal, which should include details on relevant experience, independence, staff commitments, audit approach, technology use, communication process, and proposed fees for the 2020 audit and quarterly reviews. Aniflex will evaluate proposals based on qualifications and completeness by September 05, 2020.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    150 views2 pages

    A. Engagement Letter From Client To CPA - PALACIO

    Uploaded by

    Pinky Daisies
    Aniflex Philippines, Inc. is requesting a proposal from Kyo Ano & Company to provide audit and bookkeeping services before the annual shareholder's meeting on September 30, 2020. Aniflex is involved in retail merchandising and events promoting anime franchises, with annual revenues of ₱10-12 million. The letter provides background on Aniflex and requests the accounting firm's proposal, which should include details on relevant experience, independence, staff commitments, audit approach, technology use, communication process, and proposed fees for the 2020 audit and quarterly reviews. Aniflex will evaluate proposals based on qualifications and completeness by September 05, 2020.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    ANIFLEX PHILIPPINES, INC.

    13th Street cor. 1st Avenue, Bonifacio Global City


    Taguig 1998, Philippines

    September 01, 2020

    Jumer N. Palacio
    Kyo Ano & Company
    4th Avenue, 3 Kalantas
    Quezon City, 1301, Manila

    Dear Mr. Palacio:

    Our organization would like to engage your accounting firm to provide audit and
    bookkeeping services before the compiling of financial statements for the upcoming
    annual shareholder’s meeting, September 30, 2020. A description of our organization,
    the services needed, and other pertinent information follows:

    Background of Aniflex Philippines, Inc.

    Aniflex Philippines, Inc. is involved in retail merchandising, producing toys, games,


    stationery, food and other items featuring popular characters. In addition, Aniflex puts
    together events to promote their anime franchises. Annual revenues are between ₱10
    million and ₱12 million per year, and the organization employs 105 people in one
    location. The organization is membership based and has approximately 600,000
    members worldwide. The organization has October 31 fiscal year end, with a
    requirement to file an audited financial statement with the bank and general
    membership by September 30 of each year.

    Services to Be Performed

    Your proposal is expected to cover the following services:


    1. Annual audit to be completed in compliance with the above filing requirement
    and meetings with audit committee and or board of directors, as necessary.
    2. Tax filings for the organization and related foundation.
    3. Quarterly reviews of internally prepared financial statements.

    Key Personnel

    Following are key contacts for information you may seek in preparing your proposal:

    Rintaro Okabe CEO (012) 014-1991


    Hachiman Hikigaya CFO (008) 008-2003
    Lucy Heartfilia Accounting Manager (007) 001-0767
    Requests for additional information, visits to our site, review of prior financial
    statements and tax returns, and/or appointments with the executive director or chief
    financial officer should be coordinated through our controller. You may reach him at
    the number listed above. Please return the completed proposal to my attention at the
    above address.

    Your Response to This Engagement


    In responding to this engagement, we request the following information:

    1. Provide information on the services you provide to any related industry


    associations or groups and the services prior to this engagement.
    2. Discuss the firm’s independence with respect to Aniflex Philippines, Inc.
    3. Discuss commitments you will make to staff continuity, including your staff
    turnover experience in the last three years.
    4. Describe how your firm will approach the audit of the organization, including the
    use of any association or affiliate member firm personnel and the areas that will
    receive primary emphasis. Also discuss the firm’s use of technology in the audit.
    And finally, discuss the communication process used by the firm to discuss
    issues with the management and audit committees of the board.
    5. Set forth your fee for the 2020 audit, with whatever guarantees can be given
    regarding increases in future years. Provide your fee for the required quarterly
    review work and for tax preparation.

    Evaluation of Engagement
    Aniflex Philippines, Inc. will evaluate the engagement on a qualitative basis. This
    includes our review of the firm’s peer review report and related materials, interviews
    with senior engagement personnel to be assigned to our organization, results of
    discussions with other clients, and the firm’s completeness and timeliness in its
    response to us.

    Please submit your response to this engagement by September 05, 2020. We would also
    appreciate a response if you decline to submit an acceptance letter prior to the
    engagement.

    Sincerely,

    ISHIGAMI YU
    Chief Financial Officer

    Attachments:
    Most recent financial statements and Forms

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