Engagement Letter

Assignment 4-1

Assitan Dao

LIFTS BERGER & ASSOCIATES

Certified Public Accountants

Ocean City, Florida 33140

October 30, 2012

Mr. Donald Phillips, President

36 Clearwater Lake Road

Ocean City, Florida 33140

Dear Mr. Phillips:

This letter is to confirm our understanding of the terms of our engagement as the auditors of Oceanview Marine Company for the year ended December 31, 2012.

We will audit the company's balance sheet for December 31, 2012, and the related statements of income, retained earnings, and cash flows for the year then ended. The purpose of our audit is to form an opinion as to whether these statements are fairly presented in accordance with Generally Accepted Accounting Principles. We will review the company's federal and state income tax returns for the year ended December 31, 2012. In addition, we will be available to consult with you concerning the tax effects of any transactions or changes in company policies.

Our audit opinion will be based on our examination, made on a test basis, of your records, documents, assets, and equities. All parts of the audit will be performed in accordance with Generally Accepted Auditing Standards. We will not examine all transactions, assets, or equities in detail, and the examination should be not relied on to detect all errors, fraud, or illegal acts that may have taken place. Notwithstanding, should we discover material misstatements resulting from error, fraud, or illegal acts during our audit, they will be disclosed to you. Please note that management of the company has the primary responsibility for maintaining adequate accounting records, for the safeguarding of assets, and for the preparation of accurate financial statements.

The timing of our services is scheduled for performance and completion as follows:

Beginning fieldwork December 15, 2012

Completion of fieldwork March 15, 2013

Delivery of management letter March 22, 2013

Delivery of audit report March...