Cygood Professional Essay

Submitted By Mbagrad1
Words: 2518
Pages: 11

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|Financial Accounting |
|ACTG 5100 Section X |
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|Assignment II |
|Instructor: Beppino Pasquali |
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|March 12, 2012 |
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|Ekaterina Avgeropoulos |
|Student Number: #201940949 |
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Report to the four existing shareholders of the Cygood Professional Corporation on the accounting policies of the December 31, 2010 financial statements.

Dear Partners of the Cygood Professional Corporation,

Thank you for appointing me to review your company’s accounting policies of the financial statements for the year ended December 31, 2010 and provide you with some recommendations that I hope you would find valuable. Based on the information you provided, I understand that you are using ASPE to prepare the financial statements. ASPE can be quite flexible in some cases and you will see throughout my