6100 W JEFFERSON STREET
PHILADELPHIA PA 19151
Office (215) 877-2171 ? Fax (215) 754-4666
Thursday, August 31, 2018
Board of Directors/Officers
Re: Stop and Surrender, Inc.
2400 West Lehigh Avenue
Philadelphia, PA 19132
We were engaged to audit and prepare the accompanying balance sheet of Stop and Surrender, inc. as of June 2017 (period of July 2016 to June 2017) and the related statement of income/expense and changed in retained earnings for the year ending June 2017. These financial statements are the responsibility of the Stop and Surrender, Inc?s management. Our responsibility is to express and opinion on these financial statements based on our audit.
We conducted our audit in accordance with generally accepted auditing principles (GAAP). Those principles require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. i.e. all bank statements, verification of check written, payroll accounting records, expense invoices, etc. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
For the period under audit, there were sufficient accounting records maintained by Stop and Surrender, Inc?s management to support business purpose of a substantial number of disbursements. Stop and Surrender, Inc?s management was able to provide documents to substantiate their expenditures.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Stop and Surrender, Inc. as of June 2017, and the results of its overall accounting operation for the year then ended: conform to accounting principles generally accepted in the United States.
Should you have any questions regarding these documents or require further information, please do not hesitate to contact our office.
Kenneth Booth, President/CPA
cc: Erwin Warfield