Mr. Smith
President
ABC Management Company
Management Company Address
City, State Zip Code
Dear Mr. Smith:
We have examined the schedule of gross sales as
reported by The Tenant for the period January 1, 1998 through December
31, 2000 as provided for by the lease agreement for Shopping Center.
Our examination was made in accordance with generally
accepted auditing standards and, accordingly, included such tests of the
accounting records and such other procedures, as we consider necessary.
In our opinion, based upon the information provided
by your company and the tenant, the schedule of gross sales referred to
above does not present fairly the gross sales of The Tenant for the
period January 1, 1998 through December 31, 2000 on the basis specified
in the lease agreement referred to above.
The results of our examination are presented in the accompanying
schedules.
Respectfully yours,
FREED & ASSOCIATES
Marc E. Freed
President
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