[Letterhead of Mantyla McReynolds}
October 17, 2000
Richard D. Surber, President
Golden Opportunity Develpment Corporation
268 West 400 South, Suite 300
Salt Lake City, Utah 84101
This letter is to confirm our understanding of the terms and objectives of our
engagement and the nature and limitations of the services we will provide.
We will perform the following services:
We will review (pursuant to Statement of Accounting Standards 71) the
balance sheet of Golden Opportunities Development Corporation, as of September
30, 2000, and the related statements of income, retained earnings, and cash
flows for the period then ended, in accordance with Standards established by the
American Institute of Certified Public Accountants. Our review will consist
primarily of inquiries of company personnel and analytical procedures applied to
financial data, and we will require a representation letter from management. A
review does not contemplate obtaining an understanding of the internal control
or assessing control risk, tests of accounting records and responses to
inquiries by obtaining corroborating evidential matter, and certain other
procedures ordinarily performed during an audit. Thus, a review does not provide
assurance that we will become aware of all significant matters that would be
disclosed in an audit. Our engagement cannot be relied upon to disclose errors,
fraud, or illegal acts that may exist. However, we will inform you of any
material errors that come to our attention and any fraud or illegal acts that
come to our attention, unless they are clearly inconsequential. In addition, we
have no responsibility to identify and communicate significant deficiencies or
material weaknesses in your internal control as part of this engagement.
Consequently, we have no responsibility for detecting whether your information
systems are year 2000 compliant. We will not perform an audit of such financial
statements, the objective of which is the expression of an opinion regarding the
financial statements taken as a whole, and accordingly, we will not express such
an opinion on them.
Our fees for these services will be at our standard rates and will be billed
monthly. Payment is upon presentation of our statement for services.
We shall be pleased to discuss this letter with you at any time.
If the foregoing is in accordance with your understanding, please sign the copy
of this letter in the space provided and return it to us.
Sincerely,
/s/ Russell E. Anderson
Mantyla McReynolds
Acknowledged
Golden Opportunity Development Corporation
/s/ Richard D. Surber
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Richard D. Surber
Oct 17, 2000
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