June 19, 1995
To the Board of Directors
Columbia Vending Services, Inc.
Baltimore, MD
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:
1. We will compile, from information you provide, the annual
balance sheets and the related statements of income and
retained earnings, and cash flows of Columbia Vending
Services, Inc., Inc. for the year 1995 and each year there-
after. We will not audit or review such financial state-
ments. Our report on the annual statements of Columbia
Vending Services, Inc., Inc. is presently expected to read
as follows:
We have compiled the accompanying balance sheet of
Columbia Vending Services, Inc., Inc. as of December
31, 1995 and 1994 and the related statements of income
and retained earnings and cash flows for the years then
ended, and the accompanying supplementary information,
which are presented only for supplementary analysis
purposes, in accordance with standards established by
the American Institute of Certified Public Accountants.
A compilation is limited to presenting in the form of
financial statements and supplementary schedules infor-
mation that is the representation of management. We
have not audited or reviewed the accompanying financial
statements and supplementary schedules and, accord-
ingly, do not express an opinion or any other form of
assurance on them.
Columbia Vending Services, Inc., Inc.
June 19, 1995
Page
If, for any reason, we are unable to complete the compila-
tion of your financial statements, we will not issue a
report on such statements as a result of this engagement.
2. We will assist your bookkeeper in adjusting the books of
accounts so she will be able to prepare a working trial
balance from which financial statements can be compiled.
Your bookkeeper will provide us with a detailed trial bal-
ance and any supporting schedules we require.
3. We will also prepare the federal, state and city income tax
returns for Columbia Vending Services, Inc., Inc. for the
fiscal year ended December 31, 1995 and thereafter.
4. We will also prepare the shareholder's individual tax re-
turns.
Our engagement cannot be relied upon to disclose errors, irregu-
larities, or illegal acts, including fraud or defalcations, that
may exist.
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,
MAX S. MAYER & CO., P.C.
__________________________
Bruce W. Shanzer, C.P.A.
Acknowledged:
Columbia Vending Services, Inc.
__________________________________
__________________________________
Date
BWS/jlf
