Brea Co. hired Serna CPAs to perform a compilation of their annual financial statements in accordance with GAAP for the year ended December 31, year...

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Question 1 is responsible for the accompanying financial statements of Brea Company, which comprise the balance sheet as of December 31, Year 1 and the related statements of income, changes in stockholders' equity, and cash flow for the years then ended, and the related notes to the financial statements in accordance with accounting principles generally accepted in the United States of America. We have performed Question 2 engagements in accordance with Question 3 promulgated by the Question 4 of the AICPA. We did not Question 5 the financial statements nor were we required to perform any procedures to verify the accuracy or completeness of the information provided by management. Accordingly, we do not express an opinion, a conclusion, nor provide any form of assurance on these financial statements.