Dear Mark and Lehum,
Thank you again for your time Friday morning.
To confirm, the following issues were discussed and agreed upon:
- RSM shall include the use of the PercentCompl. method in their 2014 US-GAAP audit reports
- RSM shall provide draft 2014 US-GAAP audit reports no later than 15-April-15, with their final reports by 22-April-15. If RSM anticipates missing either of these dates, they shall notify all copied here at the earliest time possible.
- RSM shall provide next week their support and codification for their qualification in their earlier reports regarding the Intercompany loan between RPTAsia and RPTDesign.
- We shall forward to RSM all supporting documentation concerning the $159,600 Closing Costs paid by RPTAsia in 2013 so that a reversal of these costs may be recorded in 2014.
Please let me know if you have any questions or comments.