Auditing Subject: Performance materiality assigned to cash was set @ $100k. Discuss the number and materiality of cash balances as indicated on the attached document.

EXHIBIT 1 Trial Balance Work Paper Reference: 100-4 Prepared By W. Downey (Intern) 1/7/2017 6:40 PM Simply Soups Inc. 177 Washington Lane, Cherry Hill, NJ 08034 609-555-5555 1/7/2017 Trial Balance As of December 31, 2016 Debit Credit Cash-Acct. 10000 Fifth Federal 478,921.54 Sparkasse-Frankfurt 235,087.29 American NorthWest Bank 144,019.83 477,832.15 BNY Federal Tenth National Bank 301,015.18 Bank of Citizens 348,701.60 1,985,577.59 Accounts Receivable - Acct. 11000 Tick Legend The sum of this balance was agreed into the Balance Sheet without exception, W. Downey (Intern) Prepared by clicnt EXHIBIT 1 Trial Balance Work Paper Reference: 100-4 Prepared By W. Downey (Intern) 1/7/2017 6:40 PM Simply Soups Inc. 177 Washington Lane, Cherry Hill, NJ 08034 609-555-5555 1/7/2017 Trial Balance As of December 31, 2016 Debit Credit Cash-Acct. 10000 Fifth Federal 478,921.54 Sparkasse-Frankfurt 235,087.29 American NorthWest Bank 144,019.83 477,832.15 BNY Federal Tenth National Bank 301,015.18 Bank of Citizens 348,701.60 1,985,577.59 Accounts Receivable - Acct. 11000 Tick Legend The sum of this balance was agreed into the Balance Sheet without exception, W. Downey (Intern) Prepared by clicnt