Client Two: Kelce Company A startup technology firm seeks validation of its projected financial performance for the upcoming fiscal year to secure funding from potential investors. Attention: Board of Directors Kelce Company We have examined the accompanying projected balance sheet, statements of income, retained earnings, and cash flows of Kelce Company as of December $31,20$XX$,$ and for the year then ending, based on guidelines for the presentation of a projection established by the American Institute of Certified Public Accountants. Kelce Company$$s management is responsible for preparing and presenting the projection based on guidelines for the presentation of a projection established by the American Institute of Certified Public Accountants for the purpose of securing funding from potential investors. Our responsibility is to express an opinion on the projection based on our examination. Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants, and we are accordingly required to plan and perform the examination to obtain reasonable assurance about whether the projection is presented in accordance with the guidelines for the presentation of a forecast with these standards, in all material respects. We believe that our examination provides a reasonable basis for our opinion. An examination involves performing procedures to obtain evidence about the projection. The nature, timing, and extent of the procedures used depend on our judgment, including an assessment of the risks of material misstatement of the projection. In our opinion, the accompanying projection is presented, in all material respects, in conformity with guidelines for presentation of a projection established by the American Institute of Certified Public Accountants, and the underlying assumptions provide a reasonable basis for management$$s projection. However, there will likely be differences between the projected and actual results because events and circumstances frequently do not occur as expected, and those differences may be material. We have no responsibility to update this report for events and circumstances occurring after the date of this report. Macias, Porter, and Singh, CPAs Milwaukee, Wisconsin June $30,20$XX