Exhibit 18-1
Board of Directors
Golden Enterprises, Inc.
2140 11th Avenue South, Suite 208
Birmingham, Alabama 35205
Note 3 to the Consolidated Financial Statements of Golden Enterprises, Inc
and subsidiary incorporated by reference in its Form 10-k for the year
ended May 31, 2002 describes a change in the method of accounting
for slotting fees from expensing the costs when incurred to capitalizing and
amortizing such costs over the expected benefit period, which is generally
one year. There is no authoritative criteria for determining a preferable
method based on the particular circumstances; however, we conclude
that such change in the method of accounting for the costs of
slotting fees is an acceptable alternative method which, based on
your business judgment to make this change and for the stated
reasons, is preferable in your circumstances.
Yours very truly,
DUDLEY, HOPTON-JONES, SIMS & FREEMAN PLLP
August 14, 2002
Birmingham, Alabama