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7 Cards in this Set

  • Front
  • Back
Introductory P1
We have audited the accompanying balance sheets of the corporation as of December 31st 2009 and 2008, and the related statements of income, retained earnings, and cash flows for the years then ended.
Introductory P2
These financial statements are the responsibility of the Company's management. Our responsibility is to express and opinion on these financial statements based on our audits.
Explanatory P1
We conducted our audits in accordance with auditing standards that are generally accepted in the United States of America. Those standards require that we plan and perform THE AUDIT to obtain reasonable assurance about whether the financial statements are free of material mistatement.
Explanatory P2
An audit includes examining, on a test basis, evidnece supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating overall financial statement presentation.
Explanatory P3
We believe our audits provide a reasonable basis for our opinion.
Opinion P1
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the corporation as of December 31, 2009 and 2008,
Opinion P2
and THE RESULTS of its operations and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America.