SB & Company, LLC (SBC)—an independent public accounting firm—presented an unmodified opinion on the Denali Commission’s (the Commission’s) fiscal year (FY) 2017 financial statements.1 SBC performed the audit in accordance with U.S. generally accepted government auditing standards and Office of Management and Budget (OMB) Bulletin 17-03, Audit Requirements for Federal Financial Statements.In its audit of the Commission, SBC• identified no instances of deficiency or material weakness in internal control over financial reporting;• identified no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards or OMB audit guidance; and• determined that the financial statements were fairly presented in all material respects and in conformity with U.S. generally accepted accounting principles. The Denali Commission OIG oversaw the audit performance, including the review of SBC’s report and related documentation and inquiries of its representatives. Our review disclosed no instances where SBC did not comply, in all material respects, with U.S. generally accepted government auditing standards. As differentiated from an audit in accordance with these standards, our review was not intended to enable us to express any opinion on the Commission’s financial statements. Therefore, we do not express any opinion on the Commission’s financial statements, conclusions about the effectiveness of internal control, or conclusions on compliance with laws, regulations, contracts, and grant agreements. SBC is solely responsible for the attached audit report, dated November 6, 2017, and the conclusions expressed in it.
Anchorage, AK
United States
