Chamber receives unmodified opinion on financial audit

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June 08, 2017
Every year, the Richardson Chamber undergoes a financial audit to ensure the fiscal stability and financial responsibility of the organization. This year, Judd, Thomas, Smith & Company conducted the audit and issued an unmodified opinion. This indicates a clean audit in which financial statements are presented in accordance with applicable financial reporting framework.
Judd, Thomas, Smith & Company works with many chambers of commerce, and its evaluators are experienced in using best practices to conduct audits. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.
Lucynda Beane
(972) 792-2808