National Academies Press: OpenBook

Report of the Treasurer for the Year Ended December 31, 2009 (2010)

Chapter: KMPG LLP Independent Auditors' Report

« Previous: Report of the Auditing Committee of the National Academy of Sciences
Suggested Citation:"KMPG LLP Independent Auditors' Report." National Academy of Sciences. 2010. Report of the Treasurer for the Year Ended December 31, 2009. Washington, DC: The National Academies Press. doi: 10.17226/12936.
×

KPMG LLP

2001 M Street, NW Washington, DC 20036

Independent Auditors’ Report

The Auditing Committee

National Academy of Sciences:

We have audited the accompanying statements of financial position of the National Academy of Sciences (NAS) as of December 31, 2009 and 2008, and the related statements of activities and cash flows for the years then ended. These financial statements are the responsibility of NAS’ management. Our responsibility is to express an opinion on these financial statements based on our audits.


We conducted our audits in accordance with auditing standards 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 misstatement. An audit includes consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of NAS’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.


In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of NAS as of December 31, 2009 and 2008, and its changes in net assets and its cash flows for the years then ended in conformity with U.S. generally accepted accounting principles.

May 21, 2010

KPMG LLP, a U.S. limited liability partnership, is the U.S.member firm of KPMG International, a Swiss cooperative.

Suggested Citation:"KMPG LLP Independent Auditors' Report." National Academy of Sciences. 2010. Report of the Treasurer for the Year Ended December 31, 2009. Washington, DC: The National Academies Press. doi: 10.17226/12936.
×
Page 41
Next: Statements of Financial Position »
Report of the Treasurer for the Year Ended December 31, 2009 Get This Book
×
MyNAP members save 10% online.
Login or Register to save!
Download Free PDF

This Report of the Treasurer of the National Academy of Sciences presents the financial position and results of operations, as well as a review of the endowment, trust, and other long-term investments pool activities of the Academy for the year ended December 31, 2009.

  1. ×

    Welcome to OpenBook!

    You're looking at OpenBook, NAP.edu's online reading room since 1999. Based on feedback from you, our users, we've made some improvements that make it easier than ever to read thousands of publications on our website.

    Do you want to take a quick tour of the OpenBook's features?

    No Thanks Take a Tour »
  2. ×

    Show this book's table of contents, where you can jump to any chapter by name.

    « Back Next »
  3. ×

    ...or use these buttons to go back to the previous chapter or skip to the next one.

    « Back Next »
  4. ×

    Jump up to the previous page or down to the next one. Also, you can type in a page number and press Enter to go directly to that page in the book.

    « Back Next »
  5. ×

    Switch between the Original Pages, where you can read the report as it appeared in print, and Text Pages for the web version, where you can highlight and search the text.

    « Back Next »
  6. ×

    To search the entire text of this book, type in your search term here and press Enter.

    « Back Next »
  7. ×

    Share a link to this book page on your preferred social network or via email.

    « Back Next »
  8. ×

    View our suggested citation for this chapter.

    « Back Next »
  9. ×

    Ready to take your reading offline? Click here to buy this book in print or download it as a free PDF, if available.

    « Back Next »
Stay Connected!