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MAP Financial Statement 2007

MAP Financial Statement 2007

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Published by MAP International

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Published by: MAP International on Jan 24, 2011
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01/24/2011

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MAP INTERNATIONAL
FINANCIAL STATEMENTS
With Independent Auditors’ ReportSeptember 30, 2007 and 2006
 
MAP INTERNATIONAL
Table of Contents
PagesIndependent Auditors’ Report
1
Financial StatementsStatements of Financial Position2-3Statements of Activities4-5Statements of Cash Flows6-7Statement of Functional Expenses 20078Statement of Functional Expenses 20069 Notes to Financial Statements10-24
 
INDEPENDENT AUDITORS’ REPORT
Board of Directors
MAP International
Brunswick, GeorgiaAtlanta, GeorgiaJanuary 10, 2008We have audited the accompanying statements of financial position of 
MAP International
as of September 30, 2007, and 2006 and the related statements of activities, cash flows, and functional expensesfor the years then ended. These financial statements are the responsibility of the organization’smanagement. 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 audits to obtain reasonable assuranceabout whether the financial statements are free of material misstatement. An audit includes considerationof internal control over financial reporting as a basis for designing audit procedures that are appropriate inthe circumstances but not for the purpose of expressing an opinion on the effectiveness of theorganization’s internal control over financial reporting. Accordingly, we express no such opinion. Anaudit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financialstatements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statements 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, thefinancial position of 
MAP International
as of September 30, 2007, and 2006 and the changes in its netassets and its cash flows for the years then ended in conformity with accounting principles generallyaccepted in the United States of America.

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