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0 <br /> 5 FINANCIAL BACKGROUND <br /> • • <br /> 0 <br /> -) Tel 614 488 3126 300 Spruce S1reOL,Suite 100 <br /> 0 Fax: 61.1-488.0095 Columbus,OH 43215 <br /> www.bdo,com <br /> 41) <br /> Independent Auditor's Report <br /> Board of Directors <br /> Fahlgren, Inc.and Subsidiaries <br /> dba Fahlgren Mortine <br /> Columbus, Ohio <br /> We have audited the accompanying consolidated financial statements of Fahlgren, Inc. and <br /> Subsidiaries dba Fahlgren Mortine (the Company), which comprise the consolidated balance I <br /> sheets as of December 31, 2015 and 2014, and the related consolidated statements of income, <br /> changes in stockholders'equity, and cash flows for the years then ended, and the related notes <br /> to the consolidated financial statements. <br /> Management's Responsibility for the Financial Statements 0 <br /> Management is responsible for the preparation and fair presentation of these consolidated <br /> financial statements in accordance with accounting principles generally accepted in the United <br /> States of America; this includes the design, implementation, and maintenance of internal <br /> control relevant to the preparation and fair presentation of consolidated financial statements <br /> that are free from material misstatement,whether due to fraud or error. <br /> Auditor's Responsibility <br /> 0i <br /> Our responsibility is to express an opinion on these consolidated financial statements based on0 <br /> our audits. We conducted our audits in accordance with auditing standards generally accepted <br /> in the United States of America. Those standards require that we plan and perform the audit to <br /> obtain reasonable assurance about whether the consolidated financial statements are free from <br /> material misstatement. <br /> An audit involves performing procedures to obtain audit evidence about the amounts and I 0 <br /> disclosures in the consolidated financial statements. The procedures selected depend on the <br /> auditor's judgment, including the assessment of the risks of material misstatement of the <br /> consolidated financial statements, whether due to fraud or error. In making those risk <br /> assessments, the auditor considers internal control relevant to the entity's preparation and fair <br /> presentation of the consolidated financial statements in order to design audit procedures that <br /> are appropriate in the circumstances, but not for the purpose of expressing an opinion on the <br /> effectiveness of the entity's internal control. Accordingly,we express no such opinion.An audit <br /> also includes evaluating the appropriateness of accounting policies used and the reasonableness <br /> of significant accounting estimates made by management, as well as evaluating the overall <br /> presentation of the consolidated financial statements. <br /> We believe that the audit evidence we have obtained is sufficient and appropriate to provide a <br /> basis for our audit opinion. <br /> 0 <br /> ) <br /> 0 <br /> WOUSA,IIC aDra..l:v:�milrrl l�sb�i.tf4.:tn.::I::I,,111,r US::�vmin-:VI DDv i,ittlnsi:gull::n.l�rt�l: n::ts,ltsE.a+��rr.�'�Ior:n.ss.srl:rl the vl.i:u'iUnsi <br /> ODO n«oi.of inNn•rvten[mr•txr l,nt: <br /> COO is 0,brand Ilimr,Or:n HUO rrl's:n:•413,140 n,,ah Oi[be I'Jtl M11rm,,•r 4irmr. 1 <br /> tl <br /> G1 I <br /> �(i•I <br /> TURNER 52 RFP: 17-10-01 <br /> t1 <br /> il <br />