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5 FINANCIAL BACKGROUND 411/ <br /> I ® I <br /> I ■♦/1 Tel: 614.488.3126 300 Spruce Street,Suite 100 <br /> Fax: 614-488 0095 Columbus,OH 43215 •• <br /> www.bdo.com <br /> 0 <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 <br /> sheets as of December 31,2016 and 2015(restated),and the related consolidated statements of <br /> income, changes in stockholders' equity, and cash flows for the years then ended, and the <br /> related notes to the consolidated financial statements. eib <br /> Management's Responsibility for the Financial Statements <br /> Management is responsible for the preparation and fair presentation of these consolidated0 <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 /> Our responsibility is to express an opinion on these consolidated financial statements based on • <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 to0 <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 <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 the0 <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 /> 11001.1.4,UP,a De4wara hmrted mbday Parnushb,b the U S.mertbet of 000 Ime,nahonal(YnIIM a UK company I:Inked W guarantee,and lams part of ma Intmnaforul , <br /> 80000roorl of k,deperdammember Ihm,. <br /> BOO b tho brand name for the BOO network and for each of tM BOO Member tura,. 1 <br /> 0 <br /> TURNER 64 --- RFP: 17-10-01 <br /> 0 <br /> 0 <br />