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Crowder Gulf - Confidential
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• <br /> Warren 1725 North McKenzie St <br /> Foley,AL 36535 <br /> Ave rett 251.943.8571 <br /> CPAs AND ADVISORS warrenaverett.com <br /> 1 <br /> INDEPENDENT AUDITORS' REPORT <br /> To the Members <br /> CrowderGulf, LLC <br /> We have audited the accompanying financial statements of CrowderGulf, LLC, whi prise the <br /> balance sheets as of December 31, 2017 and 2016, and the related statems'of operations, <br /> changes in members' capital, and cash flows for the years then ended?an t e related notes to the <br /> financial statements. <br /> Management's Responsibility for the Financial Statement\ <br /> Management is responsible for the preparation and fair presentation of these financial statements in <br /> accordance with accounting principles generally accepted in theUnited States of America; this <br /> includes the design, implementation, and maintenance of i 1r�ter-raal control relevant to the preparation <br /> and fair presentation of financial statements that are'free from material misstatement, whether due <br /> to error or fraud. <br /> Auditors' Responsibility <br /> Our responsibility is to express an opini hese�na/ncial statements based on our audits. We <br /> conducted our audits in accordance wif'h auditing\standards generally accepted in the United States <br /> of America. Those standards re uthat we plan and perform the audit to obtain reasonable <br /> assurance about whether the finanncia state ents are free from material misstatement. <br /> An audit involves performing procedures to obtain audit evidence about the amounts and <br /> disclosures in the financials 9rstents. Theprocedures selected depend on the auditors' judgment, <br /> including the assessme�i�t of�tiaeg.isks of material misstatement of the financial statements, whether <br /> due to fraud or error. In`nnaking\\those risk assessments, the auditor considers internal control <br /> relevant to the etitys-s-preparation and fair presentation of the financial statements in order to <br /> design audit proce es-that_are appropriate in the circumstances, but not for the purpose of <br /> expressing,arioprnionotp the effectiveness of the entity's internal control. Accordingly, we express <br /> no such opinnion. A audivalso includes evaluating the appropriateness of accounting policies used <br /> and the (reasonableness of significant accounting estimates made by management, as well as <br /> evaluating\tbe overallpresentation of the financial statements. <br /> W'a believe-that the audit evidence we have obtained is sufficient and appropriate to provide a basis <br /> Re <br /> our audit opinion. <br /> Opinion <br /> In our opinion, the financial statements referred to above present fairly, in all material respects, the <br /> financial position of CrowderGulf, LLC as of December 31, 2017 and 2016, and the results of its <br /> operations and cash flows for the years then ended in accordance with accounting principles <br /> generally accepted in the United States of America. <br /> 1 <br /> 1 1 <br />
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