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1 Doral Office: 1985 NW 88th Court, Suite 101, Doral, FL 33172 ∙ Phone: 305-593-2644 ∙ Fax: 305-593-0390 Miami-Lakes Office: 6625 Miami Lakes Drive, Suite 418, Miami Lakes, FL 33014 ∙ Phone: 305-779-8581 ______________________________________ www.rtc-cpa.com _____________________________________ Member of the American Institute of Certified Public Accountants ∙ Member of the Florida Institute of Certified Public Accountants INDEPENDENT AUDITORS' REPORT ON STATEMENT OF DIRECT LABOR, FRINGE BENEFITS AND GENERAL OVERHEAD To the Board of Directors Calvin, Giordano & Associates, Inc. Fort Lauderdale, Florida Report on the Financial Statement We have audited the accompanying statement of direct labor, fringe benefits and general overhead of Calvin, Giordano & Associates, Inc. (the Company) for the year ended December 31, 2017, and the related notes (the financial statement). Management’s Responsibility for the Financial Statement Management is responsible for the preparation and fair presentation of this financial statement in accordance with the basis of accounting prescribed by Part 31 of the Federal Acquisition Regulation (FAR) and certain other federal and state regulations described in Note B; this includes determining that the basis of accounting is an acceptable basis for the preparation of the financial statement in the circumstances. Management is also responsible for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of the financial statement that is free from material misstatement, whether due to fraud or error. Auditor’s Responsibility Our responsibility is to express an opinion on the financial statement based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statement. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statement, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statement in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statement. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. 68