The Southwestern Historical Quarterly, Volume 107, July 2003 - April, 2004 Page: 155

Affairs of the Association
Financial Report
Accountants and Consultants
To the Members
Texas State Historical Association
Independent Auditors' Report
We have audited the accompanying statements of financial position of the
Texas State Historical Association (Association) as of August 31, 2oo2 and 2oo001
and the related statements of activities and cash flows for the years then ended.
These financial statements are the responsibility of the Association's manage-
ment. Our responsibility is to express an opinion on these financial statements
based on our audits.
We conducted our audits in accordance with U.S. generally accepted auditing
standards. Those standards require that we plan and perform the audits to ob-
tain reasonable assurance about whether the financial statements are free of ma-
terial misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit al-
so includes assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial statement pre-
sentation. 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, the financial position of the Association as of August 31, 2002
and 2001 and the results of its activities and its cash flows for the year then end-
ed, in conformity with U.S. generally accepted accounting principles.
December 9, 2oo2
Austin, Texas

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Texas State Historical Association. The Southwestern Historical Quarterly, Volume 107, July 2003 - April, 2004, periodical, 2004; Austin, Texas. ( accessed December 13, 2017), University of North Texas Libraries, The Portal to Texas History,; crediting Texas State Historical Association.