No. That said, independent audited statements provide MMT with assurance that an organization's finances are presented fairly in all material respects. Should we request a full proposal from your organization, we will request current year financial statements (balance sheet and income statement) and financial statements for the three prior years. For prior years' statements, audited statements are preferred, if available. For audited statements, we will request a copy of the management letter, your responses to the management letter and adusting journal entries (AJEs) for the most recently completed fiscal year.
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