The Southwestern Historical Quarterly, Volume 92, July 1988 - April, 1989 Page: 641

Affairs of the Association
Financial Report
IVIE & MIXON
Certified Public Accountants
To the Members
Texas State Historical Association
Independent Auditor's Report
We have audited the accompanying balance sheets of the Texas State
Historical Association as of August 31, 1988 and 1987, and the related
statements of support, revenue, and expenses and changes in fund bal-
ances for the years then ended. These financial statements are the re-
sponsibility of the association's management. Our responsibility is to ex-
press an opinion on these financial statements based on our audits.
We conducted our audits in accordance with generally accepted au-
diting standards. Those standards require that we plan and perform
the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes exam-
ining, on a test basis, evidence supporting the amounts and disclosures
in the financial statements. An audit also includes assessing the ac-
counting principles used and significant estimates made by manage-
ment, as well as evaluating the overall financial statement presentation.
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 Texas State
Historical Association as of August 31, 1988 and 1987, and the results
of its operations for the years then ended, in conformity with generally
accepted accounting principles.
Austin, Texas
February 2o, 1989