2006 Audit Final

CENTER FOR INVESTIGATIVE REPORTING, INC. FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION For the Year Ended December 31, 2006 TABLE OF CONTENTS Page Report of Independent Auditor 1 Financial Statements Statement of Financial Position 2 Statement of Activities 3 – 4 Statement of Cash Flows 5 Notes to Financial Statements 6 – 10 Supplementary Information Schedule of Expenses 11 REPORT OF INDEPENDENT AUDITOR Board of Directors Center for Investigative Reporting, Inc. I have audited the statement of financial position of Center for Investigative Reporting, Inc. (Center) as of December 31, 2006, and the related statements of activities and cash flows for the year then ended. These financial statements are the responsibility of the Center’s management. My responsibility is to express an opinion on these financial statements based on my audit. I conducted my audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that I plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial ...