PRISM FY2008 Annual Audit

PEOPLE RESPONDINGIN SOCIAL MINISTRYREPORT ON AUDITJANUARY 31, 2009INDEPENDENT AUDITOR'S REPORTTo the Board of DirectorsPeople Responding In Social MinistryWe have audited the accompanying statement of financial position ofPeople Responding In Social Ministry ( a Minnesota nonprofitorganization) as of January 31, 2009 and 2008, and the relatedstatements of activities, functional expenses, and cash flows forthe years t hen ended. T hese financial statements are theresponsibility of the Organization's management. Our responsibilityis to express an opinion on these based on ouraudits.We conducted our audits in accordance with auditing standardsgenerally accepted in the United States of America. Those require that we plan and perform the audit to obtain reasonableassurance about whether the financial statements are free ofmaterial misstatement. An audit includes examining, on a testbasis, evidence supporting the amounts and disclosures in thefinancial statements. A n audit also includes assessing theaccounting principles used and significant estimates made bymanagement, as well as evaluating the overall financial statementpresentation. We believe that our audits provide a reasonable basisfor our opinion.In our opinion, the financial statements referred to above presentfairly, in all material respects, the financial position of PeopleResponding In Social Ministry as of January 31, 2009 and 2008, andthe changes in its net assets and its cash ...