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FINANCE

The Financial Statements of Islamic Foundation North have been audited by an independent public accounting firm every year since 2004 when the Center moved to its existing location. Alhamdulillah, we are pleased to inform you that the auditors have issued a clean opinion for each of the years which means that the Financial Statements prepared by IFN

The Finance Committee's primary concern this past year and this upcoming year is governed by the IFN bylaws. Per the IFN bylaws, IFN is required to perform a full financial audit by a third party every 2 years. IFN has hired the audit firm Evyo, Kamschulte, Jacobs & Co. to perform a full audit. IFN provided the financial/non-financial information requested by the auditors and the finance committee has been meeting with them on an as needed basis to respond to their questions and/or provide additional information. As part of the audit process, requests have been mailed out to financial institutions to confirm directly to the auditors the balances held by them on behalf of IFN (Third party confirmations).

The BOT will inform the community when the audit is completed.

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