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HERBERT WOLL
CERTIFIED PUBLIC ACCOUNTANT
2891 GANT QUARTERS DRIVE 23611 CHAGRIN BLVD. STE 101
MARIETTA, GA 30068 BEECHWOOD, OH 44122
(770) 565-7299 (216) 292-7505
FAX (770) 977-5622 FAX (216) 464-1802
REPORT OF INDEPENDENT ACCOUNTANT
Board of Directors and Shareholders
Genesis Insurance & Financial Services, Inc.
Chattanooga, Tennessee
I have audited the accompanying consolidated balance sheet of Genesis Insurance
& Financial Services, Inc. and its wholly owned subsidiaries, as of September
30, 1996, and the related consolidated statement of operations for the period
then ended. These consolidated financial statements are the responsibility of
the company's management. My responsibility is to express an opinion on these
consolidated financial statements based on my audit.
I have conducted the audit in accordance with generally accepted auditing
standards. These standards require that I plan and perform the audit to obtain
reasonable assurance about whether the consolidated financial statements are
free of material misstatements. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the consolidated financial
statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
consolidated financial statement preparation. I believe that my audits provide
a reasonable basis for my opinion.
In my opinion the consolidated financial statements referred to above present
fairly, in all material respects, the consolidated financial position of
Genesis Insurance & Financial Services, Inc. and its subsidiaries as of
September 30, 1996 and the results of their consolidated operations for the
period then ended in conformity with generally accepted accounting principles.
Herbert E. Woll, C.P.A.
September 30, 1996 |
