CLIENT: BLUE SKY INNOVATIVE SOLUTIONS

Country:  USA

Sector:  Utility/Infrastructure

Service:  Financial Management/Management Consulting

Project:  Financial Statement Review

Project Description: Blue Sky Innovative Solutions contracted IBS to assist in performing a review of its financial statements, which comprise the balance sheet as of December 31, 2019, and the related statements of income, member’s  equity  and  cash  flows for the year then ended, and the related notes to the financial statements.  A review includes primarily applying analytical procedures to management’s financial data and making inquiries of company’s management.  A review engagement does not contemplate obtaining an understanding of the Company's internal control; assessing fraud risk; testing accounting records by obtaining sufficient appropriate audit evidence through inspection, observation, confirmation, or the examination of source documents; or other procedures ordinarily performed in an audit engagement.  A review is substantially less in scope than an audit, the objective of which is the expression of an opinion regarding the financial statements as a whole. Accordingly, we did not express such an opinion.

We conducted the review engagement in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the American Institute of Certified Public Accountants (AICPA). Those standards require us to perform procedures to obtain limited assurance as a basis for reporting whether we are aware of any material modifications that should be made to the financial statements for them to be in accordance with accounting principles generally accepted in the United States of America.