INDEPENDENT AUDITORS’ REPORT ON THE FINANCIAL STATEMENTS OF THE AFRICAN ECONOMIC RESEARCH CONSORTIUM, INC
We have audited the accompanying financial statements of African Economic Research Consortium, Inc, (“Consortium”) set out on pages 38 to 40 which comprise the statement of financial position as at 31 March 2021 and 2020, statement of activities and changes in net assets, schedule of expenditure per objective, schedule of functional expenditure and statement of cash flows for the year then ended, and the notes to the financial statements, including a summary of significant accounting policies.
Opinion:
In our opinion, the accompanying financial statements give a true and fair view of the financial position of the Consortium as at 31 March 2021 and 2020, and of its financial performance and cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America