Notes on the Independent Auditor’s Report For a Non-Issuer (try to remember)...

The following are some notes on the Independent Auditor’s Report for a non-issuer:
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Independent Auditor's Report
To the shareholders and the board of directors of [company name]

• Report on Internal Control Over Financial Reporting: We have AUDITED [name] Company’s internal control over financial reporting as of [date] based on criteria established in the Internal Control—Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).
• Management’s Responsibility for Internal Control Over Financial Reporting: Management is responsible for designing, implementing, and maintaining effective internal control over financial reporting, and for its assessment about the effectiveness of internal control over financial reporting, included in the accompanying “Management’s Report on Internal Control.”
• Auditor‘s Responsibility: Our responsibility is to express an opinion on the entity's internal control over financial reporting based on our AUDIT. We conducted our audit in accordance with AUDITING STANDARDS GENERALLY ACCEPTED in the United States of America. 
• Auditor‘s Responsibility:Those standards require that we plan and perform the audit to obtain REASONABLE assurance about whether effective internal control over financial reporting was maintained in all material respects. An audit of internal control over financial reporting involves performing procedures to obtain audit evidence about whether a MATERIAL WEAKNESS exists. The procedures selected depend on the auditor's judgment, including the assessment of the risks that a material weakness exists. An audit includes obtaining an understanding of internal control over financial reporting and testing and evaluating the design and operating effectiveness of internal control over financial reporting based on the assessed risk. We believe that the audit evidence we have obtained is SUFFICIENT AND APPROPRIATE to provide a basis for our audit opinion.
• Definition and Inherent Limitations of Internal Control Over Financial Reporting: An entity's internal control over financial reporting is a process effected by those charged with governance, management, and other personnel, designed to provide REASONABLE ASSURANCE regarding the preparation of reliable financial statements in accordance with accounting principles generally accepted in the United States of America. An entity's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the entity; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with accounting principles generally accepted in the United States of America, and that receipts and expenditures of the entity are being made only in accordance with authorizations of management and those charged with governance; and (3) provide reasonable assurance regarding prevention, or timely detection and correction, of unauthorized acquisition, use, or disposition of the entity's assets that could have a material effect on the financial statements. Because of its INHERENT LIMITATIONS, internal control over financial reporting may not prevent, or detect and correct, misstatements.
• Opinion: [Name] Company maintained, in all material respects, effective internal control over financial reporting as of December 31, year 1, based on the Internal Control–Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). 
  
• Report on Financial Statements: We also have audited, in accordance with auditing standards generally accepted in the United States of America, the financial statements of [Name] Company and our report dated [xxxx], expressed an unmodified opinion.
  

cc: Audit