by G. Kim Risenmay
February 28, 2018
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We’re All Ears.
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At the end of each year, the Washington State Bar
Association (WSBA) hires an independent certified
public accounting firm to audit our financial statements.
In addition to verifying financial statement accuracy, the
auditors review, analyze, and test WSBA’s internal controls
for its reporting, management oversight, and other systems
related to the WSBA’s finances and the overall operations of
During our regularly scheduled January 2018 meeting, the
Budget and Audit Committee reviewed WSBA’s year-end fi-
nancial results for the fiscal year that ended on September 30,
2017 and received a report from the Clark Nuber accounting
firm on the results of its latest audit of WSBA’s finances. Clark
Nuber reported that it was issuing an “unmodified opinion”
concerning the accuracy of WSBA’s financial records. An un-
modified opinion means Clark Nuber determined that no ad-
justments to WSBA’s financial records need be made, it found
no material weaknesses in WSBA’s accounting system, and
Clark Nuber could not identify anything in WSBA’s financial
system that needed improvement. This very positive audit
report indicates that the WSBA’s finances are well managed
and accurate in all material aspects. For more information, the
audit report and WSBA’s audited financial statements can be
viewed at www.wsba.org/about-wsba/financial-info.
Please take note that WSBA’s audited financial report
for FY2017 shows that the WSBA exceeded FY17 budget
expectations by $1.4 million. This result is due to sig-
nificant cost savings that reduced operating expenses,
higher-than-anticipated revenues, and the hard work of our
dedicated WSBA employees. These results are particularly
helpful as we continue to look into the future and consider
budgeting needs for fiscal year 2019 and beyond.
Many thanks to the leadership of WSBA Executive
Director Paula Littlewood and Chief Operations Officer Ann
Holmes, the expertise of Controller Mark Hayes, and the
hard work of our employees for another clean WSBA audit
and strong year-end results.
Please don’t hesitate to contact me. I look forward to any
questions or feedback that you may have. NWL
G. KIM RISENMAY was elected to the Board of Governors in September 2015. He can be reached at kim@