SAE Foundation Annual Report 2012 - 36

To the Board of Directors
Page 2
Auditors’ Responsibility (Continued)
We believe that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our audit opinion.
Opinion
In our opinion, the financial statements referred to above present fairly, in all
material respects, the financial position of SAE Foundation (a division of SAE International)
as of December 31, 2012 and 2011, and the changes in its net assets and its cash flows
for the years then ended in conformity with accounting principles generally accepted in the
United States of America.

March 13, 2013

36



SAE Foundation Annual Report 2012

Table of Contents for the Digital Edition of SAE Foundation Annual Report 2012

SAE Foundation Annual Report 2012 - 1
SAE Foundation Annual Report 2012 - 2
SAE Foundation Annual Report 2012 - 3
SAE Foundation Annual Report 2012 - 4
SAE Foundation Annual Report 2012 - 5
SAE Foundation Annual Report 2012 - 6
SAE Foundation Annual Report 2012 - 7
SAE Foundation Annual Report 2012 - 8
SAE Foundation Annual Report 2012 - 9
SAE Foundation Annual Report 2012 - 10
SAE Foundation Annual Report 2012 - 11
SAE Foundation Annual Report 2012 - 12
SAE Foundation Annual Report 2012 - 13
SAE Foundation Annual Report 2012 - 14
SAE Foundation Annual Report 2012 - 15
SAE Foundation Annual Report 2012 - 16
SAE Foundation Annual Report 2012 - 17
SAE Foundation Annual Report 2012 - 18
SAE Foundation Annual Report 2012 - 19
SAE Foundation Annual Report 2012 - 20
SAE Foundation Annual Report 2012 - 21
SAE Foundation Annual Report 2012 - 22
SAE Foundation Annual Report 2012 - 23
SAE Foundation Annual Report 2012 - 24
SAE Foundation Annual Report 2012 - 25
SAE Foundation Annual Report 2012 - 26
SAE Foundation Annual Report 2012 - 27
SAE Foundation Annual Report 2012 - 28
SAE Foundation Annual Report 2012 - 29
SAE Foundation Annual Report 2012 - 30
SAE Foundation Annual Report 2012 - 31
SAE Foundation Annual Report 2012 - 32
SAE Foundation Annual Report 2012 - 33
SAE Foundation Annual Report 2012 - 34
SAE Foundation Annual Report 2012 - 35
SAE Foundation Annual Report 2012 - 36
SAE Foundation Annual Report 2012 - 37
SAE Foundation Annual Report 2012 - 38
SAE Foundation Annual Report 2012 - 39
SAE Foundation Annual Report 2012 - 40
SAE Foundation Annual Report 2012 - 41
SAE Foundation Annual Report 2012 - 42
SAE Foundation Annual Report 2012 - 43
SAE Foundation Annual Report 2012 - 44
SAE Foundation Annual Report 2012 - 45
SAE Foundation Annual Report 2012 - 46
SAE Foundation Annual Report 2012 - 47
SAE Foundation Annual Report 2012 - 48
SAE Foundation Annual Report 2012 - 49
SAE Foundation Annual Report 2012 - 50
SAE Foundation Annual Report 2012 - 51
SAE Foundation Annual Report 2012 - 52
SAE Foundation Annual Report 2012 - 53
https://www.nxtbookmedia.com