SAE Foundation Annual Report 2013 - 51

To the Board of Directors
Page 2

Auditor's 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 2013 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, 2013, and the changes in its net assets and its cash
flows for the year then ended in conformity with accounting principles generally
accepted in the United States of America.
Emphasis of Matter
As discussed in Note 2, the Foundation restated its 2012 financial statements
during the current year to properly account for the classification of its net assets
between temporarily and permanently restricted net assets.
Our opinion on the
December 31, 2013 financial statements is not modified with respect to this matter.
Other Matters
The financial statements of SAE Foundation (a division of SAE International) for
the year ended December 31, 2012, before restatement for the matter described in the
Emphasis of Matter paragraph, were audited by Alpern Rosenthal, whose partners and
professional staff joined BDO USA, LLP effective December 16, 2013 and has
subsequently ceased operations. Alpern Rosenthal's report dated March 13, 2013,
expressed an unmodified opinion on those financial statements.
As part of our audit of the 2013 financial statements, we also audited the
adjustments described in Note 2 that were applied to restate the 2012 financial
statements. In our opinion, such adjustments are appropriate and have been properly
applied. We were not engaged to audit, review, or apply any procedures to the 2012
financial statements of the Foundation other than with respect to the adjustments and,
accordingly, we do not express an opinion or any other form of assurance on the 2012
financial statements as a whole.
March 20, 2014



SAE Foundation Annual Report 2013

Table of Contents for the Digital Edition of SAE Foundation Annual Report 2013

SAE Foundation Annual Report 2013 - Cover1
SAE Foundation Annual Report 2013 - Cover2
SAE Foundation Annual Report 2013 - 1
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SAE Foundation Annual Report 2013 - Cover3
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