2024 Digital Annual Report

In performing an audit of financial statements and an audit of internal control over financial reporting in accordance with GAAS, we:  Exercise professional judgment and maintain professional skepticism throughout the audits.  Iadnedn tpi ef yr faonr dma sa suedsist tphreorciesdk us roef smraetseproi anl smi vies sttoa ttehmo seen tr oi sf kt sh. eSfui nc ahnpc iraolcsetda ut erme se ni nt cs l, uwdhee et hxearmdi un ei ntgo, for na uad toerset rbr ao sr i, sa, nedv di deesni gcne regarding the amounts and disclosures in the financial statements.  Othbattaainreaanpupnrdoperrsiatatendinintgheofciirnctuemrnsatlancocnestr. ol relevant to the financial statement audit in order to design audit procedures  Or ebpt oa ri nt i na gn , ua ns sdeesrss tt ahne driins gk so tf hi na tt ear nmaal tceor ni at lr owl eoavkenr efsi ns aenx ci si at sl , raenpdo rt tei sntga rnedl eevvaanl ut at ot et ht he ea du edsi ti gonf ai nntde ronpael rcaot ni nt gr oel f of evcet ri vf ei nnaens sc i oa fl internal control over financial reporting based on the assessed risk.  Eb yv aml uaantaegtehme eanptp, raospwr iealtleanseesvs aol fuaact ec ot uh ne toi nvge rpaol ll ipcri eess eunsteadt iaonndotfhteh er efai ns aonncaiballesntea st es mo fesnitgsn. i f i c a n t a c c o u n t i n g e s t i m a t e s m a d e  Ca bo onuc ltuFdi er swt Bh ea tnhceorr, pi n, Ionuc r. aj unddgSmu eb ns itd, ti ahreirees ’aar be icl iot ny dt iot icoonnst oi nrueev ae ns tas ,gcooi nn gs i dc oenr ec de rinn ftohre aa gr eg ar es og antaeb, lteh apte rr ai oi sde osfutbi ms t ea .n t i a l d o u b t Wo f et haer ea ur edqi tu, isr iegdn it foi ccaonmt ma uudni ti cfai nt ed wi n igt sh, tahnods ec ec rhtaa ri ng ei dn twe ri tnha gl oc ov ne rt rnoaln- rceel ar et egda rmd iant gt e, ra smt oh na gt wo teh ei dr emn tai tf ti ee rds d, tuhrei npgl atnh ne ef di nsacnocpi ae l asnt da t tei mm ei nngt audit. Definition and Inherent Limitations of Internal Control over Financial Reporting Ao tnh ei nr spt iet rustoi onnn’ es l i, ndteesring anle cdotnot rporloov vi de er rf ienaasnocni aa bl lree pa sosrut irnagn ci se ar epgraorcdeisnsg etfhf eecpt er de pbayr at thi oo sne ocf hraerl igaebdl ewf ii tnha ng coivael rsnt aa tnecme , emn tasniangaecmc oe rndt ,a annc de wc oint hd ua cc ct eodu nt toi nmg eper ti ntchi pe l er es pg oe rntei nr agl l ryeaqcucierpe tme de ni nt st hoef US ne ci ttei odnS t1a1t e2s oo ff At hmee Fr iecda e. Br aelc aDuespeoms i at nI angs eumr aenncte’ s Caos sr epsosrma tei onnt aInmdporuorv ae umdei tn wt Ae rcet (pFr De pI Ca IrAa )t i, oonuor f af iundaint coi af l Fs itrastte mB aennct so ri np , a Icncco. r da na nd c Se uwbistihd iaacrci oe us ni tni tnegr npar il nccoi pnlterso lg eonveerra lf liyn aanc cc ei apl t er edpi on rtthi ne gU inni ct el uddSetda t ceos notfr Ao lms eorvi cear atnhde wc oint ht rtohle oi nv es trr uf icntai onnc si atlo rtehpeoCr ot innsgo li indcal ut edde Fs i tnhaonscei apl oS tl iactieems eanntds fporroBc ea dn ku rHe os l dt hi na gt C( 1o)mppearnt iaei sn ( tFoo rtmh eF mR aYi-n9tCe)n. aAnnc ei nos ft i true tcioornd’ ss i tnht ae tr,nianl ra es as us or anna cbel et hd ae tt at irl a, ancscauc rt iaot ne lsy aarnedr feacior lryd reedf laesc tntehcee st rsaanr ys atcot ipoenrsma int dp dr ei sppaor saittiioonn so of ff itnhaenacsi sa el tsst aotf etmh ee ni nt ss t ii nt uat icocno ;r (d2a)npc reowv iidt he ar ec ac os ounnat ibnl ge po nr ilny ciinp laecsc goer nd ea rnaclel ywaict cheaput et hdoirni ztahtei oUnns i ot ef dmSatna at egse mo feAnmt aenr di c at h, aons ed ct hh aa tr greedc ewi pi tt hs agnodv eerxnpaenncdei;t aunr eds (o3f) tphreo ivni sdtei truetai os no naarbe l eb eaisnsgu rma andc ee rtheagtarcdoiunlgd phraevveeantmioante, roiraltiemffeelcyt donettehcetiofinnaanncdiaclosrtraetectmioenntosf. unauthorized acquisition, use, or disposition of the institution’s assets BA el scoa, upsreo oj ef ci tt iso innshoe fr eannty l iams si teastsimo nesn, ti notfeer fnf ea cl tci ov ne tnreosl sotvoe frufti un raen cpiea rl i roedpsoar rt ien sgumb jaeyc tntoot tphree vr ei snkt , t oh ra td ceot enct tr oa lns dmcaoyr rbeec ct ,ommies si tnaat de emqeunattse. because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Beckley, West Virginia February 25, 2025

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