A Report on the Audit of the Permanent School Fund’s Fiscal Year 2020 Financial Statements
In our audit report dated December 18, 2020, we concluded that the Permanent School Fund’s (the Fund) basic financial statements for fiscal year 2020 were
materially correct and presented in accordance with accounting principles generally accepted in the United States of America. The Fund published our audit
report as part of its basic financial statements, which it intends to post on its Web site at
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We also issued a report on internal control over financial reporting and on compliance and other matters as required by auditing standards. Our procedures did not identify
any material weaknesses in internal control over financial reporting or any noncompliance with laws or regulations that materially affected the financial statements.
In addition, the major internal controls that we tested for the purpose of forming our opinions on the financial statements were operating effectively.