F S N ORWEGIAN R EFUGEE C OUNCIL USA F

Opinion We have audited the accompanying financial statements of the Norwegian Refugee Council USA (NRC USA), which comprise the statement of financial position as of December 31, 2022, and the related statements of activities and change in net assets, functional expenses and cash flows for the year then ended, and the related notes to the financial statements. [...] In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of NRC USA as of December 31, 2022, and the change in its net assets and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America. [...] Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that. [...] Use of estimates - The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. [...] 14 F/S beg Table of Contents Opinion end beg fs Assets Balance Sheet Ending Liabilities end Stmt of Activities Stmt of Functional Expense cy beg Stmt of Functional Expense Stmt of Cash Flows Notes to the financial statements Notes to the financial statements Notes to the financial statements Notes to the financial statements Notes to the financial statements Notes to the financial statements Notes.