0001325358-16-001934.txt : 20160729 0001325358-16-001934.hdr.sgml : 20160729 20160729153224 ACCESSION NUMBER: 0001325358-16-001934 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160531 FILED AS OF DATE: 20160729 DATE AS OF CHANGE: 20160729 EFFECTIVENESS DATE: 20160729 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALLIED ASSET ADVISORS FUNDS CENTRAL INDEX KEY: 0001105877 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-09821 FILM NUMBER: 161793888 BUSINESS ADDRESS: STREET 1: 721 ENTERPRISE DRIVE STREET 2: SUITE 100 CITY: OAK BROOK STATE: IL ZIP: 60523 BUSINESS PHONE: 4147656029 MAIL ADDRESS: STREET 1: 721 ENTERPRISE DRIVE STREET 2: SUITE 100 CITY: OAK BROOK STATE: IL ZIP: 60523 FORMER COMPANY: FORMER CONFORMED NAME: AAA FUNDS DATE OF NAME CHANGE: 20000209 0001105877 S000005190 Iman Fund C000014168 Iman Fund Class K IMANX NSAR-B 1 answer.fil MAIN DOCUMENT 000 B000000 05/31/2016 000 C000000 0001105877 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 B 001 A000000 ALLIED ASSET ADVISORS FUNDS 001 B000000 811-09821 001 C000000 4147655409 002 A000000 615 E. 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075 B000100 66512 076 000100 0.00 080 A000100 CHUBB GROUP OF INSURANCE COMPANIES 080 C000100 400 081 A000100 N 082 A000100 N 082 B000100 0 083 A000100 N 083 B000100 0 084 A000100 N 084 B000100 0 085 A000100 N 085 B000100 N SIGNATURE BASSAM OSMAN TITLE PRESIDENT EX-99.77B ACCT LTTR 2 imanfund-nsar.htm EX-99.77B ACCT LTTR 

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders and Board of Trustees of
Iman Fund

In planning and performing our audit of the financial statements of Iman Fund (the "Fund") as of and for the year
ended May 31, 2016, in accordance with the standards of the Public Company Accounting Oversight Board (United
States), we considered the Fund's internal control over financial reporting, including controls over safeguarding
securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial
statements and to comply with the requirements of Form N-SAR, but not for the purpose of expressing an opinion
on the effectiveness of the Fund's internal control over financial reporting.  Accordingly, we express no such
opinion.

The management of the Fund is responsible for establishing and maintaining effective internal control over financial
reporting.  In fulfilling this responsibility, estimates and judgments by management are required to assess the
expected benefits and related costs of controls.  A fund's internal control over financial reporting is a process
designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of
financial statements for external purposes in accordance with generally accepted accounting principles (GAAP).  A
fund's internal control over financial reporting includes those policies and procedures that (1) pertain to the
maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the
assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation
of financial statements in accordance with GAAP, and that receipts and expenditures of the fund are being made
only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable
assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund's assets
that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.
Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may
deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not
allow management or employees, in the normal course of performing their assigned functions, to prevent or detect
misstatements on a timely basis.  A material weakness is a deficiency, or combination of deficiencies, in internal
control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Fund's
annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Fund's internal control over financial reporting was for the limited purpose described in the
first paragraph and would not necessarily disclose all deficiencies in internal control that might be material
weaknesses under standards established by the Public Company Accounting Oversight Board (United States).
However, we noted no deficiencies in the Fund's internal control over financial reporting and its operation,
including controls over safeguarding securities, that we consider to be a material weakness as defined above as of
May 31, 2016.

This report is intended solely for the information and use of management and the Board of Trustees of the Fund and
the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than
these specified parties.




COHEN FUND AUDIT SERVICES, LTD.
Cleveland, Ohio
July 28, 2016