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Carlos County CouncilQuality Assurance Report, 2020Issued Barlow County CouncilSubmitted to the National Oversight Audit Commission (NOAA)May, 2021CERTIFICATIONThe annual Quality Assurance Report
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01
Obtain the necessary financial documents such as income statement, balance sheet, and cash flow statement.
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Review the financial documents to ensure accuracy and completeness.
03
Perform testing procedures on key financial transactions and account balances.
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Document the audit findings and conclusions in the statutory audit report template.
05
Obtain management representation letter and any necessary additional information.
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Finalize the statutory audit report and submit it to the relevant authorities.

Who needs statutory audit report to?

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Publicly traded companies that are required by law to have an external audit of their financial statements.
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Private companies that have stakeholders or lenders who require assurance on the accuracy of their financial statements.
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Government agencies that receive funding or grants and are subject to audit requirements.
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Nonprofit organizations that receive donations and need to provide assurance to donors.
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Statutory audit report is a document that provides an independent assessment of a company's financial statements and compliance with applicable laws and regulations.
Statutory audit report must be filed by companies that are required by law or regulations to have their financial statements audited by a licensed auditor
Statutory audit report is typically filled out by the company's internal team with support and guidance from the external auditor. It should include details of the company's financial performance, transactions and compliance with laws and regulations.
The purpose of statutory audit report is to provide assurance to stakeholders that the company's financial statements are accurate and comply with relevant regulations.
Statutory audit report must include information on the company's financial performance, transactions, compliance with laws and regulations, and any potential risks or issues that may impact the company's financial health.
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