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Appendix B NRH Notice 0401 February 16, 2004-Page 1 of 1Appendix B Auditors Report on Financial Information Contained in the Annual Information Return To the Service Manager: At the request of ___
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What is financial statements and independent?
Financial statements are formal records of the financial activities and position of a business, person, or other entity. An independent auditor is a certified public accountant who examines an entity's financial statements and provides an opinion on their accuracy and completeness.
Who is required to file financial statements and independent?
Publicly traded companies are required to file financial statements with independent auditors. Some private companies may also be required to file financial statements if they have loans or investors that require them.
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Financial statements are typically prepared by the company's accounting department or an external accounting firm. The independent auditor will then review the financial statements and provide an opinion on their accuracy.
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The purpose of financial statements is to provide information about the financial performance and position of a business to stakeholders such as investors, creditors, and regulators. The independent auditor's role is to provide assurance that the financial statements are free from material misstatements.
What information must be reported on financial statements and independent?
Financial statements typically include a balance sheet, income statement, cash flow statement, and statement of changes in equity. The independent auditor's report will include their opinion on whether the financial statements are presented fairly in all material respects.
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