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Ontario i)Ministry of Municipal Affairs and HousingFinancial Statement Auditor\'s Report Candidate Form 4 Municipal Elections Act, 1996 (Section 88.25)Instructions All candidates must complete Boxes
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01
Gather all necessary financial documents such as bank statements, invoices, and receipts.
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Organize the documents in a systematic manner according to the categories specified in the financial statement template.
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Ensure all financial transactions are accurately recorded and reconciled.
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Review and verify the accuracy of all financial data and calculations.
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Prepare the financial statement using the approved format and accounting principles.
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Provide supporting documentation and explanations for any significant figures or discrepancies.
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Have the financial statement reviewed and approved by a senior auditor or partner before finalizing and issuing it.

Who needs financial statement - auditors?

01
Auditors need financial statements to assess the financial health and performance of a company or organization.
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They use financial statements to conduct audits, verify financial information, and provide assurance to stakeholders such as investors, creditors, and regulatory authorities.
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A financial statement for auditors is a formal record of the financial activities and position of a business or organization, prepared by an auditor.
Auditors are required to file financial statements for the companies they audit.
Financial statements for auditors are typically filled out by gathering financial data, organizing it into the required format, and ensuring accuracy and compliance with auditing standards.
The purpose of financial statements for auditors is to provide an independent assessment of a company's financial health and performance.
Financial statements for auditors must include a balance sheet, income statement, cash flow statement, and notes to the financial statements.
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