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STA NBIC ITC ASSET MANAGEMENT LIMITED ANNUAL REPORT 31 December 2020Stanbic ITC Asset Management Limited Annual Report 31 December 2020Contents Company information Directors\' report Corporate Governance
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Form audited financial statements are formal financial reports that have been examined and verified by a certified public accountant (CPA), ensuring their accuracy and compliance with accounting standards.
Organizations that meet certain criteria, such as publicly traded companies, certain nonprofit organizations, and large private companies, are generally required to file audited financial statements.
Filling out audited financial statements involves compiling financial data, preparing the income statement, balance sheet, and cash flow statement, and then having these documents reviewed and validated by a CPA.
The purpose of audited financial statements is to provide stakeholders, including investors and regulators, with credible and reliable financial information regarding an entity's financial position and performance.
Typically, audited financial statements must report the balance sheet, income statement, cash flow statement, and notes that provide additional context and explanations regarding the figures presented.
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