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Wassail Society for the Blind20212022A YEAR IN REVIEW EDITION 117Annual Report Summary of Financial Statements 20212022CONTENTS2 3 4 5 6 9 11 14 16 17 18Our Mission & Services Public Benefit / Legal
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An independent auditor's report is a formal opinion issued by a certified public accountant (CPA) on the fairness of an organization's financial statements. It assesses whether the financial statements comply with generally accepted accounting principles (GAAP) and provides stakeholders with assurance regarding the accuracy of financial reporting.
Typically, publicly traded companies, certain nonprofit organizations, and establishments with specific regulatory requirements are obligated to file independent auditor's reports. The necessity may also vary based on jurisdiction and the size of the organization.
Filling out an independent auditor's report involves conducting a thorough audit of the financial statements, documenting findings, and drafting a report that includes the auditor's opinion, basis for the opinion, and any applicable notes or disclosures. The report should adhere to recognized auditing standards.
The purpose of an independent auditor's report is to provide an objective evaluation of an organization's financial statements. It aims to enhance the credibility of the financial information presented to investors, regulators, and other stakeholders, ensuring transparency and trust.
An independent auditor's report must include the auditor's opinion on the financial statements, a statement regarding the audit's adherence to auditing standards, the basis for the opinion, and any significant findings or issues encountered during the audit process.
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