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Bridger land Technical College
A Component Unit of the State of Utah
___Annual Financial Report
and
Government Auditing Standards Report
For the Year Ended June 30, 2022
___
Report No. 2232Office
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Financial statements being audited refer to the formal records of the financial activities of a business, person, or entity that are subject to an audit, which is an independent examination of financial information to ensure accuracy and compliance with accounting standards.
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Entities such as publicly traded companies, certain private companies, financial institutions, and non-profit organizations are required to file audited financial statements.
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Financial statements being audited should be filled out according to Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS), including complete and accurate data regarding income, expenses, assets, liabilities, and equity.
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Financial statements being audited must report information such as the balance sheet, income statement, cash flow statement, and notes to the financial statements, detailing the financial position and performance of the entity.
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