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Comhairle Chontae Dhn na nGall Donegal County CouncilAnnual Financial Statement 2021 (Audited)ANNUAL FINANCIAL STATEMENT (AUDITED) Donegal County Council For year ending 31st December 2021CONTENTS
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An annual financial statement audited is a comprehensive report that presents an organization's financial performance and position over the fiscal year, verified by an independent auditor for accuracy and compliance with accounting standards.
Typically, publicly traded companies, financial institutions, and certain private companies may be required to file audited annual financial statements as mandated by regulatory bodies to ensure transparency and protect investors.
To fill out an audited annual financial statement, an organization must gather financial data, prepare financial statements following applicable accounting standards, and then have these statements reviewed and verified by a qualified independent auditor.
The purpose of an audited annual financial statement is to provide reliable financial information to stakeholders, ensure compliance with regulations, enhance credibility, and support informed decision-making.
Information that must be reported includes the balance sheet, income statement, cash flow statement, statement of changes in equity, notes to the financial statements, and the auditor's opinion on the accuracy of the financial statements.
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