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Australasian Council on Open Distance and eLearning Financial statements For the year ended 31 December 2021Australasian Council on Open Distance and eLearning ABN: 64 939 648 740 Contents For the
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Audited financial statements are for providing assurance to stakeholders that the financial information presented is accurate and reliable.
Companies, organizations, and entities that meet certain criteria, such as public companies or organizations that receive funding from investors or government agencies, are required to file audited financial statements.
Audited financial statements are typically prepared by a certified public accountant who examines the company's financial records and transactions to ensure accuracy and compliance with accounting standards.
The purpose of audited financial statements is to provide stakeholders, such as investors, creditors, and regulators, with a reliable and accurate view of a company's financial status and performance.
Audited financial statements must include balance sheets, income statements, cash flow statements, and notes to the financial statements that provide additional details and explanations.
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