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^)nt3riOFinancial Statement Auditor\'s Report of Municipal AffairsCandidate Form 4 Municipal Elections Act, 1996(Section 88.25)Instructional candidates must complete Boxes A and B. Candidates who
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01
Gather all financial documents and records including income statements, balance sheets, cash flow statements, and supporting documentation.
02
Analyze the financial data to ensure accuracy and completeness.
03
Prepare the financial statement according to generally accepted accounting principles (GAAP).
04
Include a cover letter and management discussion and analysis (MD&A) if required.
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Have the financial statement reviewed by internal or external auditors for accuracy and compliance with regulatory standards.
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Make any necessary revisions based on auditor feedback.
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Finalize the financial statement and distribute to stakeholders as needed.

Who needs financial statement - auditors?

01
Auditors need financial statements to assess the financial health and performance of a company.
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Lenders and creditors rely on financial statements to evaluate the creditworthiness of a company.
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A financial statement for auditors is a formal record of the financial activities and position of a business that has been examined and verified by an independent auditor.
Auditors of a company are required to file the financial statements.
Financial statements for auditors are typically filled out by compiling financial data, analyzing transactions, and ensuring accuracy and compliance with accounting standards.
The purpose of financial statements for auditors is to provide an accurate and reliable account of a company's financial performance and position for stakeholders.
Financial statements for auditors must report on the company's assets, liabilities, equity, income, expenses, and cash flows.
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