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THE CANADIAN MENTAL HEALTH ASSOCIATIONNOVA SCOTIA DIVISION Financial Statements Year Ended March 31, 2024LYLE TILLEY DAVIDSONTHE CANADIAN MENTAL HEALTH ASSOCIATIONNOVA SCOTIA DIVISION Index to Financial
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Gather all necessary financial documents such as income statements, balance sheets, cash flow statements.
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Review the financial statements for accuracy and completeness.
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Calculate key financial ratios and analyze the financial performance.
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Prepare footnotes and disclosures to provide additional information about the financial statements.
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Submit the audited financial statements to a certified public accountant for review and audit.

Who needs audited financial statements and?

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Publicly traded companies are required by law to have audited financial statements to provide transparency and accountability to shareholders and investors.
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Private companies may also need audited financial statements to secure financing from banks or investors, or to comply with regulatory requirements.
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Audited financial statements are official records of a company's financial activities that have been reviewed and verified by a certified public accountant.
Publicly traded companies, large corporations, and certain other entities are typically required to file audited financial statements.
Audited financial statements are typically prepared by a company's accounting department, reviewed by external auditors, and then submitted to relevant authorities.
The purpose of audited financial statements is to provide stakeholders with an accurate and reliable representation of a company's financial health and performance.
Audited financial statements typically include a balance sheet, income statement, cash flow statement, and notes to the financial statements.
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