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Financial statements of The Retired Teachers of Ontario Foundation/La Fondation des Enseignantes et Enseignants Retraits de LOntario December 31, 2023Independent Auditors Report12Statement of operations
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Gather all financial information including balance sheets, income statements, cash flow statements, and notes to the financial statements.
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Ensure all financial information is accurate and consistent with GAAP (Generally Accepted Accounting Principles).
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Prepare the consolidated financial statements by combining the financial information of the parent company and its subsidiaries.
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Have the financial statements audited by a licensed external auditor to provide assurance on the accuracy and fairness of the financial information.
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Include the auditor's report along with the audited consolidated financial statements.

Who needs audited consolidated financial statements?

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Publicly traded companies are required by regulatory bodies to provide audited consolidated financial statements to their shareholders and the public.
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Private companies may benefit from audited consolidated financial statements to provide credibility and transparency to investors, lenders, and other stakeholders.
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Audited consolidated financial statements are financial reports that have been examined and verified by an independent auditor to ensure accuracy and compliance with accounting standards.
Publicly traded companies and some private companies may be required by regulators or investors to file audited consolidated financial statements.
Audited consolidated financial statements are typically prepared by a company's finance team following accounting principles and guidelines. An independent auditor will then review and validate the information.
The purpose of audited consolidated financial statements is to provide stakeholders with a clear and accurate picture of a company's financial performance and position.
Audited consolidated financial statements typically include a balance sheet, income statement, cash flow statement, and notes providing additional information about the company's financial activities.
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