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LONDON FAMILY COURT CLINIC Financial Statements Year Ended March 31, 2023LONDON FAMILY COURT CLINIC Index to Financial Statements Year Ended March 31, 2023Page INDEPENDENT AUDITOR\'S REPORT12FINANCIAL
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Filing financial statements refers to the process of submitting formal records that outline the financial activities and position of an organization to regulatory bodies.
Publicly traded companies, certain nonprofit organizations, and any business that meets specific criteria set by the regulatory authorities are required to file financial statements.
To fill out financial statements, one typically gathers financial data, prepares income statements, balance sheets, and cash flow statements, and ensures compliance with relevant accounting standards before submitting via designated platforms.
The purpose of filing financial statements is to provide stakeholders, including investors, regulators, and creditors, with a transparent account of an organization's financial health and performance.
Key information includes revenue, expenses, assets, liabilities, equity, cash flows, and notes explaining the accounting practices and financial details.
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