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LETSHEGO AFRICA HOLDINGS LIMITED Consolidated Annual Financial Statements For the year ended 31 December 2023CONTENTS___ Details Group corporate information3Directors report4Directors responsibility
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An audited financial statement is prepared to provide an independent assessment of the financial position and performance of an organization, ensuring the accuracy and adherence to accounting standards.
Entities such as publicly traded companies, large private companies, and non-profit organizations that meet certain revenue or asset thresholds are typically required to file audited financial statements.
To fill out an audited financial statement, organizations need to gather accurate financial data, prepare financial reports according to GAAP or IFRS standards, and engage a licensed auditor to review and attest to the findings before submission.
The purpose of audited financial statements is to provide stakeholders, such as investors and regulators, with verified financial information, enhancing transparency and trust in the organization's financial reporting.
Audited financial statements must report the balance sheet, income statement, cash flow statement, statement of changes in equity, and notes detailing the accounting policies and additional context for the financial data.
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