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This document is an independent audit report for the National AIDS Control Project Phase IV relating to the TI Pool Fund. It covers the financial statements as of March 31, 2019, and expresses the auditor\'s opinion on the financial position and utilization of funds by the Gujarat State AIDS Control Society for the financial year 2018-2019, based on compliance with accounting standards and guidelines.
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An independent audit report is a formal opinion issued by an auditor, providing an evaluation of an organization's financial statements and ensuring that they accurately represent the financial position of the entity.
Organizations that meet specific criteria, such as being publicly traded companies, nonprofit organizations with significant revenue, or companies required by law or regulation, are required to file independent audit reports.
To fill out an independent audit report, auditors must assess the financial statements, perform necessary tests, and compile their findings in accordance with relevant auditing standards, concluding with an opinion based on the evidence gathered.
The purpose of an independent audit report is to provide stakeholders with assurance that the financial statements are free of material misstatement, thereby enhancing the credibility of the financial information presented.
An independent audit report must report the auditor's opinion on the fairness of the financial statements, the basis for that opinion, key audit matters, and any compliance with accounting standards.
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