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School district audit report reflects well
Secretary-treasurer says accountants provide high level of assurance
by Paul Galinski | reporter@prpeak.com
School District 47’s annual audit has come back without a hitch.
Steve Hopkins, secretary-treasurer, told the school district’s board of education the audit report came shortly after the September board meeting when trustees adopted the financial statements.
“We only had the audit report draft so that’s why we didn’t publish it,” Hopkins said. “It’s fairly self-explanatory but I thought it was good to point out to the board that it’s an unqualified report and reflects very well that we have the highest level of audit assurance in Canada.”
A letter from Meyers Norris Penny, chartered accountants, states that the company audited the statement of financial position of the school district as of June 30, 2009, the end of the school year, and the statements of revenue and expense, changes in fund balances and cash flows.
The accountants stated that in their opinion, these financial statements present fairly, in all material respects, the financial position of the school district and the results of its operations and its cash flows for the year then ended in accordance with Canadian generally accepted accounting principles.
Steve Hopkins, secretary-treasurer, told the school district’s board of education the audit report came shortly after the September board meeting when trustees adopted the financial statements.
“We only had the audit report draft so that’s why we didn’t publish it,” Hopkins said. “It’s fairly self-explanatory but I thought it was good to point out to the board that it’s an unqualified report and reflects very well that we have the highest level of audit assurance in Canada.”
A letter from Meyers Norris Penny, chartered accountants, states that the company audited the statement of financial position of the school district as of June 30, 2009, the end of the school year, and the statements of revenue and expense, changes in fund balances and cash flows.
The accountants stated that in their opinion, these financial statements present fairly, in all material respects, the financial position of the school district and the results of its operations and its cash flows for the year then ended in accordance with Canadian generally accepted accounting principles.
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