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For the sake of sharing and for the discussion here, this is
what one of the pages of an audited financial report should look
like. Note: names are pseudo for the sake of sharing the
example/sample.
If you have a copy of an annual report of any charity, you will
be able to see something like this.
Report on Financial
Statements
We have audited the financial
statements of Healthy Children
Society Singapore, which comprise the balance sheet as
at xx December 201x, and the income and expenditure, statement of
changes in funds and statement of cash flows for the financial year
ended on that date and a summary of significant accounting policies
and other explanatory notes, as set out on page x to xx.
Board of Governors'
Responsibility for the Financial Statements
The Board of Governors is
responsible for the preparation of financial statements that give a
true and fair view in accordance with Singapore Financial Reporting
Standards, and for devising and maintaining a system of internal
accounting controls sufficient to provide a reasonable assurance
that assets are safeguarded against loss from unauthorised use or
disposition; and transactions are properly authorised and that they
are recorded as necessary to permit the preparation of true and
fair profit and loss accounts and balance sheet and to maintain
accountability of assets.
Auditor’s
Responsibility
Our responsibility is to express
an opinion on these financial statements based on our
audit. We conducted our audit in accordance with
Singapore Standards on Auditing. Those Standards
require that we comply with Ethical requirements and plan and
perform the audit to obtain reasonable assurance about whether the
financial statements are free from material
misstatement.
An audit involves performing
procedures to obtain audit evidence about the amounts and
disclosures in the financial statements. The
procedures selected depend on the auditor’s judgements, including
the assessment of the risks of material misstatement of the
financial statements, whether due to fraud to
error. In making those risk assessments, the
auditor considers internal control relevant to the entity’s
preparation of financial statements that give a true and fair view
in order to design audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on
the effectiveness of the entity’s internal control. An audit also
includes evaluating the appropriateness of accounting policies used
and the reasonableness of accounting estimates made by the Board of
Governors, as well as evaluating the overall presentation of the
financial statements.
We believe that the audit evidence
we have obtained is sufficient and appropriate for our audit
opinion.
You can find out more in
http://www.icpascaa.org.sg/wp-content/uploads/2010/06/AGS-1-ED-for-submission-EDM-Copy.pdf
All company's financial report looks like that lah. 