Independent Auditor ’ s Report
To the Board of Directors of Actsafe Safety Association
Report on the Financial Statements
We have audited the accompanying financial statements of Actsafe Safety Association , which comprise the statement of financial position as at December 31 , 2017 and the statement of operations and changes in net assets and statement of cash flows for the year then ended , and a summary of significant accounting policies and other explanatory information .
Management ’ s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with Canadian accounting standards for not‐for‐profit organizations , and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement , whether due to fraud or error .
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 Canadian generally accepted auditing standards . 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 judgment , including the assessment of the risks of material misstatement of the financial statements , whether due to fraud or error . In making those risk assessments , the auditor considers internal control relevant to the entity ’ s preparation and fair presentation of the financial statements 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 management , as well as evaluating the overall presentation of the financial statements .
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion .
Opinion
In our opinion , the financial statements present fairly , in all material respects , the financial position of Actsafe Safety Association as at December 31 , 2017 , and the results of its operations and its cash flows for the year then ended in accordance with Canadian accounting standards for not‐for‐profit organizations .