Summary Financial Statements
INDEPENDENT AUDITOR’S
REPORT ON SUMMARY
FINANCIAL STATEMENTS
Tinkham LLP
Chartered Professional Accountants
Licensed Public Accountants
TORONTO, Ontario
May 28, 2020
To the Members of The College of
Physicians and Surgeons of Ontario
Opinion
The summary financial statements, which comprise
the summary statement of financial position as
at December 31, 2019, the summary statement
of operations for the year then ended, and the
related note, are derived from the audited financial
statements of the College of Physicians and
Surgeons of Ontario for the year ended December
31, 2019.
In our opinion, the accompanying summary financial
statements are a fair summary of the audited
financial statements on the basis described in the
note to the summary financial statements.
Summary Financial Statements
The summary financial statements do not contain
all the disclosures required by Canadian accounting
standards for not-for-profit organizations. Reading
the summary financial statements and the auditor’s
report thereon, therefore, is not a substitute for
reading the audited financial statements and the
auditor’s report thereon. The summary financial
statements and the audited financial statements
do not reflect the effects of events that occurred
subsequent to the date of our report on the audited
financial statements.
The Audited Financial Statements and
Our Report Thereon
We expressed an unmodified audit opinion on the
audited financial statements in our report dated May
28, 2020.
Management’s Responsibility for the
Summary Financial Statements
Management is responsible for the preparation of
the summary financial statements on the basis
described in the note to the summary financial
statements.
Auditor’s Responsibility
Our responsibility is to express an opinion on
whether the summary financial statements are a
fair summary of the audited financial statements
based on our procedures, which were conducted in
accordance with Canadian Auditing Standard (CAS)
810, Engagements to Report on Summary Financial
Statements.
44 // CPSO ANNUAL REPORT 2019