To determine whether Generally Accepted Accounting Principles were followed in the preparation of financial statements,an examination of:

Question

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Independent auditors are responsible for examining financial statements and related documents to ensure that GAAP has been followed. The Canada Revenue Agency would not be the appropriate entity to examine financial statements for compliance with GAAP, and while the Toronto Stock Exchange may require certain disclosures in an annual report, they would not be responsible for determining whether GAAP was followed. CPA Canada is a professional organization for accountants and would not be directly involved in the examination of financial statements.

To Determine Whether Generally Accepted Accounting Principles Were Followed in the Preparation