National Round Table Financial Statements
- 1. Statement of Management Responsibility
- 2. Statement of Financial Position (Unaudited)
- 3. Statement of Operations and Net Financial Position (Unaudited)
- 4. Statement of Change in Net Debt (Unaudited)
- 5. Statement of Cash Flows (Unaudited)
- 6. Notes to the Financial Statements (Unaudited)
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Responsibility for the integrity and objectivity of the accompanying financial statements for the year ended March 31, 2013, and all information contained in these statements rests with the management of the National Round Table on the Environment and the Economy (NRTEE). These financial statements have been prepared by management using the Government's accounting policies, which are based on Canadian public sector accounting standards.
Management is responsible for the integrity and objectivity of the information in these financial statements. Some of the information in the financial statements is based on management's best estimates and judgment, and gives due consideration to materiality. To fulfill its accounting and reporting responsibilities, management maintains a set of accounts that provides a centralized record of the NRTEE's financial transactions. Financial information submitted in the preparation of the Public Accounts of Canada is consistent with these financial statements.
Management is also responsible for maintaining an effective system of internal control over financial reporting (ICFR) designed to provide reasonable assurance that financial information is reliable, that assets are safeguarded and that transactions are properly authorized and recorded in accordance with the Financial Administration Act and other applicable legislation, regulations, authorities and policies.
Management seeks to ensure the objectivity and integrity of data in its financial statements through careful selection, training, and development of qualified staff; through organizational arrangements that provide appropriate divisions of responsibility; through communication programs aimed at ensuring that regulations, policies, standards, and managerial authorities are understood throughout the NRTEE and through conducting an annual risk-based assessment of the effectiveness of the system of (ICFR).
The system of ICFR is designed to mitigate risks to a reasonable level based on an on-going process to identify key risks, to assess effectiveness of associated key controls, and to make any necessary adjustments.
The Financial Statements of NRTEE have not been audited.
A/President and Chief Executive Officer and Chief Financial Officer
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