What we have audited The Foundation’s financial statements comprise: the balance sheet as at March 31, 2024; the statement of operations and net assets for the year then ended; the statement of changes in net assets for the year then ended; the statement of cash flows for the year then ended; and the notes to the financial statements, which include significant accounting policies and oth. [...] Obtain an understanding of internal control relevant to the audit 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 Foundation’s internal control. [...] Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. [...] Management’s use of estimates When preparing financial statements according to ASNPO, management makes estimates and assumptions that affect the reported amounts of revenue and expenses during the year, the reported amounts of assets and liabilities at the date of the financial statements and the disclosure of contingent assets and liabilities at the date of the financial statements. [...] (2) Canadian Constitution Foundation Notes to Financial Statements March 31, 2024 Transaction costs on financial assets and liabilities measured at amortized cost are adjusted against the carrying value of the related asset or liability and then recognized over the expected life of the instrument using the straight-line method.
Authors
- Pages
- 13
- Published in
- Canada
Table of Contents
- Our opinion 2
- Basis for opinion 2
- Responsibilities of management and those charged with governance for the financial statements 2
- Auditors responsibilities for the audit of the financial statements 3
- Canadian Constitution Foundation 5
- Balance Sheet 5
- Approved by the Board of Directors 5
- Assets 5
- Liabilities 5
- Net Assets 5
- Canadian Constitution Foundation 6
- Statement of Operations and Net Assets 6
- Canadian Constitution Foundation 7
- Statement of Changes in Net Assets 7
- Canadian Constitution Foundation 8
- Statement of Cash Flows 8
- Cash provided by used in outstanding 8
- Canadian Constitution Foundation 9
- Notes to Financial Statements 9
- 1 Purpose of the not-for-profit organization 9
- 2 Accounting policies 9
- Canadian Constitution Foundation 10
- Notes to Financial Statements 10
- Canadian Constitution Foundation 11
- Notes to Financial Statements 11
- 3 Capital assets 11
- Canadian Constitution Foundation 12
- Notes to Financial Statements 12
- 4 Deferred contributions 12
- 5 Lease commitments outstanding 12
- 6 Related party transactions 12
- 7 Financial instrument risk 12
- Canadian Constitution Foundation 13
- Notes to Financial Statements 13
- 8 Subsequent event 13
