F I N A N C I A L S T A T E M E N T S

F I N A N C I A L S T A T E M E N T S For AIDS COMMITTEE OF TORONTO For year ended MARCH 31, 2022 An Independent Member of BKR International INDEPENDENT AUDITORS' REPORT To the Directors of AIDS COMMITTEE OF TORONTO Opinion We have audited the accompanying financial statements of AIDS Committee of Toronto, which comprise the statement of financial position as at March 31, 2022 and the statements o. [...] In our opinion, the accompanying financial statements present fairly, in all material respects, the statement of financial position of AIDS Committee of Toronto as at March 31, 2022 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. [...] Responsibilities of Management and Those Charged with Governance for the Financial Statements Management is responsible for the preparation and fair presentation of the 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. [...] 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 AIDS Committee of Toronto's internal control. [...] Use of estimates The preparation of financial statements in conformity with Canadian accounting standards for not-for- profit organizations requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period.