Ornge

Powerful Essays
THE “ORNGE” FINANCIAL STATEMENTS WHICH BEGIN BELOW WERE EXTRACTED FROM:

Ontario

Ministry of Finance

PUBLIC ACCOUNTS

of

ONTARIO
2010-2011

PUBLIC ACCOUNTS, 2010-2011

1-227

Ornge
June 29, 2011 The accompanying consolidated financial statements of Ornge have been prepared in accordance with Canadian generally accepted accounting principles, and are the responsibility of management. The preparation of financial statements necessarily involves the use of estimates and assumptions based on management’s judgment that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenue and expenses during the reporting period. The financial statements have been properly prepared within reasonable limits of materiality and in light of information available up to June 16, 2011. Management is responsible for the fair presentation of the consolidated financial statements in accordance with Canadian generally accepted accounting principles and for the design and implementation of internal control to prevent and detect fraud and error. Management has assessed the risk that the consolidated financial statements may be materially misstated as a result of fraud, and has determined such risk to be low. The Board of Directors of Ornge is responsible for ensuring that management fulfills its responsibilities for financial reporting and internal controls. The Board generally meets periodically with management to satisfy itself that such responsibilities have been fulfilled. The consolidated financial statements for the year ended March 31, 2011 have been audited by KPMG LLP (“KPMG”). KPMG’s responsibility is to express an opinion on whether the consolidated financial statements are fairly presented in accordance with Canadian generally accepted accounting principles. The Auditors’ Report dated June 16, 2011 outlines the scope of KPMG’s examination and opinion on

You May Also Find These Documents Helpful

  • Powerful Essays

    Ornge

    • 21055 Words
    • 85 Pages

    Special Report March 2012 Ornge Air Ambulance and Related Services Office of the Auditor General of Ontario Office of the Auditor General of Ontario To the Honourable Speaker of the Legislative Assembly I am pleased to submit to you my Special Report on Ornge Air Ambulance and Related Services to lay before the Assembly, as requested by the Minister of Health and Long-Term Care and in accordance with Section 17 of the Auditor General Act. Jim McCarter Auditor General March 2012 ©…

    • 21055 Words
    • 85 Pages
    Powerful Essays
  • Good Essays

    Fall 2014 RSM422H1F Management Control [26L] This course considers the processes and systems, many accounting-based, by which key managers allegedly ensure that resources are acquired and used effectively and efficiently in the accomplishment of an organization’s goals. Prerequisite: RSM322H1  SEE COURSE INFORMATION, INCLUDING SUBMISSION OF ASSIGNMENTS, ON BLACKBOARD Class time/location Section L0101 Tuesday, 12 noon-2pm Classroom WO 30 Section L0201 Thursday, 12 noon-2pm Classroom…

    • 6725 Words
    • 30 Pages
    Good Essays
  • Better Essays

    Diversity of Life

    • 8523 Words
    • 35 Pages

    Quiz 1 Origins of Agriculture 1/7 (read 180-181, a closer look 11.1 & centers of plant domestication) Human History * humans have existed as species ~ 195,000 years/ farming has been practiced ~ 11,500 years. * Knowledge of foraging societies: * archaeological evidence: middens (trash pile – bones, corn cobs, etc.) & coprolites (fossilized fecal material, to get an idea of what people ate) * modern evidence: !Kung, Ainu * Why did we start farming? * easier, it…

    • 8523 Words
    • 35 Pages
    Better Essays