Financials

Report of the independent auditor on the summary of financial statements

The accompanying summary financial statements, which comprise the summary statement of financial position as at December 31, 2016 and the summary of statement of revenues and expenditures for the year then ended, and the related notes, are derived form the audited financial statements of College of Physicians & Surgeons of Alberta for the year ended December 31, 2016. We expressed an unmodified audit opinion on those financial statements in our report dated April 5, 2017. 

The summary financial statement do not contain all of the disclosures required by Canadian accounting standards for not-for-profit organizations.

Reading the summary financial statements, therefore, is not a substitute for reading the audited financial statements of College of Physicians & Surgeons of Alberta. 

Management's responsibility for financial statements

Management is responsible for the preparation of a summary of the audited financial statements on the basis described in note 1. 

Auditor's responsibility

Our responsibility is to express an opinion on the summary financial statements based on our procedures, which were conducted in accordance with Canadian Auditing Standards (CAS) 810 Engagements to Report on Summary Financial Statements.

Opinion

In our opinion, the summary financial statements derived from the audited financial statements of College of Physicians & Surgeons of Alberta for the year ended December 31, 2016 are a fair summary of those financial statements on the basis described in note 1.