Auditor's Report - City of Pickering
Auditor's Report - City of Pickering
Auditor's Report - City of Pickering
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era<br />
l yid<br />
AUDITOR S REPORT<br />
CHARTERED ACCOUNTANTS<br />
TO<br />
Bonnie Littley<br />
Municipal Elections Act 1996 Section 78<br />
We have audited the Statements <strong>of</strong> Campaign Period Income and Expenses Disposition <strong>of</strong> Surplus and<br />
Assets and Liabilities <strong>of</strong> Bonnie Littley candidate for the campaign period <strong>of</strong> January 3 2010 to<br />
December 31 2010 for the election held on October 25 2010 These financial statements are the<br />
responsibility <strong>of</strong> Bonnie Littley candidate Our responsibility is to express an opinion on these financial<br />
statements based upon our audit<br />
Except as explained in the following paragraph<br />
generally accepted auditing standards Those standards require that we<br />
plan and perform<br />
we conducted our audit in accordance with Canadian<br />
an audit to obtain<br />
reasonable assurance that the financial statements are free <strong>of</strong> material misstatement An audit includes<br />
examining on a test basis evidence supporting the amounts and disclosures in the financial statement An<br />
audit also includes assessing the accounting principles used and significant estimates made by the<br />
candidate as well as<br />
evaluating the overall presentation <strong>of</strong> the financial statement<br />
Due to the inherent nature <strong>of</strong> the transactions inherent in an election campaign it is impractical<br />
auditing procedures to determine through<br />
that the accounting records and include all donations <strong>of</strong> goods and services<br />
receipts and disbursements Accordingly our verification <strong>of</strong> these amounts was limited to<br />
the financial ensuring the<br />
statements reflect the amounts recorded in the candidate s accounting records in accordance<br />
with the accounting procedures established by the Municipal Elections Act 1976 and we were unable to<br />
determine whether any adjustments might be necessary to income and expenses assets and liabilities and<br />
surplus deficit<br />
In our<br />
opinion except for the effect <strong>of</strong> any adjustments if any which we<br />
might have determined to be<br />
necessary had we been able to satisfy ourselves as to the completeness <strong>of</strong> the records as described in the<br />
preceding paragraph these financial statements present fairly in all material respects the<br />
<strong>of</strong> the candidate s election financial position<br />
campaign as at December 31 2010 and the income and expenses for the<br />
campaign period from January 3 2010 to December 31 2010 and the determination<br />
and the disposition <strong>of</strong> <strong>of</strong> surplus deficit<br />
surplus in accordance with the accounting treatment prescribed by the Municipal<br />
Elections Act 1996<br />
The Municipal Elections Act 1996 does not<br />
require us to report nor was it practical for us to<br />
determine<br />
that contributions reported include only those which may be properly retained in accordance with the<br />
provisions <strong>of</strong> the Municipal Elections Act 1996<br />
RENAUD RUTLAND CHARTERED ACCOUNTANTS LICENSED PUBLIC ACCOUNTANTS<br />
<strong>Pickering</strong> Ontario<br />
January 6 2011<br />
klarc A Renaud<br />
307<br />
Edward Rutland<br />
High Street Whitby Ontario LIN 51 17 1024 Rouge Valley Drive <strong>Pickering</strong> Ontario Ll V 4N7<br />
Tel 905 2720 660 Fax 666 905 1042<br />
mare 3renaudtu0and com<br />
Tel905 509<br />
3023 Fax 905 509 6995<br />
ed @renaudrutland com
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