Summary Financial Statements
Auditor’s Report on Summarized
Financial Statements
To the Members of the College of Physicians and
Surgeons of Ontario
Tinkham LLP
Chartered Professional Accountants
Licensed Public Accountants
TORONTO, Ontario
May 24, 2018
The accompanying summary financial
statements, which comprise the summary
statement of financial position as at December
31, 2017 and the summary statement of
operations for the year then ended are derived
from the audited financial statements of
The College of Physicians and Surgeons of
Ontario for the year ended December 31, 2017.
We expressed an unmodified audit opinion on
those financial statements in our report
dated May 24, 2018.
The summary financial statements do not
contain all 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 The College of Physicians and
Surgeons of Ontario.
Management’s Responsibility for the Summary
Financial Statements
Management is responsible for the preparation
of a summary of the audited financial
statements on the basis described in the note
to the summary financial statements.
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 Standard
(CAS) 810, “Engagements to Report on
Summary Financial Statements”.
Opinion
In our opinion, these summary financial
statements derived from the audited financial
statements of The College of Physicians and
Surgeons of Ontario for the year ended
December 31, 2017 are a fair summary of
those financial statements on the basis
described in the note to the summary financial
statements.
CPSO ANNUAL REPORT 2017 // page 36