INDEPENDENT AUDITORS ’ REPORT
To the Mayor and Council of Lac Ste . Anne County Sangudo , Alberta
We have audited the accompanying financial statements of Lac Ste . Anne County ( the “ County ”), which comprise the statement of financial position as at December 31 , 2016 , and the statements of operations and accumulated surplus , changes in net financial assets and cash flows for the year then ended , and a summary of significant accounting policies and other explanatory information .
Management ’ s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with Canadian public sector accounting standards , and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement , whether due to fraud or error .
Auditor ’ s Responsibility Our responsibility is to express an opinion on these financial statements based on our audit . We conducted our audit in accordance with Canadian generally accepted auditing standards . Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement .
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements . The procedures selected depend on the auditor ’ s judgment , including the assessment of the risks of material misstatement of the financial statements , whether due to fraud or error . In making those risk assessments , the auditor considers internal control relevant to the entity ’ s preparation and fair presentation of the financial statements 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 the entity ’ s internal control . An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management , as well as evaluating the overall presentation of the financial statements .
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion .
Opinion In our opinion , the financial statements present fairly , in all material respects , the financial position of Lac Ste . Anne County as at December 31 , 2016 , and the results of its operations and accumulated surplus , changes in its net financial assets and its cash flows for the year then ended in accordance with Canadian public sector accounting standards .
Hawkings Epp Dumont LLP Chartered Accountants
Edmonton , Alberta April 13 , 2017
Finance 27 .