Public Guardian and Trustee: Financial Statements 2019–2020
Financial statements for the year ended March 31, 2020.
Management’s responsibility for financial information
Management is responsible for the financial statements and all other information presented with the financial statements. The financial statements have been prepared by management in accordance with International Financial Reporting Standards (IFRS), and, where appropriate, include amounts based on management’s best estimates and judgments.
Management is also responsible for developing and maintaining systems of internal control that provide reasonable assurance that financial information is reliable, that all financial transactions are properly authorized, that assets are safeguarded, and that the Public Guardian and Trustee for the Province of Ontario adheres to legislation and regulatory requirements. These systems include the communication of policies and the Public Guardian and Trustee for the Province of Ontario’s code of ethics and business conduct throughout the organization. Management continually monitors the systems of internal controls for compliance.
The financial statements have been examined by the Office of the Auditor General of Ontario. The Auditor General’s responsibility is to express an opinion on whether the financial statements are fairly presented in accordance with International Financial Reporting Standards (IFRS). The Auditor’s Report outlines the scope of the auditor’s examination and opinion.
[Originally signed by]
Kenneth R. Goodman
Public Guardian and Trustee
Carolyn Sitler, CPA, CMA
Chief Financial Officer
July 16, 2020