The financial position of NBMCA is audited annually by auditors appointed by the Members (Board of Directors) at the Annual General Meeting.
The audits are conducted in accordance with Canadian generally accepted auditing standards. The responsibilities of the auditor under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section in the report. The auditor's opinion and basis for their opinion, regarding the financial position of NBMCA, are outlined in the Statements.
Management is responsible for the preparation and fair presentation of the 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.
The Members, who are charged with governance of NBMCA, are responsible for overseeing the Organization's financial reporting process.
