Report of the Independent Auditors on the Summary Financial Statements
To the Directors of The Centre for International Governance Innovation,
Opinion
The summary financial statements, which comprise the summary statement of financial position as at July 31, 2020, the summary statement of revenues and expenses and changes in fund balances for the year then ended, are derived from the audited financial statements of The Centre for International Governance Innovation (the “Organization”) as at and for the year ended July 31, 2020.
In our opinion, the accompanying summary financial statements are a fair summary of the audited financial statements in accordance with the basis developed by management, which includes removing the statement of cash flows, retaining major subtotals, totals and comparative information, and retaining the information from the audited financial statements dealing with matters having a pervasive or otherwise significant effect on the summary financial statements.
Summary Financial Statements
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 Organization.
The Audited Financial Statements and Our Report Thereon
We expressed an unmodified audit opinion on the audited financial statements in our report dated November 27, 2020.
Management’s Responsibility for the Summary Financial Statements
Management is responsible for the preparation of the summary financial statements on a basis developed by management, which includes removing the statement of cash flows, retaining major subtotals, totals and comparative information, and retaining the information from the audited financial statements dealing with matters having a pervasive or otherwise significant effect on the summary financial statements.
Auditor’s Responsibility
Our responsibility is to express an opinion on whether the summary financial statements are a fair summary of the audited financial statements based on our procedures, which were conducted in accordance with Canadian Auditing Standard (CAS) 810, Engagements to Report on Summary Financial Statements.
Other matter
The audited financial statements of the Organization are available upon request by contacting the Organization.
Chartered Professional Accountants
Licensed Public Accountants
Toronto, Ontario, November 27, 2020