Qualified Opinion We have audited the financial statements of the Town of Mahone Bay Electric Utility (the "Utility"), which comprise the statement of financial position - operating fund and the statement of financial position - capital fu...
AI summary The audit of the Town of Mahone Bay Electric Utility's financial statements as of March 31, 2025, concludes that they present a fair view of the Utility's financial position and operations, except for the effects of the matters outlined in the Basis for Qualified Opinion section of the report.
Auditor's Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, an...
AI summary The auditor's responsibilities include obtaining reasonable assurance that the financial statements are free from material misstatement, whether due to fraud or error. The audit involves assessing risks, evaluating internal controls, accounting policies, and disclosures, and ensuring the financial statements are presented fairly.