AFM504 Lecture Notes - Grant Thornton Llp, Grant Thornton International, Consolidated Financial Statement

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM504
• Professor: R Ryan

Document Summary

Notes to the consolidated financial statements 6 - 33. We have audited the consolidated balance sheets of sobeys inc. as at may 1, 2010 and may 2, 2009, and the consolidated statements of retained earnings, comprehensive income, earnings and cash flows for the 52 week fiscal years then ended. These consolidated financial statements are the responsibility of the company"s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audit. We conducted our audit in accordance with canadian generally accepted auditing standards. Those standards require that we plan and perform an audit to obtain reasonable assurance whether the consolidated financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the consolidated financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall consolidated financial statement presentation.