Answer: The Corporation must submit audited financial statements to RD.
Trend: This requirement is consistent across all fiscal years.
List: Ensure submission is completed within 90 days after year-end.
Finding Text
In accordance with RD regulations, the Corporation is required to submit the audited financial statements to RD within 90-days after year-end.
Corrective Action Plan
Management should ensure the appropriate audit documentation is provided to the auditors so the audited financial statements can be completed and submitted to RD in a timely manner.