Jacques Martin, MP, is preparing for a town hall meeting in his riding. He is a member of the governing party. In advance of these meetings, Jacques asks his staff to prepare short memoranda, known as briefing notes, on topics he expects to receive questions on. These briefing notes must be no more than a page and contain short, meaningful statements in non-technical language. As a member of Jacques' staff you have been asked to prepare one of these briefing notes.

Required

Prepare a briefing note for the MP outlining the value and limitations of the audited public accounts. Present your answer in terms of speaking points that Jacques might use in speaking with an audience comprised of people who will not be able to relate to technical terms such as "financial position" and "net debt". In framing your speaking points, remember the audience is comprised primarily of constituents, not investors.