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As the Finance Manager of a local community centre which runs programs for newcomers. You decide to review the latest audited financial statements of the

As the Finance Manager of a local community centre which runs programs for newcomers. You decide to review the latest audited financial statements of the community centre, as they are amidst a funding transition that is now seeing the government provide 50% of the centre's total revenue. You wonder if theres anything you should be concerned about. You read the preamble the external audit firm provided and notice theyve provided a qualified opinion on the financial statements.
You decide to review the latest audited financial statements of the community centre. You wonder if theres anything you should be concerned about. Last year ended with a very large surplus.
You should have no concerns about this if: (select the best answer)
Some of the other local programs have recently closed their doors
The number of volunteers continues to steadily grow year over year
The centre received a very large unexpected donation
The centre ran a small deficit the year before

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