Creamy Chill Case Study

Creamy Chill Creamy chill is one of Canada’s best ice cream producing factories. We are located in Toronto, Ottawa, Waterloo, Montreal and headquartered in Mississauga Ontario. For the year 2015, we authorised a total of 100,000 shares and issued 75,000 shares to the public. We specialise in the production of ice cream and yogurt We produce different flavours and types of ice cream and other food products. Some of our ice creams are organic and is good for the health. Our products give our customers something to look forward to.

For over 25 years, we have been known for our nutritious and flavored ice creams which is made to be suitable for people of all health status. In 2015 alone, we have produced and sold over 50,000 ice creams of different …show more content…
Independent Auditors Report
To the Shareholders of Creamy Chill Inc. The consolidated financial statements which we have audited, consists of the consolidated balance sheets as at December 31, 2015, and changes in total equity and cash flows for the years then ended

Management’s Responsibility for the Consolidated Financial Statements
At Creamy Chill, it is the responsibility of the Management team to prepare a fair consolidated financial statement. According to the International Financial Reporting Standards, it is important that the consolidated financial statement of a company must disclose all information concerning the business.

Auditors responsibility
An auditor is responsible for auditing the consolidated financial statement in accordance to the Canadian generally accepted auditing standards. These standards are established to ensure that the consolidated financial statement is fair and that the auditors perform according to ethical requirements and plan.The main purpose of an audit is to disclose all misstatements on the consolidated financial statement despite the