Rogers Sugar Inc. Releases Audited Financial Statements for Fiscal Years 2018-2019

Rogers Sugar Inc. has published its audited consolidated financial statements for the fiscal years ending September 28, 2019, and September 29, 2018. The report was issued by independent auditor KPMG LLP.

The statements, prepared in accordance with International Financial Reporting Standards (IFRS), include the company's consolidated statements of financial position, earnings, comprehensive income, changes in shareholders' equity, and cash flows for the two fiscal periods. KPMG LLP has fulfilled its responsibilities as an independent auditor in accordance with Canadian auditing standards.

According to the report, management is responsible for the preparation and fair presentation of these financial statements. This includes ensuring the effectiveness of internal controls to prevent material misstatements, whether due to fraud or error. Management is also responsible for assessing the entity's ability to continue as a going concern.

The auditors' responsibilities outlined in the report involve obtaining reasonable assurance that the financial statements are free from material misstatement. This includes identifying and assessing risks of material misstatement and performing audit procedures responsive to those risks.