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On June 18, 2019, we issued an unqualified (clean) audit opinion on the Province’s Consolidated Financial Statements for the year ended March 31, 2019. A clean audit opinion means that we concluded, based on obtaining sufficient and appropriate audit evidence, that the financial statements are free of material misstatements and are presented fairly in accordance with Public Sector Accounting Standards.

Key Audit Matters

Our audit of the 2018–2019 Consolidated Statements of the Province of Alberta focused on the following key risks—or those matters that, in our professional judgement, were of most significance—during our audit:

  • Government’s contracts with the North West Redwater Partnership
  • Environmental liabilities
  • Pension liabilities