b"CANADIAN SCHOOL BOARDS ASSOCIATIONSL'ASSOCIATION CANADIENNE DES COMMISSIONS/CONSEILS SCOLAIRESFINANCIAL STATEMENTSMARCH 31, 20221INDEPENDENT AUDITOR'S REPORTTo the Directors ofCanadian School Boards AssociationsL'Association canadienne des commissions/conseils scolairesPageOpinion Independent Auditor's Report 1 - 3Wehaveauditedthefinancial statementsofCanadian School Boards Associations - L'Association canadienne desBalance Sheet 4 commissions/conseils scolaires (the Association), which comprise the balance sheet as at March 31, 2022, and thestatements of operations, changes in net assets and cash flows for the year then ended, and notes to the financialStatement of Operations 5 statements, including a summary of significant accounting policies.Statement of Changes in Net Assets 6 In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position ofStatement of Cash Flows 7 the Association as at March 31, 2022, and the results of its operations and its cash flows for the year then ended inaccordance with Canadian accounting standards for not-for-profit organizations.Notes to Financial Statements 8 - 13Basis for Opinion Weconducted ourauditinaccordance withCanadiangenerallyacceptedauditing standards. Our responsibilitiesunder those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statementssection of our report. We are independent of the Association in accordance with the ethical requirements that arerelevant to our audit of the financial statements in Canada, and we have fulfilled our other ethical responsibilities inaccordancewiththeserequirements.Webelievethattheauditevidencewehaveobtainedissufficientandappropriate to provide a basis for our opinion.Responsibilities of Management and Those Charged with Governance for the Financial StatementsManagement is responsible for the preparation and fair presentation of the financial statements in accordance withCanadianaccountingstandardsfornot-for-profitorganizations,andforsuchinternalcontrolasmanagementdetermines is necessary to enable the preparation of financial statements that are free from material misstatement,whether due to fraud or error.In preparing the financial statements, management is responsible for assessing the Association's ability to continue as agoingconcern,disclosing,asapplicable,mattersrelatedtogoingconcernandusingthegoingconcernbasisofaccounting unless management either intends to liquidate the Association or to cease operations, or has no realisticalternative but to do so.Those charged with governance are responsible for overseeing the Association's financial reporting process.45 46"