The entity that is represented by a single set of consolidated financial statements is:

The entity that is represented by a single set of consolidated financial statements is known as a Group or a Parent Company and its Subsidiaries.

Here are the steps to understand this:

1. Consolidated Financial Statements: These are financial statements that roll up multiple accounts of a company and its subsidiaries into one set of financial statements.

2. Parent Company: This is a company that owns enough voting stock in another firm (subsidiary) to control management and operations by influencing or electing its board of directors.

3. Subsidiaries: These are companies that are either partially or completely owned by another company (the parent company).

4. Group: This refers to a parent company and all its subsidiaries.

So, a single set of consolidated financial statements represents a Group, which includes a Parent Company and all its Subsidiaries. It provides an aggregated look at the financial position of a parent and its subsidiaries as if they were a single economic entity.