New Zealand Gazette – 2001 – No. 117

Page 3033

✨ Audit Report



5 SEPTEMBER
NEW ZEALAND GAZETTE
3033

Audit New Zealand

REPORT OF THE AUDIT OFFICE
TO THE READERS OF THE FINANCIAL STATEMENTS
OF WESTPOWER LIMITED
FOR THE YEAR ENDED 31 MARCH 2001

We have audited the accompanying financial statements of Westpower Limited on pages 2 to 15. The financial statements provide information about the past financial performance of Westpower Limited and it financial position as at 31 March 2001. This information is stated in accordance with the accounting policies set out on pages 2 to 4.

Directors’ Responsibilities

The Electricity (Information Disclosure) Regulations 1999 require the Directors to prepare financial statements which give a true and fair view of the financial position of Westpower Limited as at 31 March 2001 and the results of its operations and cash flows for the year then ended.

Auditor’s Responsibilities

It is the responsibility of the Audit Office to express an independent opinion on the financial statements presented by the Directors and report its opinion to you.

The Controller and Auditor-General has appointed Devan Menon, of Audit New Zealand, to undertake the audit.

Basis of Opinion

An audit includes examining, on a test basis, evidence relevant to the amounts and disclosures in the financial statements and performance information. It also includes assessing:

  • the significant estimates and judgements made by the Board in the preparation of the financial statements; and
  • whether the accounting policies are appropriate to Westpower Limited circumstances, consistently applied and adequately disclosed.

We conducted our audit in accordance with generally accepted auditing standards, including the Auditing Standards issued by the Institute of Chartered Accountants of New Zealand. We planned and performed our audit so as to obtain all the information and explanations which we considered necessary. We obtained sufficient evidence to give reasonable assurance that the financial statements are free from material misstatements, whether caused by fraud or error. In forming our opinion, we also evaluated the overall adequacy of the presentation of information in the financial statements.

Other than in our capacity as auditor, acting on behalf of the Controller and Auditor-General, we have no relationship with or interests in Westpower Limited.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2001, No 117


Gazette.govt.nz — PDF NZ Gazette 2001, No 117




✨ LLM interpretation of page content

🏭 Report of the Audit Office to the Readers of the Financial Statements of Westpower Limited (continued from previous page)

🏭 Trade, Customs & Industry
Audit, Financial Statements, Westpower Limited
  • Devan Menon, Auditor appointed by Controller and Auditor-General

  • Devan Menon, of Audit New Zealand