New Zealand Gazette – 2002 – No. 88

Page 2364

✨ Audit Report



2364

NEW ZEALAND GAZETTE

No. 88

Audit New Zealand

REPORT OF THE AUDIT OFFICE

TO THE READERS OF THE FINANCIAL STATEMENTS OF WAIPA NETWORKS LIMITED FOR THE YEAR ENDED 31 MARCH 2002

We have audited the financial statements of Waipa Networks Limited on pages 1 to 15. The financial statements provide information about the past financial performance of Waipa Networks Limited and its financial position as at 31 March 2002. This information is stated in accordance with the accounting policies set out on pages 4 to 6.

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 Waipa Networks Limited as at 31 March 2002, and results of operations and cash flows for the year then ended.

Auditor’s Responsibilities

Section 15 of the Public Audit Act 2001 and Regulation 31 of the Electricity (Information Disclosure) Regulations 1999 require the Auditor-General to audit the financial statements. It is the responsibility of the Auditor-General to express an independent opinion on the financial statements and report that opinion to you.

The Auditor-General has appointed B H Halford 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. It also includes assessing —

  • the significant estimates and judgements made by the Directors in the preparation of the financial statements; and

  • whether the accounting policies are appropriate to Waipa Networks Limited’s 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 in order to provide us with sufficient evidence to obtain 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.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2002, No 88


Gazette.govt.nz — PDF NZ Gazette 2002, No 88




✨ LLM interpretation of page content

🏭 Financial Statements of Waipa Networks Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Performance Measures, Electricity, Efficiency, Waipa Networks Limited
  • B H Halford, Auditor appointed by the Auditor-General

  • B H Halford, Audit New Zealand