✨ Audit Report
Audit New Zealand
REPORT OF THE AUDIT OFFICE
TO THE READERS OF THE FINANCIAL STATEMENTS OF
DUNEDIN ELECTRICITY LIMITED
FOR THE YEAR ENDED 31 MARCH 2003
We have audited the financial statements of Dunedin Electricity Limited on pages 2 to 11. The financial statements provide information about the past financial performance of Dunedin Electricity Limited and its financial position as at 31 March 2003. This information is stated in accordance with the accounting policies set out on pages 6 and 7.
Directors’ Responsibilities
The Electricity (Information Disclosure) Regulations 1999 require the Directors to prepare financial statements that give a true and fair view of the financial position of Dunedin Electricity Limited as at 31 March 2003, and the results of its operations and cash flows for the year ended on that date.
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 Bede Kearney 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 Directors in the preparation of the financial statements; and
- whether the accounting policies are appropriate to Dunedin Electricity Limited’s circumstances, consistently applied and adequately disclosed.
We conducted our audit in accordance with the Auditing Standards published by the Auditor-General, which incorporate 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 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.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 99
Gazette.govt.nz —
NZ Gazette 2003, No 99
✨ LLM interpretation of page content
💰 Audit Report of Dunedin Electricity Limited Financial Statements
💰 Finance & RevenueAudit, Financial Statements, Dunedin Electricity Limited, Electricity, Public Audit Act 2001
- Bede Kearney, Audit New Zealand