✨ Audit Report
Deloitte.
AUDIT REPORT
TO THE TRUSTEES OF THE COMMUNITY TRUST OF SOUTHLAND
We have audited the financial statements on pages 3 to 28. The financial statements provide information about the past financial performance and financial position of the Community Trust of Southland and group as at 31 March, 2010. This information is stated in accordance with the accounting policies set out on pages 7 to 12.
Board of Trustees’ Responsibilities
The Board of Trustees is responsible for the preparation, in accordance with New Zealand law and generally accepted accounting practice, of financial statements which give a true and fair view of the financial position of the Community Trust of Southland and group as at 31 March, 2010 and of the results of operations and cash flows for the year ended on that date.
Auditors’ Responsibilities
It is our responsibility to express to you an independent opinion on the financial statements presented by the Board of Trustees.
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:
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the significant estimates and judgements made by the Board of Trustees in the preparation of the financial statements, and
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whether the accounting policies are appropriate to the Trust and group circumstances, consistently applied and adequately disclosed.
We conducted our audit in accordance with New Zealand Auditing Standards. 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.
Other than in our capacity as auditor, we have no relationship with or interests in the Community Trust of Southland or any of its subsidiaries.
Unqualified Opinion
We have obtained all the information and explanations we have required.
In our opinion:
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proper accounting records have been kept by the Community Trust of Southland as far as appears from our examination of those records; and
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the financial statements on pages 3 to 28:
- comply with generally accepted accounting practice in New Zealand;
- comply with International Financial Reporting Standards; and
- give a true and fair view of the financial position of the Community Trust of Southland and group as at 31 March, 2010 and the results of their operations and cash flows for the year ended on that date.
Our audit was completed on 3 August, 2010 and our unqualified opinion is expressed as at that date.
Chartered Accountants
DUNEDIN, NEW ZEALAND
PUBLISHED BY THE
DEPARTMENT OF INTERNAL AFFAIRS
PRINTED BY BLUE STAR GROUP
ISSN 0111-5650
ISSN 1177-8415
Price $7.00 (inc. GST)
NZ Gazette 2010, No 109
✨ LLM interpretation of page content
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Financial Report of the Community Trust of Southland
(continued from previous page)
💰 Finance & Revenue3 August 2010
Audit, Financial Statements, Trust, Southland
- Deloitte, Chartered Accountants