✨ Audit Report
NEW ZEALAND GAZETTE, No. 98
10 AUGUST 2010
MARTIN WAKEFIELD
TIMARU, NZ
AUDIT REPORT
To the Trustees of The Community Trust of Mid & South Canterbury Inc.
We have audited the financial statements of The Community Trust of Mid & South Canterbury Inc. on pages 5 to 19, which comprise the statement of financial position as at 31 March 2010, and the statement of financial performance, statement of changes in equity for the year then ended, the statement of cashflows and a summary of significant accounting policies and other explanatory information.
Trustees Responsibility for the Financial Statements
The Trustees are responsible for the preparation and fair presentation of these financial statements in accordance with generally accepted accounting practice in New Zealand and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
Auditor’s Responsibilities
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with International Standards on Auditing (New Zealand). Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Other than in our capacity as auditor we have no relationship with, or interests in, The Community Trust of Mid & South Canterbury Inc.
Opinion
In our opinion, the financial statements on pages 5 to 19 give a true and fair view of the financial position of The Community Trust of Mid & South Canterbury Inc. as at 31 March 2010, and of its financial performance and cashflows for the year then ended in accordance with generally accepted accounting practice in New Zealand.
Report on Other Legal and Regulatory Requirements
We have obtained all the information and explanations that we have required. In our opinion proper accounting records have been kept by The Community Trust of Mid & South Canterbury Inc. as far as appears from an examination of those records.
Auditors
Date: 25 June 2010
Address (city): TIMARU
NZ Gazette 2010, No 98
✨ LLM interpretation of page content
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Audit Report for The Community Trust of Mid & South Canterbury Inc.
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🏢 State Enterprises & Insurance25 June 2010
Audit, Financial Statements, Trustees, Financial Position, Financial Performance, Cashflows, Accounting Policies
- Martin Wakefield, Chartered Accountants