✨ Financial Statements Audit Report
Independent auditor’s report
To the Trustees of TSB Community Trust
Report on the financial statements
We have audited the accompanying financial statements of TSB Community Trust ("the Trust") on pages 3 to 22. The financial statements comprise the statement of financial position as at 31 March 2013, the statements of comprehensive income, changes in equity and cash flows for the year then ended, and a summary of significant accounting policies and other explanatory information.
Trustees’ responsibility for the financial statements
The Trustees are responsible for the preparation of financial statements in accordance with generally accepted accounting practice in New Zealand that give a true and fair view of the matters to which they relate, 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 responsibility
Our responsibility is to express an opinion on those 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 Trust’s preparation of the financial statements that give a true and fair view 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 Trust’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 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 Trust.
Opinion
In our opinion the financial statements on pages 3 to 22:
- comply with generally accepted accounting practice in New Zealand;
- comply with International Financial Reporting Standards (NZ IFRS);
- give a true and fair view of the financial position of the Trust as at 31 March 2013 and of its financial performance and cash flows for the year then ended.
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NZ Gazette 2013, No 101
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TSB Community Trust Financial Statements
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🏢 State Enterprises & InsuranceFinancial statements, audit report, TSB Community Trust, accounting practice, auditor opinion, financial position, financial performance, cash flows