BYRON SHIRE COUNCIL

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BYRON SHIRE COUNCIL

GENERAL PURPOSE FINANCIAL STATEMENTS

INDEPENDENT AUDITORíS REPORT

 

 

Report on the Financial Statements

 

We have audited the accompanying financial statements of Byron Shire Council (ďthe CouncilĒ), which comprises the statement of financial position as at 30 June 2015, the income statement, statement of comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, notes comprising a summary of significant accounting policies and other explanatory information, and the statement by Councillorsí and Management.

 

Councilís Responsibility for the Financial Statements

 

The Council is responsible for the preparation and fair presentation of the financial statements in accordance with Australian Accounting Standards and the Local Government Act 1993 and for such internal control as the Council determines is necessary to enable the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

 

Auditorís Responsibility

 

Our responsibility is to express an opinion on the financial statements based on our audit. We conducted our audit in accordance with Australian Auditing Standards. Those standards require that we comply with relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain reasonable assurance 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 auditorís 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 Councilís 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 Councilís internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by Council, as well as evaluating the overall presentation of the financial statements.

 

Our audit responsibility does not extend to the original budget information included in the income statement, statement of cash flows, Note 2(a), Note 16 budget variation explanations and Note 17 forecast information, and accordingly, we do not express an opinion on such. In addition, our audit did not include an analysis of the prudence of business decisions made by Council or management.

 

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.


BYRON SHIRE COUNCIL

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Independence

 

In conducting our audit, we have complied with the independence requirements of the Australian professional accounting bodies.

 

Opinion

 

In our opinion:

a)††††† The Councilís accounting records have been kept in accordance with the requirements of the Local Government Act, 1993, Chapter 13, Part 3, Division 2;

b)††††† The financial statements:

i.††††††† Have been prepared in accordance with the requirements of this Division;

ii.†††††† Are consistent with the Councilís accounting records;

iii.††††† Present fairly, in all material respects, the Councilís financial position as at 30 June 2015, and of its performance and its cash flows for the year then ended; and

iv.††††† Are in accordance with applicable Accounting Standards;

c)††††† All information relevant to the conduct of the audit has been obtained; and

d)††††† There are no material deficiencies in the accounting records or financial statements that have come to light in the course of the audit.

 

 

Dated at Lismore this 22nd day of October 2015

 

THOMAS NOBLE & RUSSELL

CHARTERED ACCOUNTANTS

 

 

 

 

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K R FRANEY†††††††††††††††††††† (Partner)

Registered Company Auditor