6th AGM of the Council for the Humanities, Arts and Social Sciences.

4:45pm Tuesday, 27 October 2009
National Library of Australia
Parkes Place, Canberra

Auditor's Report: Financial year ended 30 June 2009

WalterTurnball Pty Ltd

44 Sydney Avenue
Barton   ACT   2600

Download the full Auditor's Report   [PDF file size: 3MB]

Report on the Financial Report

We have audited the accompanying financial report, being a special purpose financial report, of the Council for the Humanities, Arts and Social Sciences (the Council), which comprises the balance sheet as at 30 June 2009 and the income statement, statement of recognised income and expenditure and cash flow statement for the year ended on that date, a summary of significant accounting policies and other explanatory notes and the statement by members of the committee.

Committee's Responsibility for the Financial Report

The Committee of the Council is responsible for the preparation and fair presentation of the financial report in accordance with Australian Accounting Standards (including the Australian Accounting Interpretations) and the Associations Incorporation Act (ACT) 1991. This responsibility includes establishing and maintaining internal control relevant to the preparation and fair presentation of the financial report that is free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances.

Auditor's Responsibility

Our responsibility is to express an opinion on the financial report based on our audit. We conducted our audit in accordance with Australian Auditing Standards. These Auditing 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 report is free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial report. The procedures selected depend on the auditor's judgement, including the assessment of the risks of material misstatement of the financial report, 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 report 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 made by the committee, as well as evaluating the overall presentation of the financial report.

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

Independence

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

Auditor's Opinion

In our opinion:

1. The financial statements of the Council for the Humanities, Arts and Social Sciences are properly drawn up:
   1. so as to give a true and fair view of its state of affairs at 30 June 2009 and the results of its operations for the financial year then ended and the other matters required by Section 72 (2) of the Associations Incorporation Act (ACT) 1991 to be disclosed in the financial statements;
   2. in accordance with the provisions of the Associations Incorporation Act (ACT) 1991; and
   3. in accordance with applicable Accounting Standards and other mandatory professional reporting requirements.
2. We have obtained all the information and explanations required; and
3. Proper accounting records and other records have been kept by the Council for the Humanities, Arts and Social Sciences as required by the Associations Incorporation Act (ACT) 1991.

 

Shane Bellchambers, CA WalterTurnbull

Dated this 17th day of September 2009