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Independent Auditor’s Report

 

 

 

Independent Auditor’s Report

 

To the readers of

the Ministry for Culture and Heritage’s

annual report for the year ended 30 June 2015

 

The Auditor‑General is the auditor of the Ministry for Culture and Heritage (the Ministry). The Auditor‑General has appointed me, Stephen Lucy, using the staff and resources of Audit New Zealand, to carry out the audit on her behalf of:

  • the financial statements of the Ministry on pages 51 to 70 that comprise the statement of financial position, statement of commitments, statement of contingent liabilities and contingent assets as at 30 June 2015, the statement of comprehensive revenue and expense, statement of changes in equity, and statement of cash flows for the year ended on that date and the notes to the financial statements that include accounting policies and other explanatory information;
  • the performance information prepared by the Ministry for the year ended 30 June 2015 on pages 8 to 22 and 24 to 44;
  • the statements of expenses and capital expenditure of the Ministry for the year ended 30 June 2015 on pages 85 to 88; and
  • the schedules of non‑departmental activities which are managed by the Ministry on behalf of the Crown on pages 71 to 84 and 89 to 96 that comprise:
    • the schedules of: assets; liabilities; commitments; contingent liabilities and assets; expenses; and revenue for the year ended 30 June 2015;
    • the statement of trust monies for the year ended  30 June 2015;and
    • the notes to the schedules that include accounting policies and other explanatory information

Opinion

In our opinion:

  • the financial statements of the Ministry:
    • present fairly, in all material respects:
      • its financial position as at 30 June 2015; and
      • its financial performance and cash flows for the year ended on that date;
    • comply with generally accepted accounting practice in New Zealand and have been prepared in accordance with Public Benefit Entity Reporting Standards.
  • the performance information of the Ministry:
    • presents fairly, in all material respects, for the year ended 30 June 2015:
      • what has been achieved with the appropriation; and
      • the actual expenses or capital expenditure incurred compared with the appropriated or forecast expenses or capital expenditure;
    • complies with generally accepted accounting practice in New Zealand.
  • the statements of expenses and capital expenditure of the Ministry on pages 85 to 88 are presented fairly, in all material respects, in accordance with the requirements of section 45A of the Public Finance Act 1989.
  • the schedules of non‑departmental activities which are managed by the Ministry on behalf of the Crown on pages 71 to 84 and 89 to 96 present fairly, in all material respects, in accordance with the Treasury Instructions:
    • the assets; liabilities; commitments; contingent liabilities and assets; expenses; and revenue for the year ended 30 June 2015; and
    • the statement of trust monies for the year ended  30 June 2015

Our audit was completed on 30 September 2015. This is the date at which our opinion is expressed.

The basis of our opinion is explained below. In addition, we outline the responsibilities of the Chief Executive and our responsibilities, and we explain our independence.

Basis of opinion

We carried out our audit in accordance with the Auditor‑General’s Auditing Standards, which incorporate the International Standards on Auditing (New Zealand). Those standards require that we comply with ethical requirements and plan and carry out our audit to obtain reasonable assurance about whether the information we audited is free from material misstatement.

Material misstatements are differences or omissions of amounts and disclosures that, in our judgement, are likely to influence readers’ overall understanding of the information we audited. If we had found material misstatements that were not corrected, we would have referred to them in our opinion.

An audit involves carrying out procedures to obtain audit evidence about the amounts and disclosures in the information we audited. The procedures selected depend on our judgement, including our assessment of risks of material misstatement of the information we audited, whether due to fraud or error. In making those risk assessments, we consider internal control relevant to the Ministry’s preparation of the information we audited 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 Ministry’s internal control.

An audit also involves evaluating:

  • the appropriateness of accounting policies used and whether they have been consistently applied;
  • the reasonableness of the significant accounting estimates and judgements made by the Chief Executive;
  • the appropriateness of the reported performance information within the Ministry’s framework for reporting performance;
  • the adequacy of the disclosures in the information we audited; and
  • the overall presentation of the information we audited.

We did not examine every transaction, nor do we guarantee complete accuracy of the information we audited. Also, we did not evaluate the security and controls over the electronic publication of the information we audited.

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

Responsibilities of the Chief Executive

The Chief Executive is responsible for preparing:

  • financial statements that present fairly the Ministry’s financial position, financial performance, and its cash flows, and that comply with generally accepted accounting practice in New Zealand and Public Benefit Entity Reporting Standards.
  • performance information that presents fairly what has been achieved with each appropriation, the expenditure incurred as compared with expenditure expected to be incurred, and that complies with generally accepted accounting practice in New Zealand.
  • statements of expenses and capital expenditure of the Ministry, that are presented fairly, in accordance with the requirements of the Public Finance Act 1989.
  • schedules of non‑departmental activities, in accordance with the Treasury Instructions, that present fairly those activities managed by the Ministry on behalf of the Crown.

The Chief Executive’s responsibilities arise from the Public Finance Act 1989.

The Chief Executive is responsible for such internal control as is determined is necessary to ensure that the annual report is free from material misstatement, whether due to fraud or error. The Chief Executive is also responsible for the publication of the annual report, whether in printed or electronic form.

Responsibilities of the Auditor

We are responsible for expressing an independent opinion on the information we are required to audit, and reporting that opinion to you based on our audit. Our responsibility arises from the Public Audit Act 2001 and the Public Finance Act 1989.

Independence

When carrying out the audit, we followed the independence requirements of the Auditor‑General, which incorporate the independence requirements of the External Reporting Board.

Other than the audit, we have no relationship with or interests in the Ministry.

 

S B Lucy

Audit New Zealand

On behalf of the Auditor‑General

Wellington, New Zealand

 


Updated on 9th December 2015