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Documents - ; Slanderous and defamatory allegations made by Mr Stirling against Mr Cleanthous and Deo



Documents - ; Slanderous and defamatory allegations made by Mr Stirling against Mr Cleanthous and Deo

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Tabled paper 1563


Tabled Papers for 8th Assembly 1997 - 2001; Tabled Papers; ParliamentNT




Tabledby Shane Stone


Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.




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D e C aSTRO & SuLUVAN C H A R T E R E D A C C O U N T A N T S IN D E PE N D EN T AUD IT REPORT To the members of Ngadunggay Homeland Resource Centre Aboriginal Corporation S c o p e We have audited the financial report o f Ngadunggay Homeland Resource Centre Aboriginal Corporation for the year ended30 June 1996 as set out on pages 5 to 17 and 28 to 31. The Associations Governing Committee is responsib le for the preparation and presentation o f the financial report and the information it contains. We have conducted an independent audit o f the financial report in order to express an opinion on it to the members of the Association. Our audit has been conducted in accordance with Australian Auditing Standards to provide reasonable assurance as to whether the financial report is free o f material misstatement. Our procedures included examination, on a test basis, o f evidence supporting the amounts and other disclosures in the financial report, and the evaluation of accounting p o lic ies and significant accounting estimates. These procedures have been undertaken to form an opinion as to whether, in all material respects, the financial report is presented fairly in accordance with accounting standards and other mandatory professional reporting requirements (Urgent Issues Group Consensus Views) and statutory requirements so as to present a view which is consistent with our understanding of the Associations financial position, the results o f its operations and its cash flows. The audit opinion expressed in this report has been formed on the above basis. Q u a l i f i c a t io n (a) Going Concern The financial report has been prepared on a going concern basis. As stated in Note 1(e) to the financial report, the A ssociation receives government funding. The future viability o f the Association is dependent upon the continued financial support o f the Associations government funding body, namely the Aboriginal and Torres Strait Islander C om m ission. Should the A ssociation be unable to continue operations, adjustments would have to be made to reduce the value o f assets to their recoverable amount, to provide for any further liabilities which might arise, and to reclassify non-current assets as current assets. (b) Property. Plant & Equipment The Association does not have a written lease over the land it occupies, and therefore it does not have tenant rights i n relation to improvements made upon the land. Consequently, we have been unable to determine whether the depreciation rates applicable to such improvements are adequate or whether the values of certain assets are reasonable. During the year, the Association compiled an inventory of its buildings, plant and equipment and undertook a revaluation o f these assets. It is uncertain whether managements valuation of these assets is reasonable. In addition, it was not possible to visit any outstations to sight property, plant and equipment items due to the apparent poor road conditions, the excessive distances involved and the lack of availability o f appropriate transportation. (c) Statements o f Income and Expenditure The detailed statements o f income and expenditure, which form part of the financial report, are in accordance with the books and records of the Association which have been subjected to auditing procedures. It will be appreciated, however, that the audit did not examine all details o f accounts reflected in these individual statements and, to this extent, there is no guarantee that all operational transactions have been fairly stated in these 4(i) Chartered Accountants 3) O C m J I 3RD FLOOR, CAVENAGH CENTRE 43 CAVENAGH STREET. DARWIN NT 0800 GPO BOX 4239. DARWIN NT 0801 TELEPHONE: (08)8941 1868 (08)8941 3977 FACSIMILE: (08) 8941 2569 (08)8941 3096