Annual report 2003-2004, Department of Corporate and Information Services
Department of Corporate and Information Services annual report 2003 - 2004
Northern Territory. Department of Corporate and Information Services
E-Publications; E-Books; PublicationNT; Department of Corporate and Information Services annual report; Annual report
Made available by the Library & Archives NT via the Publications (Legal Deposit) Act 2004 (NT).
Northern Territory. Department of Corporate and Information Services -- Periodical
Northern Territory Government
Department of Corporate and Information Services annual report; Annual report
Attribution International 4.0 (CC BY 4.0)
Northern Territory Government
160 AUDITOR-GENERALS REPORT TO THE MINISTER FOR CORPORATE AND INFORMATION SERVICES NT FLEET YEAR ENDED 30 JUNE 2004 Scope The financial report and the Accountable Officers responsibility The financial report of NT Fleet comprises the statement by the Accountable Officer and statements of financial position, financial performance and cash flows and accompanying notes to the financial statements for the year ended 30 June 2004. The Accountable Officer of the Agency is responsible for the preparation and presentation of the financial report in accordance with the requirements of the Financial Management Act. This includes responsibility for the maintenance of adequate accounting records and internal controls that are designed to prevent and detect fraud and error, and for the accounting policies and accounting estimates inherent in the financial report. Audit approach I conducted an independent audit in order to express an opinion to the responsible Minister for Corporate and Information services. My audit was conducted in accordance with Australian Auditing and assurance Standards in order to provide reasonable assurance as to whether the financial report is free of material misstatement. The nature of an audit is influenced by factors such as the use of professional judgement, selective testing, the inherent limitations of internal control systems and the availability of persuasive rather than conclusive evidence. Therefore, an audit cannot guarantee that all material misstatements or control deficiencies have been detected. I performed procedures to assess whether, in all material respects, the financial report presents fairly, in accordance with Accounting Standards and other mandatory financial reporting requirements in Australia and with the requirements of the Financial Management Act, a view which is consistent with my understanding of the Agencys financial position and its financial performance as represented by the results of its operations and cash flows. I formed my audit opinion on the basis of these procedures, which included: examining, on a test basis, information to provide evidence supporting the amounts and disclosures in the financial report; and assessing the appropriateness of the accounting policies and disclosures used and the reasonableness of accounting estimates made by the Accountable Officer. While I considered the effectiveness of managements internal controls over financial reporting when determining the nature and extend of my procedures, my audit was not designed to provide assurance on internal controls. My audit did to involve an analysis of the prudence of business decisions made by the Accountable Officer or management.