Berry Street Web Docs Financial Report 2010 | Page 41

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Melbourne VIC 3000
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www.moorestephens.com.au

INDEPENDENT AUDITOR’S REPORT
TO THE MEMBERS OF BERRY STREET VICTORIA INC
We have audited the accompanying financial report of Berry Street Victoria Inc (the Association) which
comprises the Statement of Financial Position as at 30 June 2010, and the Statement of
Comprehensive Income, Statement of Changes in Equity and Statement of Cash Flows for the year
ended on that date, a summary of significant accounting policies, other explanatory notes and the
directors’ declaration.
The Responsibility of the Directors for the Financial Report
The directors of the Association are 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 1981. This responsibility includes
designing, implementing and maintaining internal controls 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. We confirm that the independence declaration provided to the
th
directors of Berry Street Victoria Inc. on 27 September 2010, would be in the same terms if provided
to the directors as at the date of this auditor’s report.

Moore Stephens ABN 39 533 589 331. Liability limited by a scheme approved under Professional Standards Legislation. An independent member of Moore Stephens International Limited –
members in principal cities throughout the world. The Melbourne Moore Stephens firm is not a partner or agent of any other Moore Stephens firm. And is a separate partnership in Victoria.