Berry Street Web Docs Financial Report 2016 | Page 28

INDEPENDENT AUDITOR’S REPORT
TO THE MEMBERS OF BERRY STREET VICTORIA INC

Report on the Financial Report
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 2016, the income statement, the
statement of comprehensive income, statement of changes in equity and statement of cash flows for
the year then ended, notes comprising a summary of significant accounting policies and other
explanatory information, and the directors’ declaration.
Director’s Responsibility for the Financial Report
The directors of the Association are responsible for the preparation of the financial report that gives a
true and fair view in accordance with Australian Accounting Standards – Reduced Disclosure
Requirements, the Associations Incorporation Reform Act 2012 and the financial requirements of the
Australian Charities and Not-for-profits Commission Act 2012. The Directors’ responsibility also
includes establishing 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.
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. Those standards require that we comply
with relevant ethical requirements relating to audit engagements and plan and perform the audit to
obtain reasonable assurance about 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 judgment, 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 association’s
preparation of the financial report that gives a true and fair view 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 Association’s internal control. An audit also includes evaluating the
appropriateness of accounting policies used and the reasonableness of accounting estimates made by
the directors, 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 the Associations
Incorporation Reform Act 2012 and the Australian Charities and Not-for-profits Commission Act 2012.

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member of ShineWing International Limited – members in principal cities throughout the world.