Auditor ’ s Independence Declaration In conducting our audit , we have complied with the independence requirements of the Corporations Act 2001 .
Basis for Qualified Auditor ’ s Opinion
Donations and fundraising revenue are a source of revenue for KU Children ’ s Services . KU Children ’ s Services has determined that it is impracticable to establish control over the collection of donations and fundraising revenue prior to entry into its financial records . Accordingly , as the evidence available to us regarding revenue from these sources was limited , our audit procedures with respect to donations and fundraising revenue had to be restricted to the amounts recorded in the financial records . We therefore are unable to express an opinion whether donations and fundraising revenue that KU Children ’ s Services obtained are complete .
Qualified Auditor ’ s Opinion
In our opinion , except for the effects of such adjustments , if any , as might have been determined to be necessary had we been able to satisfy ourselves as to the completeness of the donations and fundraising revenue :
( a ) the financial report of KU Children ’ s Services is in accordance with the Corporations Act 2001 , including :
( i ) giving a true and fair view of the company ’ s financial position as at 31 December 2007 and of its performance for the year ended on that date ; and
( ii ) c o m p l y i n g w i t h Australian Accounting Standards ( including the Australian Accounting Interpretations ) and the Corporations Regulations 2001 ;
( b ) the financial report agrees to the underlying financial records of KU Children ’ s Services , that have been maintained , in all material respects , in accordance with the Charitable Fundraising Act 1991 and its regulations for the year ended 31 December 2007 ; and
( c ) monies received by KU Children ’ s Services , as a result of fundraising appeals conducted during the year ended 31 December 2007 , have been accounted for and applied , in all material respects , in accordance w i t h t h e C h a r i t a b l e Fundraising Act 1991 and its regulations .
DELOITTE TOUCHE TOHMATSU
James Winter Partner
Chartered Accountants
Sydney , 17 April 2008
KU ’ s 112 th Annual Report 2007 19