Page 20 - AHEIA Annual Report

INDEPENDENT AUDIT REPORT
INDEPENDENT AUDIT REPORT TO THE MEMBERS OF AUSTRALIAN HIGHER EDUCATION INDUSTRIAL ASSOCIATION
Opinion
We have audited the general purpose financial report of Australian Higher Education Industrial Association which comprises the statement of financial position as at 31 December 2016, the statement of comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, and notes to the financial statements, including a summary of significant accounting policies, and the statement by the Executive Committee.
In our opinion:
(a) the accompanying financial report of Australian Higher Education Industrial Association
presents a true and fair view of the Association’s financial position as at 31 December 2016 and their performance for the year ended on that date in accordance with applicable Australian Accounting Standards and other mandatory professional reporting requirements in Australia, the requirements of the Fair Work (Registered Organisations) Act 2009, and other requirements imposed by these reporting guidelines and Part 3 of Chapter 8 of the RO Act;
(b) management’s use of the going concern basis of accounting in the preparation of the Association’s financial report is appropriate; and
(c) the financial report properly and fairly reports all information required by the reporting guidelines, including:
(i) any fees charged to, or reimbursements of expenses claimed from, members and others for recovery of wages activities; and
(ii) any donations or other contributions deducted from recovered money.
Basis for Opinion
We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Report section of our report. We are independent of the Entity in accordance with the ethical requirements of the Accounting Professional and Ethical Standards Board's APES 110 Code of Ethics for Professional Accountants (the Code) that are relevant to our audit of the financial report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
20 AHEIA Annual Report 2016