Page 43 - Annual Report 2016

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 
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 
 
 Independent Auditors Report

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To the members of Queensland Touch Association Inc. If, based on the work we have performed, we conclude that
there is a material misstatement of this other information, we
Report on the Audit of the Financial Report are required to report that fact. We have nothing to report in
 this regard.
Opinion  Responsibilities of management and those charged with

We have audited the financial report of Queensland Touch governance for the Financial Report


Association Inc. (the Entity), which comprises the asset and Management is responsible for the preparation and fair
liabilities statement as at 31 December 2016 and the income presentation of the financial report in accordance with


and expenditure statement for the year then ended, and notes the financial reporting requirements of the Associations
to the financial report, including a summary of significant

 Incorporations Act of Queensland 1981 and for such internal
accounting policies, and statement by committee members. control as management determines is necessary to enable

 In our opinion the accompanying financial report presents the preparation and fair presentation of a financial report
fairly, in all material respects, the financial position of that is free from material misstatement, whether due to fraud


the entity as at 31 December 2016 and of its financial or error.
performance for the year then ended in accordance with the


basis of accounting described in Note 1 and the financial In preparing the financial report, management is responsible
for assessing the Entity’s ability to continue as a going
reporting requirements of the Associations Incorporations 
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
Act of Queensland 1981. concern, disclosing, as applicable, matters relating to going


concern and using the going concern basis of accounting

Basis for opinion unless management either intends to liquidate the Entity or

We conducted our audit in accordance with Australian Auditing to cease operations, or has no realistic alternative but to do so.


Standards. Our responsibilities under those standards Those charged with governance are responsible for

are further described in the Auditor’s Responsibilities for overseeing the Entity’s financial reporting process.

the Audit of the Financial Report section of our report. We


are independent of the Entity in accordance with ethical Auditor’s responsibilities for the audit of the Financial


requirements of the Accounting Professional and Ethical Report
Standards Board’s APES 110 Code of Ethics for Professional Our objectives are to obtain reasonable assurance about


Accountants (the Code) that are relevant to our audit of the whether the financial report as a whole is free from
financial report in Australia. We have also fulfilled our other material misstatement, whether due to fraud or error,


ethical responsibilities in accordance with the Code. and to issue an auditor’s report that includes our opinion.



Reasonable assurance is a high level of assurance, but is not
We believe that the audit evidence we have obtained is


sufficient and appropriate to provide a basis for our opinion. a guarantee that an audit conducted in accordance with the

Australian Auditing Standards will always detect a material

Emphasis of matter – Basis of accounting misstatement when it exists. Misstatements can arise from


We draw attention to Note 1 to the financial report, which fraud or error and are considered material if, individually


describes the basis of accounting. The financial report has or in the aggregate, they could reasonably be expected to
been prepared to assist Queensland Touch Association Inc. to influence the economic decisions of users taken on the basis



meet the requirements of the Associations Incorporations Act of this financial report.



of Queensland 1981. As a result, the financial report may not A further description of our responsibilities for the audit of
be suitable for another purpose. Our opinion is not modified the financial report is located at the Auditing and Assurance



in respect of this matter. Standards Board website (http://www.auasb.gov.au/Home.aspx)



Other information at: http://www.auasb.gov.au/auditors_files/ar3.pdf
The directors are responsible for the other information. The 


other information comprises the information in the Directors’ This description forms part of our auditor’s report.


report for the year ended 31 December 2016, but does not 


include the financial report and the auditor’s report thereon. BDO Audit Pty Ltd




Our opinion on the financial report does not cover the other
information and we do not express any form of assurance

conclusion thereon. 
In connection with our audit of the financial report, our
responsibility is to read the other information and, in doing 
so, consider whether the other information is materially

inconsistent with the financial report or our knowledge T R Mann
obtained in the audit or otherwise appears to be materially Director

misstated. Brisbane, 08 May 2017


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