Page 78 - GMT and GMT Bond Issuer Annual Report 2017 v2

INDEPENDENT AUDITOR’S
 Provide the directors with a statement that we have complied with relevant ethical requirements regarding independence, and communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
 Determine those matters, from the matters communicated with the directors, that were of most signi cance in the audit of the nancial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor’s report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our auditor’s report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest bene ts of such communication.
REPORT
WHO WE REPORT TO
This report is made solely to the Company’s shareholder, as a body. Our audit work has been undertaken so that we might state those matters which we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company’s shareholder, for our audit work, for this report or for the opinions we have formed.
To the shareholder of GMT Bond Issuer Limited continued
The engagement partner on the audit resulting in this independent auditor’s report is Jonathan Freeman. For and on behalf of:
Chartered Accountants 17 May 2017
AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS (CONTINUED)
 Evaluate the overall presentation, structure and content of the nancial statements, including the disclosures, and whether the nancial statements
represent the underlying transactions and events in a manner that achieves fair presentation.
 Communicate with the directors regarding, among other matters, the planned scope and timing of the audit and signi cant audit ndings, including any signi cant de ciencies in internal control that we identify during the audit.
Auckland
GMT BOND ISSUER LIMITED ANNUAL REPORT 2017 FINANCIAL STATEMENTS
76 INDEPENDENT AUDITOR’S REPORT
TO THE SHAREHOLDER OF GMT BOND ISSUER LIMITED