Queensland Art Gallery Annual Report 2002-03

INDEPENDENT AUDIT REPORT To the Queensland Art Gallery Board of Trustees Scope The Financial Statements The financial statements of the Queensland Art Gallery Board of Trustees include the consolidated financial statements of the consolidated entity comprising the Queensland Art Gallery Board of Trustees and the entities it controlled at the end of the year, or from time to time during the year. The financial statements consist of the Statement of Financial Performance, Statement of Financial Position, Statement of Cash Flows, Notes to and forming part of the financial statements, and certificates given by the Board and officer responsible for the financial administration of the Queensland Art Gallery Board of Trustees, for the year ended 30 June 2003. The Board's Responsibility The Board is responsible for the preparation and true and fair presentation of the financial statements, the maintenance of adequate accounting records and internal controls that are designed to prevent and detect fraud and error, and for the accounting policies and accounting estimates inherent in the financial statements. Audit Approach As required by law, an independent audit was conducted in accordance with GAO Auditing Standards, to enable me to provide an independent opinion whether, in all material respects, the financial statements present fairly, in accordance with the prescribed requirements, including any mandatory financial reporting requirements as approved by the Treasurer for application in Queensland. Audit procedures included - _Examining information on a test/sample basis to provide evidence supporting the amounts and disclosures in the financial statements _Assessing the appropriateness of the accounting policies and disclosures used and the reasonableness of significant accounting estimates made by the Board _Obtaining written confirmation regarding the material representations made in conjunction with the audit _Reviewing the overall presentation of information in the financial statements. 66 Independence The Financial Administration and AuditAct 1977 promotes the independence of the Auditor-General and OAO authorised auditors. The Auditor-General is the auditor of all public sector entities and can only be removed by Parliament. The Auditor-General may conduct an audit in any way considered appropriate, and is not subject to direction by any person about the way in which powers are to be exercised. The Auditor-General has, for the purposes of conducting an audit, access to all documents and property and can report to Parliament matters which in the Auditor-General's opinion are significant. Audit Opinion In accordance with s.46G of the Financial Administration andAudit Act 1977 - (a) I have received all the information and explanations which I have required; and (b) in my opinion - (i) the prescribed requirements in respect of the establishment and keeping of accounts have been complied with in all material respects; and (ii) the statements have been drawn up so as to present a true and fair view, in accordance with prescribed accounting standards of the transactions of the Queensland Art Gallery Board of Trustees and the consolidated entity for the financial year 1July 2002 to 30 June 2003 and of the financial position as at the end of that year. J.E. HARTEN, FCPA Assistant Auditor-General (As Delegate of the Auditor-General of Queensland) Queensland Audit Office Brisbane