Independent audit report

To the Prime Minister

Scope

I have audited the financial statements of the Office of the Inspector-General of Intelligence and Security for the year ended 30 June 2002. The financial statements comprise:

Statement by the Inspector-General;
Statements of Financial Performance, Financial Position and Cash Flows;
Schedules of Commitments and Contingencies; and
Notes to and forming part of the Financial Statements.

The Inspector-General is responsible for the preparation and presentation of the financial statements and the information they contain. I have conducted an independent audit of the financial statements in order to express an opinion on them to you.

The audit has been conducted in accordance with the Australian National Audit Office Auditing Standards, which incorporate the Australian Auditing Standards, to provide reasonable assurance as to whether the financial statements are free of material misstatement. Audit procedures included examination, on a test basis, of evidence supporting the amounts and other disclosures in the financial statements and the evaluation of accounting policies and significant accounting estimates. These procedures have been undertaken to form an opinion as to whether, in all material respects, the financial statements are presented fairly in accordance with Accounting Standards and other mandatory professional reporting requirements in Australia and statutory requirements so as to present a view which is consistent with my understanding of the Agency's financial position, its financial performance and its cash flows.

The audit opinion expressed in this report has been formed on the above basis.

Audit Opinion

In my opinion the financial statements:

have been prepared in accordance with the Finance Minister's Orders made under the Financial Management and Accountability Act 1997; and
give a true and fair view, in accordance with applicable Accounting Standards and other mandatory professional reporting requirements in Australia and the Finance Minister's Orders, of the financial position of the Office of the Inspector-General of Intelligence and Security as at 30 June 2002 and its financial performance and cash flows for the year then ended.

Australian National Audit Office

David C McKean
Executive Director

Delegate of the Auditor-General

Canberra
9 October 2002

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