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 2001. The financial statements comprise:
Statement by the Inspector-General;
Statements of Financial Performance, Financial Position and Cash Flows;
Schedules of Contingencies and Commitments; 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 Australian Accounting Standards, other mandatory professional reporting requirements and statutory requirements in Australia so as to present a view of the agency which is consistent with my understanding of its financial position, its operations and its cash flows.
The audit opinion expressed in this report has been formed on the above basis.
Audit Opinion
In my oinion,
(i) the financial statements have been prepared in accordance with Schedule 1 of the Financial Management and Accountability (Financial Statements 2000-2001) Orders; and
(ii) the financial statements give a true and fair view, in accordance with applicable Accounting Standards, other mandatory professional reporting requirements and Schedule1of the Financial Management and Accountability (Financial Statements 2000-2001) Orders, of the financial position of the Office of the Inspector-General of Intelligence and Security as at 30 June 2001 and the results of its operations and its cash flows for the year then ended.
Australian National Audit Office
Willie Tan
Senior Director
Delegate of the Auditor-General
Canberra
15 October 2001