Noosa Council Annual Report 24/25

186
187




      Noosa Council Annual Report 24/25

o Queensland oO Queensland @e@ Audit Office @e@ Audit Office Better public services Better public services INDEPENDENT AUDITOR’S REPORT My opinion on the financial report does not cover the other information and accordingly | do not express any form of assurance conclusion thereon. However, as required by the Local To the Councillors of Noosa Shire Council Government Regulation 2012, | have formed a separate opinion on the current year financial sustainability statement. Report on the audit of the financial report In connection with my audit of the financial report, my responsibility is to read the other information and, in doing so, consider whether the other information is materially Opinion inconsistent with the financial report and my knowledge obtained in the audit or otherwise | have audited the financial report of Noosa Shire Council. appears to be materially misstated. The financial report comprises the statement of financial position as at 30 June 2025, the If, based on the work | have performed, | conclude that there is a material misstatement of statement of comprehensive income, statement of changes in equity and statement of cash this information, | am required to report that fact. | have nothing to report in this regard. flows for the year then ended, notes to the financial statements including material accounting Responsibilities of the councillors for the financial report policy information and the certificate given by the Mayor and Chief Executive Officer. The councillors are responsible for the preparation of the financial report that gives a true In my opinion, the financial report: and fair view in accordance with the Loca! Government Act 2009, the Local Government Regulation 2012 and Australian Accounting Standards, and for such internal contro! as the a) gives a true and fair view of the council's financial position as at 30 June 2025, and of its councillors determine is necessary to enable the preparation of the financial report that is financial performance for the year then ended; and free from material misstatement, whether due to fraud or error. b) complies with the Local Government Act 2009, the Local Government Regulation 2012 and The councillors are also responsible for assessing the council's ability to continue as a going Australian Accounting Standards. concern, disclosing, as applicable, matters relating to going concern and using the going Basis for opinion concern basis of accounting unless it is intended to abolish the council or to otherwise cease operations of the council. | conducted my audit in accordance with the Auditor-General Auditing Standards, which incorporate the Australian Auditing Standards. My responsibilities under those standards are Auditor's responsibilities for the audit of the financial report further described in the Auditor's responsibilities for the audit of the financial report zo My objectives are to obtain reasonable assurance about whether the financial report as a oa section of my report. whole is free from material misstatement, whether due to fraud or error, and to issue an | am independent of the council in accordance with the ethical requirements of the auditor's report that includes my opinion. Reasonable assurance is a high level of Accounting Professional and Ethical Standards Board's APES 110 Code of Ethics for assurance, but is not a guarantee that an audit conducted in accordance with the Australian Professional Accountants (the Code) that are relevant to my audit of the financial report in Auditing Standards will always detect a material misstatement when it exists. Misstatements Australia. | have also fulfilled my other ethical responsibilities in accordance with the Code can arise from fraud or error and are considered material if, individually or in the aggregate, and the Auditor-General Auditing Standards. they could reasonably be expected to influence the economic decisions of users taken on | believe that the audit evidence | have obtained is sufficient and appropriate to provide a the basis of this financial report. basis for my opinion. A further description of my responsibilities for the audit of the financial report is located at the Other information Auditing and Assurance Standards Board website at: The councillors are responsible for the other information. https://www.auasb.gov.au/auditors responsibilities/ar4.pdf The other information comprises the information included in the entity's annual report for the This description forms part of my auditor's report. year ended 30 June 2025, but does not include the financial report and our auditor's report Report on other legal and regulatory requirements thereon. In accordance with s. 40 of the Auditor-General Act 2009, for the year ended 30 June 2025: At the date of this auditor's report, the available other information in Noosa Shire Council's a) | received all the information and explanations | required annual report for the year ended 30 June 2025 was the current year financial sustainability statement audited ratios, current year financial sustainability statement contextual ratios b) | consider that, the prescribed requirements in relation to the establishment and keeping (unaudited) and unaudited long-term financial sustainability statement. of accounts were complied with in all material respects. 186 187