ZERO EMISSIONS NOOSA (ZEN) Inc. ALLIANCE AGREEMENT · Attachment 7 ZEN Inc. Alliance Agreement Annual Report 2025

    Auditor's Report
    ZERO EMISSIONS NOOSA INC
    For the year ended 31 December 2025
    Independent Auditors Report to the members of the Association
    We have audited the accompanying financial report, being a special purpose financial
    report, of Zero Emissions Noosa Inc (the association), which comprises the committee’s
    report,the assets and liabilities statement as at 31 December 2025, the income and
    expenditure statement for the year then ended, cash flow statement, notes comprising a
    summary of significant accounting policies and other explanatory information, and the
    certification by members of the committee on the annual statements giving a true and
    fair view of the financial position and performance of the association.


    Committee’s Responsibility for the Financial Report
    The committee of Zero Emissions Noosa Inc is responsible for the preparation and fair
    presentation of the financial report, and has determined that the basis of preparation
    described in Note 1 is appropriate to meet the requirements of the Associations
    Incorporation Act QLD and is appropriate to meet the needs of the members. The
    committee’s responsibility also includes such internal control as the committee
    determines is necessary to enable the preparation and fair presentation of a financial
`   report that is free from material misstatement, whether due to fraud or error.
    Auditor’s Responsibility
    Our responsibility is to express an opinion on the financial report based on our audit. We
    have conducted our audit in accordance with Australian Auditing Standards. Those
    standards require that we comply with relevant ethical requirements relating to audit
    engagements and plan and perform the audit to obtain reasonable assurance whether
    the financial report is free from material misstatement.
    An audit involves performing procedures to obtain audit evidence about the amounts and
    disclosures in the financial report. The procedures selected depend on the auditor’s
    judgment, including the assessment of the risks of material misstatement of the
    financial report, whether due to fraud or error. In making those risk assessments, the
    auditor considers internal control relevant to the association’s preparation and fair
    presentation of the financial report, in order to design audit procedures that are
    appropriate in the circumstances, but not for the purpose of expressing an opinion on the
    effectiveness of the association’s internal control. An audit also includes evaluating the


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