2016-11-08 S&O Agenda - Item 3, Attachment 1 - Local Economic Plan

                            INDEPENDENT AUDITOR'S REPORT


To the Mayor of Noosa Shire Council


Report on the Current~Year Financial Sustainability Statement

I have audited the accompanying current-year financial sustainability statement, which is a
special purpose financial report of Noosa Shire Council for the year ended 30 June 2016,
comprising the statement and explanatory notes, and certificates given by the Mayor and Chief
Executive Officer.

The Council's R.esponsibi/ity for the Current-Year Financial Sustainability Statement

The Council is responsible for the preparation and fair presentation of the current-year
financial sustainability statement in accordance with the Local Government Regulation 2012.
The Council's responsibility also includes such internal control as the Council detennines is
necessary to enable the preparation and fair presentation of the statement that is accurately
calculated and is free from material misstatement, whether due to fraud or error.

Auditor's Responsibility

My responsibility is to express an opinion on the current-year financial sustainability statement
based on the audit. The audit was conducted in accordance with the Auditor-General of
Queensland Auditing Standards, which incorporate the Australian Auditing Standards. Those
standards require compliance with relevant ethical requirements relating to audit
engagements and that the audit is planned and performed to obtain reasonable assurance
about whether the statement is free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and
disclosures in the statement. The procedures selected depend on the auditor's judgement,
including the assessment of the risks of material misstatement of the statement, whether due
to fraud or error. In making those risk assessments, the auditor considers internal control
relevant to the Council's preparation and fair presentation of the statement 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 Council's internal control. An audit also
includes evaluating the appropriateness of accounting policies used and the reasonableness
of accounting estimates made by the Council, as well as evaluating the overall presentation
of the statement.

My responsibility is to form an opinion as to Whether the statement has been accurately
calculated based on the Council's general purpose financial report. My responsibility does not
extend to forming an opinion on the appropriateness or relevance of the reported ratios, nor
on the Council's future sustainability.

I believe that the audit evidence obtained is sufficient and appropriate to provide a basis for
my audit opinion.