2018-05-22 Special Meeting Agenda

SPECIAL MEETING REPORT   22 MAY 2018




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SPECIAL MEETING REPORT                                                                     22 MAY 2018

        /). Crowe Horwath.
                         PART OF  FINDEX

        Appendix 2 — Basis and Use of this Letter
        We were engaged by Noosa Council (the client) to provide Probity Advisory Services and the scope of our

       This letter has been prepared in accordance with the objectives and approach agreed in the Proposal Letter
       dated 12 March 2018 and subject to the following limitations:
        © This letter provides limited assurance which recognises that absolute assurance is rarely attainable, due
          to such factors as the use of judgment in gathering and evaluating evidence and forming conclusions, and
          the use of selective testing, and because much of the evidence available for review is persuasive rather
          than conclusive in nature;
        « Because of the inherent limitations of any internal control structure, it is possible that errors or irregularities
          may occur and not be detected. Our procedures were not designed to detect all weaknesses in contro!
          procedures as they were not performed continuously throughout a specified period and any tests
           performed were on a sample basis;
        « Any projection of the evaluation of the control procedures to future periods is subject to the risk that the
          systems may become inadequate because of changes in conditions, or that the degree of compliance with
          them may deteriorate;
        « The matters raised in this letter are only those which came to our attention during the course of performing
          our procedures and are not necessarily a comprehensive statement of all the weaknesses that exist or
           improvements that might need to be made. We cannot, in practice, examine every activity and procedure,
          nor can we be a substitute for management's responsibility to maintain adequate controls over all levels
          of operations and their responsibility to prevent and detect irmegularities, including fraud. Accordingly.
          Management should not rely on our letter to identify all weaknesses that may exist in the systems and
           procedures under examination, or potential instances of non-compliance that may exist;
        «  We believe thatthe statements made in this letter are accurate, but no warranty of completeness, accuracy
          or reliability is given in relation to statements and representations made by, and the information and
          documentation provided by, the client Management and personnel. We have indicated within this letter
          the sources of the information provided. We have not sought to independently verify those sources unless
          otherwise noted within the letter. We are under no obligation in any circumstance to update this letter, in
          either oral or written form, for events occurring after the letter has been issued in final form unless
          specifically agreed with the client. The internal audit findings expressed in this letter have been formed on
          the above basis;
        « Recommendations for improvement should be checked by Management for their full commercial impact,
          before they are implemented;
        « This letter is not to be used by any other party for any purpose nor should any other party seek to rely on
          the opinions, advice or any information contained within this letter. In this regard, we recommend that
          panies seek their own independent advice. Crowe Horwath disclaims all liability to any party other than
          the client for which it was prepared in respect of or in consequence of anything done, or omitted to be
          done, by any party in reliance, whether whole or partial, upon any information contained in this letter. Any
          party, other than the client for which it was prepared, who chooses to rely in any way on the contents of
          this letter, does it so at their own risk; and
        * The information in this Letter and in any related oral presentation made by Crowe Horwath is confidential
          between Crowe Horwath and the client for which it was prepared and should not be disclosed, used or
           duplicated in whole or in part for any purpose except with the prior wntten consent of Crowe Horwath. An
          electronic copy or print of this document is an UNCONTROLLED COPY

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