Annual Report 2023-24

260
                                    261




Noosa Council Annual Report 23/24         Financial Performance

a Queensland °° 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 thercon. However, as required by the Local Government Regulation 2012, | have formed a separate opinion on the current year financial To the Councillors of Noosa Shire Council 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 matenally Opinion inconsistent with the financial report and my knowledge obtained in the audit or otherwise appears to be matenally | have audited the financial report of Noosa Shire Council. If, based on the work | have performed, | conclude that there is a material misstatement of The financial report comprises the statement of financial position as at 30 June 2024, the this information, | am required to report that fact. | have nothing to report in this regard. statement of comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, notes to the financial statements including matenal 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 truc In my opinion, the financial report: and fair view in accordance with the Local Government Act 2009. the Local Government a) gives a true and fair view of the council's financial position as at 30 June 2024, and of its Regulation 2012 and Australian Accounting Standards, and for such intemal control as the 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 Govemment Regulation 2012 and The councillors are also responsible for assessing the council's ability to continue as a going Accounting concem, disclosing, as applicable, matters relating to going concer and using the going Basis for opinion concem basis of accounting unless it is intended to abolish the council or to otherwise cease 260 | conducted my audit in accordance with the Auditor-General Auditing Standards, which operations of the council 261 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 My objectives are to obtain reasonable assurance about whether the financial report as a 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 the basis of this financial report. | believe that the audit evidence | have obtained is sufficient and appropriate to provide a basis for my opinion. A further description of my responsibilities for the audit of the financial report ts located at the Other information Auditing and Assurance Standards Board website at: The councillors are responsible for the other information h S/www.auasb v.au/auditors res sibilities/ar4 f This descnption forms part of my auditor's report. The other information comprises the information included in the entity's annual report for the year ended 30 June 2024, 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 2024 At the date of this auditor's report, the available other information in Noosa Shire Council's annual report for the year ended 30 June 2024 was the current ycar financial sustainability a) | received all the information and explanations | required statement audited ratios, current year financial sustainability statement contextual ratios b) | consider that, the prescribed requirements in relation to the establishment and keeping of accounts were comphed with in all matenal respects. (unaudited) and unaudited long term financial sustainability statement. LV oe