Annual Report 2023-24

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Noosa Council Annual Report 23/24         Financial Performance
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e Queensland ® Queensland @e@ Audit Office @e@ Audit Office Better public services Better public services INDEPENDENT AUDITOR'S REPORT My opinion on the current year financial sustainability statement does not cover the other information and accordingly | do not express any form of assurance conclusion thereon However, as required by the Local Government Regulation 2012, | have formed a separate lo the Councillors of Noosa Shire Council opinion on the general-purpose financial report. Report on the Current-Year Financial Sustainability Statement In connection with my audit of the financial sustainability statement, my responsibility is to read the other information and, in doing so, consider whether the other information is Opinion materially inconsistent with the financial sustainability statement and my knowledge obtained | have audited the current year financial sustainability statement audited ratios of Noosa Shire Council for the year ended 30 June 2024, compnsing the statement, in the audit or otherwise appears to be matenally misstated. If, based on the work | have performed, | conclude that there is a matenal misstatement of explanatory notes, and the certificate of accuracy given by the Mayor and the Chief this information, | am required to report that fact. | have nothing to report in this regard. Frecutive Officer In accordance with s.212 of the Local Government Regulation 2012, in my opinion, in all Responsibilities of the councillors for the current year financial sustainability material respects, ee for the year ended 30 June 2024 has been accurately The councillors are responsible for the preparation and fair presentation of the current year Basis of opinion financial sustainability statement in accordance with the Local Government Regulation 2012. The councillors responsibility also includes such internal control as the councillors determine | conducted my audit in accordance with the Auditor General Auditing Standards, which is necessary to enable the preparation and fair presentation of the statement that is incorporate the Australian Auditing Standards. My responsibilities under those standards are accurately calculated and ts tree from matenal misstatement. whether due to fraud or error. further described in the Auditor's responsibilities for the audit of the current year financial Auditor's responsibilities for the audit of the current year financial sustainability Sustainability statement section of my report. statement | am independent of the council in accordance with the ethical requirements of the Professional and Ethical Standards Board APES 110 Code of Ethics for My objectives arc to obtain reasonable assurance about whether the current ycar financial sustainability statement as a whole is free from material misstatement, whether due to fraud 266 Professional Accountants (the Code) that are relevant to my audit of the statement in or error, and to issue an auditor's report that includes my opinion. Reasonable assurance is 267 Australia. | have also fulfilled my other ethical responsibilities in accordance with the Code a high level of assurance, bul is not a guarantee thal an audit conducted in accordance with and the Audilor-General Audiling Slandards the Australian Auditing Standards will always detect a maternal misstatement when it exists | believe that the audit evidence | have obtained is sufficient and appropriate to provide a Misstatements can arise from fraud or error and are considered matenal if, individually or in basis for my opinion. the aggregate, they could reasonably be expected to influence the economic decisions of Emphasis of matter — basis of accounting users taken on the basis of this statement. | draw attention to Note 1 which describes the basis of accounting. The current year financial My responsibility docs not extend to forming an opinion on the appropriateness or relevance statement has been prepared in accordance with the Finanaal Management of the reported ratios, nor on the council's future sustainability. (Sustainability) Guideline 2024 for the purpose of fulfilling the council's reporting As part of an audit in accordance with the Australian Auditing Standards, | exercise responsibilities under the Local Goverment Regulation 2012. As a result, the statement professional judgement and maintain professional scepticism throughout the audit. | also: may not be suitable for another purpose. My opinion is not modified in respect of this matter. * Identify and assess the nsks of maternal misstatement of the statement, whether due to Other Information fraud of error, design and perform audil procedures responsive to those risks, and The councillors are responsible for the other information. obtain audit evidence that is sufficient and appropnate to provide a hasis for my The other information opinion. The risk of not detecting a material misstatement resulting from fraud is higher the information included in the entity's annual report for the than for one resulting from error, as fraud may involve collusion, forgery, intenbonal year ended 30 June 2024, but does not include the financial sustainability statement and our omissions, misrepresentations, or the overnde of internal control. auditor's report thereon. Obtain an understanding of internal control relevant to the audit in order to design audit At the date of this auditor's report, the available other information in Noosa Shire Council's procedures that are appropriate in the circumstances, but not for the purpose of annual report for the year ended 30 June 2024 was the general-purpose financial expressing an opinion on the effectiveness of the council's internal control statements, current year financial statement - contextual ratios (unaudited), and the unaudited long term financial sustainability statement. Evaluate the appropriateness of maternal accounting policy information used and the reasonableness of accounting estimates and related disclosures made by the council oe LV