2023 annual report final WEB - Flipbook - Page 71
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis
for our qualified opinion.
Emphasis of matter – Basis of accounting
We draw attention to Note 2 to the financial report, which describes the basis of accounting. The
financial report has been prepared for the purpose of fulfilling the Group’s financial reporting
responsibilities under the ACNC Act. As a result, the financial report may not be suitable for another
purpose. Our opinion is not modified in respect of this matter.
Responsibilities of the National Executive for the Financial Report
The National Executive of the registered entity are responsible for the preparation of the financial
report that gives a true and fair view and have determined that the basis of preparation described in
Note 2 to the financial report is appropriate to meet the requirements of the ACNC Act. The National
Executive’s responsibility also includes such internal control as the National Executive determine is
necessary to enable the preparation of a financial report that gives a true and fair view and is free
from material misstatement, whether due to fraud or error.
In preparing the financial report, the National Executive are responsible for assessing the Group’s
ability to continue as a going concern, disclosing, as applicable, matters relating to going concern and
using the going concern basis of accounting unless the National Executive either intend to liquidate the
registered entity or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the Financial Report
Our objectives are to obtain reasonable assurance about whether the financial report as a whole is free
from material misstatement, whether due to fraud or error, and to issue an auditor’s report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an
audit conducted in accordance with the Australian Auditing Standards will always detect a material
misstatement when it exists. Misstatements can arise from fraud or error and are considered material
if, individually or in the aggregate, they could reasonably be expected to influence the economic
decisions of users taken on the basis of this financial report.
A further description of our responsibilities for the audit of the financial report is located at the
Auditing and Assurance Standards Board website (http://www.auasb.gov.au/Home.aspx) at:
http://www.auasb.gov.au/auditors_responsibilities/ar3.pdf
This description forms part of our auditor’s report.
BDO Audit Pty Ltd
A J Whyte
Director
Brisbane, 11 June 2024
BDO Audit Pty Ltd ABN 33 134 022 870 is a member of a national association of independent entities which are all members of BDO
Australia Ltd ABN 77 050 110 275, an Australian company limited by guarantee. BDO Audit Pty Ltd and BDO Australia Ltd are members of
BDO International Ltd, a UK company limited by guarantee, and form part of the international BDO network of independent member
firms. Liability limited by a scheme approved under Professional Standards Legislation.
71
