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AUDITOR'S REPORT
Royal Agricultural Society of Western Australia
Independent auditor’s report to members of the Royal
Agricultural Society of Western Australia
Report on the Audit of the Financial Statements
Opinion
We have audited the financial report of Royal Agricultural Society of Western Australia (the
Society), which comprises the statement of financial position as at 31 March 2022, the
statement of comprehensive income, statement of changes in equity and statement of
cash flows for the year then ended, and notes to the financial statements, including a
summary of significant accounting policies, and the Council’s declaration.
In our opinion the financial report of Royal Agricultural Society of Western Australia has
been prepared in accordance with Division 60 of the Australian Charities and Not-forprofits Commission Act 2012, including:
a) giving a true and fair view of the Society’s financial position as at 31 March 2022 and
of its financial performance for the year then ended; and
b) complying with Australian Accounting Standards to the extent described in Note 2, and
Division 60 of the Australian Charities and Not-for-profits Commission Regulation
2013.
Basis for Opinion
We conducted our audit in accordance with Australian Auditing Standards. Our
responsibilities under those standards are further described in the Auditor’s
Responsibilities for the Audit of the Financial Report section of our report. We are
independent of the Society in accordance with the auditor independence requirements of
the Australian Charities and Not-for-profits Commission Act 2012 (ACNC Act) and the
ethical requirements of the Accounting Professional and Ethical Standards Board’s APES
110 Code of Ethics for Professional Accountants (including Independence Standards) (the
Code) that are relevant to our audit of the financial report in Australia. We have also
fulfilled our other ethical responsibilities in accordance with the Code.
We believe that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our 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
Society’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.
R A S WA A N N U A L R E P O R T 2 0 2 2
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