We did not examine every transaction nor do we guarantee complete accuracy of the
financial statements. We have obtained all the information and explanations we have
required and we believe we have obtained sufficient and appropriate audit evidence to
provide a basis for our audit opinion.
Responsibilities of the Authority
The Authority is responsible for preparing financial statements that:
. comply with generally accepted accounting practice in New Zealand; and
. fairly reflect the Authority’s financial position, financial performance and cash flows.
The Authority is also responsible for such internal control as it determined is necessary to
enable the preparation of financial statements that are free from material misstatement,
whether due to fraud or error.
The Authority’s responsibilities arise from the Waikato-Tainui Raupatu Claims (Waikato
River) Settlement Act 2010 and Ngati Tuwharetoa, Raukawa and Te Arawa River Iwi Waikato
River Act 2010.
Responsibilities of the Auditor
We are responsible for expressing an independent opinion on the financial statements and
reporting that opinion to you based on our audit. Our responsibility arises from section 15
of the Public Audit Act 2001, the Waikato-Tainui Raupatu Claims (Waikato River) Settlement
Act 2010 and the Ngati Tuwharetoa, Raukawa and Te Arawa River Iwi Waikato River Act
2010.
Independence
When carrying out the audit, we followed the independence requirements of the Auditor-
General, which incorporate the independence requirements of the New Zealand Institute of
Chartered Accountants.
Other than the audit, we have no relationship with or interests in the Authority.
B H Halford
Audit New Zealand
On behalf of the Auditor-General
Tauranga, New Zealand
Matters relating to the electronic presentation of the audited financial statements and the other requirements
This audit report relates to the financial statements and the other requirements of Waikato River Authority for
the year ended 30 June 2012 included on Waikato River Authority’s website. The Board is responsible for the
maintenance and integrity of Waikato River Authority’s website. We have not been engaged to report on the integrity
of Waikato River Authority’s website. We accept no responsibility for any changes that may have occurred to the
financial statements and the other requirements since they were initially presented on the website.
The audit report refers only to the financial statements and the other requirements named above. It does not
provide an opinion on any other information which may have been hyperlinked to or from the financial statements
and the other requirements. If readers of this report are concerned with the inherent risks arising from electronic
data communication they should refer to the published hard copy of the audited financial statements and the other
requirements as well as the related audit report dated 23 August 2012 to confirm the information included in the
audited financial statements and the other requirements presented on this website.
Legislation in New Zealand governing the preparation and dissemination of financial information may differ from
legislation in other jurisdictions.
Waikato River Authority Annual Report
2012
13