Independent Auditor’s Report
To the readers of Te Wānanga o Aotearoa Te Kuratini o Ngā Waka and group’s financial statements and
non-financial performance information for the year ended 31 December 2013
The Auditor-General is the auditor of Te Wānanga o Aotearoa Te Kuratini o Ngā Waka (the Wānanga) and group.
The Auditor-General has appointed me, B H Halford, using the staff and resources of Audit New Zealand, to
carry out the audit of the financial statements and non-financial performance information of the Wānanga
and group on her behalf.
We have audited:
• the financial statements of the Wānanga and group on pages 48 to 86, that comprise the statement of
financial position as at 31 December 2013, the statement of comprehensive income, statement of changes
in equity and statement of cash flows for the year ended on that date and the notes to the financial
statements that include accounting policies and other explanatory information; and
• the non-financial performance information of the Wānanga and group on pages 22 to 38 that comprises the
statement of service performance, and which includes outcomes.
Opinion
In our opinion:
• the financial statements of the Wānanga and group on pages 48 to 86:
-- comply with generally accepted accounting practice in New Zealand; and
-- fairly reflect the Wānanga and group’s:
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financial position as at 31 December 2013; and
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financial performance and cash flows for the year ended on that date;
• the non-financial performance information of the Wānanga and group on pages 22 to 38 fairly reflects
the Wānanga and group’s service performance achievements measured against the performance targets
adopted in the investment plan for the year ended 31 December 2013.
Our audit was completed on 30 April 2014. This is the date at which our opinion is expressed.
The basis of our opinion is explained below. In addition, we outline the responsibilities of the Council and our
responsibilities, and we explain our independence.
Basis of opinion
We carried out our audit in accordance with the Auditor-General’s Auditing Standards, which incorporate
the International Standards on Auditing (New Zealand). Those standards require that we comply with ethical
requirements and plan and carry out our audit to obtain reasonable assurance about whether the financial
statements and non-financial performance information are free from material misstatement.
Material misstatements are differences or omissions of amounts and disclosures that, in our judgement, are
likely to influence readers’ overall understanding of the financial statements and non-financial performance
information. If we had found material misstatements that were not corrected, we would have referred to them
in our opinion.
An audit involves carrying out procedures to obtain audit evidence about the amounts and disclosures in
the financial statements and non-financial performance information. The procedures selected depend on
our judgement, including our assessment of risks of material misstatement of the financial statements and
non-financial performance information, whether due to fraud or error. In making those risk assessments,
we consider internal control relevant to the Wānanga and group’s preparation of the financial statements
and non-financial performance information that fairly reflect the matters to which they relate. We consider
internal control in order to design audit procedures that are appropriate in the circumstances but not for the
purpose of expressing an opinion on the effectiveness of the Wānanga and group’s internal control.
46 TE PŪRONGO 2013
