siast 2006-2007 annual report - Saskatchewan Institute of Applied ...

Cal Nikiforoff, an instructor in the
Professional Cooking program at SIAST Kelsey
Campus, won a scholarship from the Canadian
College and University Food Service
Association to attend the 13th Annual Chef’s
Conference in Amherst, Massachusetts.
North Ridge Development Corporation
received the 2007 Job Creation Award at the
North Saskatoon Business Association
Business Builder Awards banquet. The award,
sponsored by SIAST, recognizes a NSBA
member for criteria related to job creation.
AUDITORS’ REPORT
AUDITORS’ REPORT TO THE BOARD OF DIRECTORS OF
SASKATCHEWAN INSTITUTE OF APPLIED SCIENCE
AND TECHNOLOGY
TO THE MEMBERS OF THE LEGISLATIVE ASSEMBLY
We have audited the consolidated statement of
financial position of Saskatchewan Institute of
Applied Science and Technology (“SIAST”) as at June
30, 2007 and the consolidated statements of
operations, changes in net assets and of cash flows
for the year then ended. SIAST is responsible for
preparing these financial statements for Treasury
Board’s approval. Our responsibility is to express an
opinion on these financial statements based on our
audit.
We conducted our audit in accordance with Canadian
generally accepted auditing standards. Those
standards require that we plan and perform an audit
to obtain reasonable assurance whether the financial
statements are free of material misstatement. An
audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the
financial statements. An audit also includes assessing
the accounting principles used and significant
estimates made by management, as well as evaluating
the overall financial statement presentation.
Aleatha Schoonover (pictured), program
head, Medical Diagnostics programs at SIAST
Kelsey Campus, won a SIAST Outstanding
Service Award.
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In our opinion, these consolidated financial
statements present fairly, in all material respects, the
financial position of SIAST as at June 30, 2007 and
the results of its operations and its cash flows for the
year then ended in accordance with Canadian
generally accepted accounting principles.
Deloitte & Touche LLP G. Fred Wendel
Chartered Accountants Provincial Auditor
Saskatoon, Saskatchewan Regina, Saskatchewan
August 3, 2007 August 3, 2007