NSW THOROUGHBRED RACING BOARD - Racing NSW
NSW THOROUGHBRED RACING BOARD - Racing NSW
NSW THOROUGHBRED RACING BOARD - Racing NSW
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assessing the appropriateness of the accounting policies and disclosures used and the<br />
reasonableness of significant accounting estimates made by the Members of the Board.<br />
While we considered the effectiveness of management's internal controls over financial reporting<br />
when determining the nature and extent of our procedures, our audit was not designed to provide<br />
assurance on internal controls.<br />
Independence<br />
In conducting our audit, we followed applicable independence requirements of Australian<br />
professional ethical pronouncements.<br />
Audit Opinion<br />
In our opinion, the financial report of the <strong>NSW</strong> Thoroughbred <strong>Racing</strong> Board is in accordance with:<br />
a) the Thoroughbred <strong>Racing</strong> Board Act 1996, including:<br />
i) giving a true and fair view of the TRB's financial position as at 30 June 2003 and of<br />
its performance for the year ended on that date; and<br />
ii)<br />
complying with Accounting Standards in Australia; and<br />
b) other mandatory reporting requirements.<br />
BDO<br />
Chartered Accountants<br />
D P GOMAN<br />
Partner<br />
Signed at Sydney, this the 15 th day of September 2003.
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