Resurrect project and exhibition Artists - Community Arts Network ...

INDEPENDENT AUDIT REPORT – TO THE MEMBERS OF
COMMUNITY ARTS NETWORK WESTERN AUSTRALIA LTD
SCOPE
We have audited the special purpose financial report of Community Arts Network
Western Australia Ltd (“the Company”) for the financial year ended 31 December
2008 consisting of the profit & loss statement, the balance sheet, accompanying
notes and the directors’ declaration. The Company’s directors are responsible
for the financial report. We have conducted an independent audit of the financial
report in order to express an opinion on it to the members of Company.
Our audit has been conducted in accordance with Australian Auditing
Standards to provide reasonable assurance whether the financial report is
free of material misstatement. Our procedures included examination, on a test
basis, of evidence supporting the amount and other disclosures in the financial
report and the evaluation of accounting policies and significant account
estimates. These procedures have been undertaken to form an opinion
whether, in all material respects, the financial report is presented fairly in
accordance with Accounting Standards and other mandatory professional
reporting requirements and relevant statutory and other requirements, so as to
present a view which is consistent with our understanding of the Company’s
financial position, the results of its operations and its cash flows.
INDEPENDENCE
Anderson Munro & Wyllie are independent of Community Arts Network
Western Australia Ltd, and have met the independence requirements of
Australian professional ethical pronouncements.
The audit opinion expressed in this report has been formed on the above basis.
AUDIT OPINION
In our opinion the financial report of Community Arts Network Western
Australia Ltd is in accordance with:
(a) The Corporations Act 2001, including:
(i) giving a true and fair view of the company’s financial position as at
31 December 2008 and its performance for the period ended on the
date; and
(ii) complying with Accounting Standards in Australia and the
Corporations Regulations:
(b) Other mandatory professional reporting requirements in Australia.
Dated this 30th day of March 2009
AMW (AUDIT) PTY LTD
ANDERSON MUNRO & WYLLIE
Chartered Accountants
Registered Company Auditor
CHRISTOPHER MCLAUGHLIN
Director
2008 ANNUAL REPORT | 71