Annual Report 22-23 Website v4 - Flipbook - Page 41
SYNCHRO WA INCORPORATED
SYNCHROWA
ABN 42 329 590 466
Independent Auditor's Report to the Members
Report on the Audit of the Financial Report
Opinion
We have audited the financial report of SYNCHRO WA INCORPORATED (the association), which comprises the
statement of financial position as at 30 June 2023, the statement of profit or loss and other comprehensive
income, statement of changes in equity and statement of cash flows for the year then
ended, and notes to the financial statements, including a summary of significant accounting policies, and
the certification by members of the committee on the annual statements giving a true and fair view of the
financial position and performance of the association.
In our opinion, the accompanying financial report of SYNCHRO WA INCORPORATED is in accordance with
the Associations Incorporation Act 2015 including:
(a)
giving a true and fair view of the association's financial position as at 30 June 2023 and of
its performance for the year then ended; and
(b)
that the financial records kept by the association are such as to enable financial
statements to be prepared in accordance with Australian Accounting Standards.
Basis for Opinion
We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those
standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Report section of
our report. We are independent of the association in accordance with the ethical requirements
of the Accounting Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional
Accountants (the Code) that are relevant to our audit of the financial report in Australia. We have also
fulfilled our ethical responsibilities in accordance with the Code.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
opinion.
Information Other than the Financial Report and Auditor’s
Report Thereon
The committee of the association is responsible for the other information. The other information comprises the
information included in the association’s annual report for the year ended 30 June 2023, but does not include
the financial report and our auditor’s report thereon. Our opinion on the financial
report does not cover the other information and accordingly we do not express any form of assurance
conclusion thereon. In connection with our audit of the financial report, our responsibility is to read the
other information and, in doing so, consider whether the other information is materially inconsistent with
the financial report or our knowledge obtained in the audit or otherwise appears to be materially
misstated. If, based on the work we have performed, we conclude that there is a material misstatement of
this other information, we are required to report that fact. We have nothing to report in this regard.
Responsibilities of the Committee for the Financial Report
The committee of the association is responsible for the preparation of the financial report that gives a true
and fair view in accordance with Australian Accounting Standards and Western Australia under the
Associations Incorporation Act 2015 and for such internal control as the committee determines is
necessary to enable the preparation of the financial report that gives a true and fair view and is free from
material misstatement, whether due to fraud or error.
In preparing the financial report, the committee is responsible for assessing the association’s ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the
going concern basis of accounting unless the committee either intends to liquidate the association or to
cease operations, or has no realistic alternative but to do so.
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