AUDIT REPORT ON THE FINANCIAL STATEMENTS for the year ended 30 June 2013 (continued)
pspf for peace of mind
To: Mr. George D. Yambesi Chairman to the Board of Trustees Public Service Pensions Fund 13th Floor, Golden Jubilee Towers, Front Tower Ohio Street, 11101 Kivukoni P.O. Box 4843 Dar es Salaam REPORT OF THE CONTROLLER AND AUDITOR GENERAL ON THE FINANCIAL STATEMENTS OF PUBLIC SERVICE PENSIONS FUND FOR THE YEAR ENDED 30 June 2013 I have audited the accompanying financial statements of the Public Service Pensions Fund(PSPF) which comprise the statement of net assets value available for benefits as at 30 June2013,statement of changes in net assetsvalue available for benefits, and statement of cash flows for the year then ended, and a summary of significant accounting policies and other explanatory notes set out from pages 37to 81of the report. Trustees’ Responsibility for the financial statement The Trustees are responsible for the preparation and fair presentation of the financial statements in accordance with InternationalFinancial Reporting Standards and the requirements of Public Service Retirement Benefits Act No. 2 of 1999 and for such internal controls as Trustees determine are necessary to enable the preparation of the financial statements that are free from material misstatements, whether due to fraud or error. Responsibilities of the Controller and Auditor General My responsibility as an auditor is to express an independent opinion on the financial statements based on the audit. The audit conducted in accordance with International Standards on Auditing, International Standardsof Supreme Audit Institutions and such other audit procedures I considered necessary in the circumstances. These standards require that I comply with ethical requirements and plan and perform the audit to obtain reasonable assurance whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making the risk assessments, I considered the internal control relevant to the Fund’s preparation and fair presentation of the financial statements 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 Fund’s internal control.
PSPF annual REPORT FOR THE YEAR ENDED 30Th JUNE 2013
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