INDEPENDENT AUDIT REPORT TO TH OF THE AUSTRALIAN LUTHERAN WORL
INDEPENDENT AUDIT REPORT TO THE BOARD OF THE AUSTRALIAN LUTHERAN WORLD SERVICE FOR THE YEAR ENDED 31INDEPENDENT DECEMBER AUDIT 2020 REPORT Auditor’s Responsibilities for the Audit of the Financial Rep TO THE BOARD
OF THE AUSTRALIAN LUTHERAN WORLD SERVICE Our objectives are to obtain reasonable assurance about whethe free from material misstatement, whether due to fraud or error, a Auditor’s Responsibilities for the Audit of the Financial Report includes our opinion. Reasonable assurance is a high level of ass an audit conducted in accordance with the Australian Auditin material misstatement when exists. Misstatements can ar Our objectives are to obtain reasonable assurance about whether the financial reportit as a whole is material individually or in that the aggregate, they free from material misstatement, whether due to fraudconsidered or error, and to issueif,an auditor’s report the economic decisions of usersthat taken on the basis of includes our opinion. Reasonable assurance is a highinfluence level of assurance but is not a guarantee an audit conducted in accordance with the Australian Auditing Standards will always detect a As part an audit accordance Auditing Sta material misstatement when it exists. Misstatements can ofarise from infraud or errorwith andAustralian are judgement and maintain professional scepticism considered material if, individually or in the aggregate, they could reasonably be expected to throughout the influence the economic decisions of users taken on the basis of the financial report. • Identify and assess the risks of material misstatement o As part of an audit in accordance with Australian Auditing to Standards, we exercise professional fraud or error, design and perform audit procedures re judgement and maintain professional scepticism throughout the audit. We also: audit evidence that is sufficient and appropriate to provid of not detecting a material misstatement resulting from fr from as report, fraudwhether may due involve collusion, • Identify and assess the risks of material misstatement of theerror, financial the override of internal control. to fraud or error, design and perform audit proceduresmisrepresentations, responsive to thoseor risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting•from fraud is than for one resultingcontrol relevant to Obtain anhigher understanding of internal from error, as fraud may involve collusion,procedures forgery, that intentional omissions, are appropriate in the circumstances, bu misrepresentations, or the override of internal control.an opinion on the effectiveness of the registered entity’s •
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Obtain an understanding of internal control relevant to the audit order to designofaudit • Evaluate the inappropriateness accounting policies procedures that are appropriate in the circumstances,accounting but not for estimates the purpose of related expressing and disclosures made by r an opinion on the effectiveness of the registered entity’s internal control. • Conclude on the appropriateness of responsible entities Evaluate the appropriateness of accounting policies used andand, the based reasonableness of evidence obtaine accounting on the audit accounting estimates and related disclosures made by responsible exists related entities. to events or conditions that may cast s entity’s ability to continue as a going concern. If we co exists, to drawbasis attention Conclude on the appropriateness of responsible entities’ usewe of are the required going concern of in our auditor’s the financial or, if uncertainty such disclosures are inadeq accounting and, based on the audit evidence obtained, whetherreport a material based audit evidence obtained up exists related to events or conditions that may castconclusions significant are doubt on on thethe registered or uncertainty conditions may cause the reg entity’s ability to continue as a going concern. If weHowever, conclude future that aevents material exists, we are required to draw attention in our auditor’s the related disclosures in as areport goingtoconcern. the financial report or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to thethe date of ourpresentation, auditor’s report. • Evaluate overall structure and content o However, future events or conditions may cause the disclosures, registered entity cease to and to whether thecontinue financial report represent as a going concern. events in a manner that achieves fair presentation.
Wecontent communicate with those charged with governance regarding Evaluate the overall presentation, structure and of the financial report, including the scope and timing of transactions the audit andand significant audit findin disclosures, and whether the financial reportplanned represents the underlying deficiencies in internal control that we identify during our audit. events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, other matters, the MRL GROUPamong PTY LTD Accountants planned scope and timing of the audit and significantChartered audit findings, including any significant deficiencies in internal control that we identify during our audit. MRL GROUP PTY LTD Chartered Accountants
Mark LeCornu Registered Company Auditor Adelaide, 26th day of March 2021 Mark LeCornu Registered Company Auditor Adelaide, 26th day of March 2021 Contact details – MRL Group Pty Ltd PO Box 83, Kent Town SA 5071 Phone: 08 8364 3522
Contact details – MRL Group Pty Ltd PO Box 83, Kent Town SA 5071 Phone: 08 8364 3522 6 AUSTRALIAN LUTHERAN WORLD SERVICE 2020 ANNUAL REPORT
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