2017 STANSW Annual Report 2017 STANSW ANNUAL REPORT AND FINANCIAL REPORT | Page 48

INDEPENDENT AUDIT REPORT TO THE MEMBERS OF THE SCIENCE TEACHERS’ ASSOCIATION OF NEW SOUTH WALES INC. Scope We have audited the financial report, being a special purpose financial report, of The Science Teachers’ Association of New South Wales Inc. for the year ended 31 December, 2017. The Committee is responsible for the financial report and has determined that the accounting policies used and described in Note 1 to the financial statements which form part of the financial report are appropriate to meet the requirements of the Associations Incorporations Act NSW and are appropriate to meet the needs of the members. We have conducted an independent audit of this financial report in order to express an opinion on it to the members of The Science Teachers’ Association of New South Wales Inc. No opinion is expressed as to whether the accounting policies used are appropriate to the needs of the members. The financial report has been prepared for the purpose of fulfilling the requirements of the Associations Incorporation Act NSW. We disclaim any assumption of responsibility for any reliance on this report or on the financial report to which it relates to any person other than the members, or for any purpose other than that for which it was prepared. Our audit has been conducted in accordance with Australian Auditing Standards. Our procedures included examination, on a test basis, of evidence supporting the amounts and other disclosures in the financial report and the evaluation of significant accounting estimates. These procedures have been undertaken to form an opinion whether, in all material respects, the financial report is presented fairly in accordance with the accounting policies described in Note 1 so as to present a view which is consistent with our understanding of the Association’s financial position, and performance as represented by the results of its operations and its cash flows. These policies do not require the application of all Accounting Standards and other mandatory professional reporting requirement in Australia. The audit opinion expressed in this report has been formed on the above basis. 1/2