Auditor’ s Independence Declaration In conducting our audit, we have complied with the independence requirements of the Corporations Act 2001.
Basis for Qualified Auditor’ s Opinion
Donations and fundraising revenue are a source of revenue for KU Children’ s Services. KU Children’ s Services has determined that it is impracticable to establish control over the collection of donations and fundraising revenue prior to entry into its financial records. Accordingly, as the evidence available to us regarding revenue from these sources was limited, our audit procedures with respect to donations and fundraising revenue had to be restricted to the amounts recorded in the financial records. We therefore are unable to express an opinion whether donations and fundraising revenue that KU Children’ s Services obtained are complete.
Qualified Auditor’ s Opinion
In our opinion, except for the effects of such adjustments, if any, as might have been determined to be necessary had we been able to satisfy ourselves as to the completeness of the donations and fundraising revenue:
( a) the financial report of KU Children’ s Services is in accordance with the Corporations Act 2001, including:
( i) giving a true and fair view of the company’ s financial position as at 31 December 2007 and of its performance for the year ended on that date; and
( ii) c o m p l y i n g w i t h Australian Accounting Standards( including the Australian Accounting Interpretations) and the Corporations Regulations 2001;
( b) the financial report agrees to the underlying financial records of KU Children’ s Services, that have been maintained, in all material respects, in accordance with the Charitable Fundraising Act 1991 and its regulations for the year ended 31 December 2007; and
( c) monies received by KU Children’ s Services, as a result of fundraising appeals conducted during the year ended 31 December 2007, have been accounted for and applied, in all material respects, in accordance w i t h t h e C h a r i t a b l e Fundraising Act 1991 and its regulations.
DELOITTE TOUCHE TOHMATSU
James Winter Partner
Chartered Accountants
Sydney, 17 April 2008
KU’ s 112 th Annual Report 2007 19