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Inspiring Lives Beyond Services
INDEPENDENT AUDITOR ’ S REPORT TO THE MEMBERS OF PRESBYTERIAN COMMUNITY SERVICES ( UEN : S75SS0022H )
Report on the Financial Statements
We have audited the accompanying financial statements of PRESBYTERIAN COMMUNITY SERVICES ( the “ Society ”), which comprise the statement of financial position as at 31 March 2016 , and the statement of financial activities and statement of cash flows for the year then ended , and a summary of significant accounting policies and other explanatory information . Management ’ s Responsibility for the Financial Statements
The Society ’ s management is responsible for the preparation of financial statements that give a true and fair view in accordance with the provisions of the Singapore Charities Act , ( Chapter 37 ) ( the “ Charities Act ”), the Societies Act and the Charities Accounting Standards , and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement , whether due to fraud or error . Auditor ’ s Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit . We conducted our audit in accordance with the Singapore Standards on Auditing . Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about 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 those risk assessments , the auditor considers internal control relevant to the entity ’ s preparation of financial statements that give a true and fair view 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 entity ’ s internal control . An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management , as well as evaluating the overall presentation of the financial statements .
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion .