SAAS Annual Report and Accounts 2013-2014 - page 32

0127
Opinion on financial statements
In my opinion the financial statements:
give a true and fair view in accordance with the Public Finance and Accountability (Scotland) Act 2000
and directions made thereunder by the Scottish Ministers of the state of the body’s affairs as at
31 March 2014 and of its net operating cost for the year then ended;
have been properly prepared in accordance with IFRSs as adopted by the European Union, as
interpreted and adapted by the 2013/14 FReM; and
have been prepared in accordance with the requirements of the Public Finance and Accountability
(Scotland) Act 2000 and directions made thereunder by the Scottish Ministers.
Opinion on regularity
In my opinion in all material respects:
the expenditure and income in the financial statements were incurred or applied in accordance with
any applicable enactments and guidance issued by the Scottish Ministers, the Budget (Scotland) Act
covering the financial year and sections 4 to 7 of the Public Finance and Accountability (Scotland) Act
2000; and
the sums paid out of the Scottish Consolidated Fund for the purpose of meeting the expenditure shown
in the financial statements were applied in accordance with section 65 of the Scotland Act 1998.
Opinion on other prescribed matters
In my opinion:
the part of the Remuneration Report to be audited has been properly prepared in accordance with the
Public Finance and Accountability (Scotland) Act 2000 and directions made thereunder by the Scottish
Ministers; and
the information given in the Management Commentary for the financial year for which the financial
statements are prepared is consistent with the financial statements.
Matters on which I am required to report by exception
I am required to report to you if, in my opinion:
adequate accounting records have not been kept; or
the financial statements and the part of the Remuneration Report to be audited are not in agreement
with the accounting records; or
I have not received all the information and explanations I require for my audit; or
the Governance Statement does not comply with guidance from the Scottish Ministers.
I have nothing to report in respect of these matters.
Mark Ferris
Audit Scotland
18 George Street
Edinburgh
EH2 2QU
27 June 2014
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