Responsibilities of the Board members
The Board members are responsible for preparing
financial statements and performance information that:
comply with generally accepted accounting
practice in New Zealand;
present fairly the Group’s financial position,
financial performance and cash flows; and
present fairly the Group’s performance.
The Board member’s responsibilities arise from the
Crown Entities Act 2004 and the New Zealand Tourism
Board Act 1991.
The Board members are also responsible for such
internal control as is determined is necessary to
enable the preparation of financial statements and
performance information that are free from material
misstatement, whether due to fraud or error. The Board
members are also responsible for the publication of the
financial statements and the performance information,
whether in printed or electronic form.
Responsibilities of the Auditor
We are responsible for expressing an independent
opinion on the financial statements and the
performance information and reporting that opinion to
you based on our audit. Our responsibility arises from
the Public Audit Act 2001.
When carrying out the audit, we followed the
independence requirements of the Auditor-General,
which incorporate the independence requirements of
the External Reporting Board.
Other than the audit, we have no relationship with or
interests in the Group.
Ernst & Young
On behalf of the Auditor-General
Wellington, New Zealand