REPORT
OF THE DIRECTOR OF AUDIT TO THE
LEGISLATIVE COUNCIL
I have audited the attached financial statements which have
been prepared in accordance with accounting principles generally
accepted in Hong Kong.
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RESPECTIVE RESPONSIBILITIES
OF THE GENERAL MANAGER, ELECTRICAL AND
MECHANICAL SERVICES TRADING FUND AND THE DIRECTOR OF AUDIT
Under section 7(4) of the Trading Funds Ordinance (Cap. 430),
the General Manager, Electrical and Mechanical Services Trading Fund
is responsible for the submission of financial statements prepared
in accordance with generally accepted accounting principles and signed
by him to me. In preparing the financial statements, the General Manager,
Electrical and Mechanical Services Trading Fund has to select appropriate
accounting policies and to apply them consistently.
It is my responsibility to form an independent opinion, based
on my audit, on those statements and to report my opinion to you.
BASIS OF OPINION
I certify that I have examined and audited the financial statements
referred to above in accordance with section
7(5) of the Trading Funds Ordinance and the Audit Commission
auditing standards. An audit includes examination, on a test
basis, of evidence relevant to the amounts and disclosures in
the financial statements. It also includes an assessment of
the significant estimates and judgements made by the General
Manager, Electrical and Mechanical Services Trading Fund in
the preparation of the financial statements, and of whether
the accounting policies are appropriate to the Electrical and
Mechanical Services Trading Fund's circumstances, consistently
applied and adequately disclosed.
I planned and performed my audit so as to obtain all the information
and explanations which I considered necessary in order to provide
me with sufficient evidence to give reasonable assurance as
to whether the financial statements are free from material misstatement.
In forming my opinion I also evaluated the overall adequacy
of the presentation of information in the financial statements.
I believe that my audit provides a reasonable basis for my opinion.
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OPINION
In my opinion the financial statements give a true and fair
view of the state of affairs of the Electrical and
Mechanical Services Trading Fund as at 31 March 2001 and of
the results of its operations and cash flows for the year then
ended and have been properly prepared in accordance with the
manner provided in section 7(4) of the Trading Funds Ordinance.
(WONG Kau-on, Peter)
Assistant Director of Audit
for Director of Audit
Audit Commission
Hong Kong
18 September 2001 |
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