I have audited the Statement of Assets and Liabilities of the Commonwealth of Dominica – Consolidated Fund and other related statements of accounts for the year ended June 30th 2011, as presented by the Accountant General.
By Section 17 of the Financial (Administration) Act # 4 of 1994, the Accountant General is responsible and authorized to prepare and present the financial statements of the Commonwealth of Dominica – Consolidated Fund.
My responsibility as Director of Audit is to express an opinion on those financial statements based on my audit in accordance with the provisions of Section 83(2) of the Constitution of the Commonwealth of Dominica and the Audit Act # 5 of 1994.
I conducted the audit in accordance with generally accepted auditing standards along with guidelines established by INTOSAI on government's audits, which require that I plan and perform the audit to obtain reasonable assurances as to whether the financial statements are free from material misstatements.
The audit procedures included examination on a test basis, of evidence supporting the amounts and other disclosures in the accounts and the evaluation of accounting policies and estimates. These procedures have been undertaken to form an opinion whether in all material respect, the financial statements so presented are in agreement with the accounts and records of the Treasury, Ministries and Departments and present a fair view of the financial transactions of the Government. I believe that my audit provides a fair basis of my opinion.
During the course of my audit, I was not subjected to the control or direction of any other person or authority.
In my opinion, except for concerns raised in Notes 5(iii), 10 and 14, the Financial Statements for fiscal year 2010/2011 presents properly, a true and fair view of Government of Dominica – Consolidated Fund financial transactions as processed through the Government Treasury.
Read the entire Director of Audit's Report for the Financial Year ended June 30, 2011 (PDF, 6.15 MB).