NEWSBOYS FOUNDATION ANNUAL REPORT 2018 29 Independent Auditor’s Report to the Members of Newsboys Foundation Report on the audit of the summarised financial report Opinion We have audited the summarised financial report of Newsboys Foundation (the Company), which comprises the statement of financial position as at 30 June 2018 and the statement of comprehensive income for the year then ended. The summarised financial report does not contain all the disclosures required by the Australian Accounting Standards - Reduced Disclosure Requirements (as adopted by Newsboys Foundation) and accordingly, reading the summarised financial report is not a substitute for reading the audited financial report. In our opinion, the summarised financial report of Newsboys Foundation for the year ended 30 June 2018 is consistent, in all material respects, with the financial report from which it was derived. Basis for opinion We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Report section of our report. We are independent of the Company in accordance with the ethical requirements of the Accounting Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants (the Code) that are relevant to our audit of the financial report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Responsibilities of the Directors for the financial report The Directors of the Company are responsible for the preparation of the summarised financial report in accordance with the full financial statements for the year ended 30 June 2018, and for such internal control as the Directors determine are necessary to enable the preparation of the summarised financial report that gives a true and fair view and is free from material misstatement, whether due to fraud or error. In preparing the financial report, the Directors are responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Directors either intend to liquidate the Company or to cease operations, or has no realistic alternative but to do so. The Directors are responsible for overseeing the Company’s financial reporting process. Auditor’s responsibilities for the audit of the financial report Our objectives are to obtain reasonable assurance about whether the summarised financial report as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the Australian Auditing Standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this summarised financial report. A further description of our responsibilities for the audit of the financial report is located at the Auditing and Assurance Standards Board website at: http://www.auasb.gov.au/auditors_ responsibilities/ar4.pdf. These responsibilities were fulfilled as part of the audit of the financial report from where the above summarised financial report was derived. Our audit report on the financial report for the year ended 30 June 2018 was signed on 20 September 2018 and was not subject to any modification. Grant Thornton Audit Pty Ltd Chartered Accountants S C Trivett Partner – Audit & Assurance Melbourne, 18 October 2018