Enterprise Ireland
Annual Report and Accounts 2004
Annual Report and Accounts 2004
I have audited the financial statements on pages 74 to 92 (refers to printed report) under Section 22 of the Industrial Development (Enterprise Ireland) Act, 1998.
The accounting responsibilities of the members of the Board of the Agency are set out on page 72 (refers to printed report). It is my responsibility, based on my audit, to form an independent opinion on the financial statements presented to me and to report on them.
I review whether the statement on the system of internal financial control on page 73 reflects the Agency’s compliance with applicable guidance on corporate governance and report any material instance where it does not do so, or if the statement is misleading or inconsistent with other information of which I am aware from my audit of the financial statements.
In the exercise of my function as Comptroller and Auditor General, I conducted my audit of the financial statements in accordance with auditing standards issued by the Auditing Practices Board and by reference to the special considerations which attach to State bodies in relation to their management and operation.
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 judgments made in the preparation of the financial statements, and of whether the accounting policies are appropriate to the Agency’s circumstances, consistently applied and adequately disclosed.
I planned and performed my audit so as to obtain all the information and explanations that I considered necessary to provide me with sufficient evidence to give reasonable assurance that the financial statements are free from material mis-statement whether caused by fraud or other irregularity or error. In forming my opinion I also evaluated the overall adequacy of the presentation of information in the financial statements.
In my opinion, proper books of account have been kept by the Agency and the financial statements, which are in agreement with them, give a true and fair view of the state of affairs of Enterprise Ireland at 31 December 2004 and of its income and expenditure and cash flow for the year then ended.
John Purcell
Comptroller and Auditor General
9th June 2005