Reserve Bank of Australia Annual Report – 1991 Financial Statements Report of the Auditor-General
Audit Report on Financial Statements
I have audited the financial statements of the Reserve Bank of Australia for the year ended 30 June 1991 in accordance with the Australian National Audit Office Auditing Standards, which incorporate the Australian Auditing Standards. The statements comprise:
- balance sheet;
- profit and loss appropriation statement; and
- notes to and forming part of the financial statements.
The financial statements prepared by the Board pursuant to sub-section 81(1) of the Reserve Bank Act 1959 are in accordance with the policies outlined in Note 1 to the statements and in accordance with the forms prescribed by the Reserve Bank Regulations as supplemented by additional information. Australian Accounting Standards are applied in the preparation of the statements to the extent that they do not conflict with the Act and are relevant to the role of a central bank.
In accordance with sub-section 81(2) of the Act, I now report that the statements are in agreement with the accounts and records of the Bank, and in my opinion:
- the statements are based on proper accounting records; and
- the statements show fairly the financial transactions for the year ended 30 June 1991 and the state of affairs of the Bank at that date.
J.C. Taylor
Auditor-General
6 August 1991