Finances

Independent audit report

Scope
We have audited the financial report of Australian Library and Information Association Limited ('the Association') for the year ended 31 December 2000 as set out here. The Association's directors are responsible for the financial report. We have conducted an independent audit of the financial report in order to express an opinion on it to the members of the Association.

Our audit has been conducted in accordance with Australian auditing standards to provide reasonable assurance as to whether the financial report is free of material misstatement. Our procedures included examination, on a test basis, of evidence supporting the amounts and other disclosures in the financial report, and the evaluation of accounting policies and significant accounting estimates. These procedures have been undertaken to form an opinion as to whether, in all material respects, the financial report is presented fairly in accordance with accounting standards, other mandatory professional reporting requirements, and the Corporations Law in Australia so as to present a view which is consistent with our understanding of the Association's financial position, and performance as represented by the results of its operations and its cashflows.

The audit opinion expressed in this report has been formed on the above basis.

Audit opinion
In our opinion, the financial report of the Association is in accordance with:

1. the Corporations Law, including:
   1. giving a true and fair view of the Association's financial position as at 31 December 2000 and of its performance for the financial year ended on that date; and
   2. complying with accounting standards and the corporations regulations; and
2. other mandatory professional reporting requirements.

M J Empson
Partner (Canberra)

Canberra 9 March 2001