—Integrated Ordinary Account of the Macao Special Administrative Region —
Your Excellency, Chief Executive:
The Audit Commission has examined the financial statements of the Integrated Ordinary Account of the Macao Special Administrative Region set out on pages 7 to 28.
Responsibility of public departments, institutions and the Financial Services Bureau
In accordance with article 4 in appendix 1 of the “Rules for Compilation and Preparation of the General Account”, approved by the Chief Executive Dispatch n.o 275/2018, cash basis accounting system and the defined rules for consolidation shall be applied in the preparation of the Integrated Ordinary Account of the Macao Special Administrative Region. In accordance with n.o 2 of article 51 of the Law n.o 15/2017 “Budget Framework Law”, the Financial Services Bureau is responsible for preparing the relevant accounts. According to articles 46 and 69 of the “Budget Framework Law”, article 48 and n.o 1 of article 91 of the Administrative Regulation n.o 2/2018 “Implementation Rules of the Budget Framework Law”, public departments and institutions shall take responsibility for managing their own budget execution, while the Financial Services Bureau is also responsible for monitoring the departments’ and institutions’ budget execution and management.
Responsibility of the Audit Commission
It is the responsibility of the Audit Commission for conducting an audit on the financial statements referred above and for issuing an opinion. The Audit Commission conducted the audit according to the established audit plan and scope. The audit works included the examination, on a selective basis, of the supporting evidence for the amounts posted in the financial statements, and the assessment of whether the determined accounting policies were in conformity with the public accounting system, and whether they were effectively and consistently applied and adequately disclosed.
The aim of planning and performing the audit is to obtain all information and explanations deemed necessary in order to get sufficient audit evidence to reasonably verify whether there is any material misstatement in the financial statements. For this purpose, the Audit Commission has already obtained sufficient and appropriate audit evidence to provide a reasonable basis for issuing its opinion.
Audit opinion
In my opinion, the financial statements of the Integrated Ordinary Account of the Macao Special Administrative Region are prepared in accordance with article 4 of the “Rules for Compilation and Preparation of the General Account”, and fairly presented, in all material aspects, the budget execution results for the year ended 31 December 2021 and the financial positions as at the same date of all government departments and institutions (excluding the special institutions) of the Macau Special Administrative Region, under the public accounting system comprised of the “Budget Framework Law” and its supplementary regulations.
The Audit Commission has examined the financial statements of the Aggregated Account of the Special Institutions set out on pages 31 to 50.
Responsibility of institutions and the Financial Services Bureau
In accordance with article 5 in appendix 1 of the “Rules for Compilation and Preparation of the General Account”, approved by the Chief Executive Dispatch n.o 275/2018, accrual basis accounting system and the defined rules for consolidation shall be applied in the preparation of the Aggregated Account of the Special Institutions. In accordance with n.o 2 of article 51 of the Law n.o 15/2017 “Budget Framework Law”, the Financial Services Bureau is responsible for preparing the relevant accounts. According to articles 46 and 69 of the “Budget Framework Law”, article 48 and n.o 1 of article 91 of the Administrative Regulation n.o 2/2018 “Implementation Rules of the Budget Framework Law”, institutions shall take responsibility for managing their own budget execution, while the Financial Services Bureau is also responsible for monitoring the institutions’ budget execution and management.
Responsibility of the Audit Commission
It is the responsibility of the Audit Commission for conducting an audit on the financial statements referred above and for issuing an opinion. The Audit Commission conducted the audit according to the established audit plan and scope. The audit works included the examination, on a selective basis, of the supporting evidence for the amounts posted in the financial statements, and the assessment of whether the determined accounting policies were in conformity with the public accounting system, and whether they were effectively and consistently applied and adequately disclosed.
The aim of planning and performing the audit is to obtain all information and explanations deemed necessary in order to get sufficient audit evidence to reasonably verify whether there is any material misstatement in the financial statements. For this purpose, the Audit Commission has already obtained sufficient and appropriate audit evidence to provide a reasonable basis for issuing its opinion.
Audit opinion
In my opinion, the financial statements of the Aggregated Account of the Special Institutions are prepared in accordance with article 5 of the “Rules for Compilation and Preparation of the General Account”, and fairly presented, in all material aspects, the budget execution results for the year ended 31 December 2021 and the financial positions as at the same date of all special institutions of the Macau Special Administrative Region, under the accounting system which is applicable for special institutions and comprised of the “Budget Framework Law” and its supplementary regulations.
