Your Excellency the Chief Executive,
The Commission of Audit has examined the financial statements of the Government’s integrated ordinary account set out on pages 7 to 26.
Responsibility of the Financial Services Bureau and of the public departments and institutions
In accordance with Nr. 4 of the “Rules on the Structure, Elements and Preparation of the Special Administrative Region of Macau’s General Account”, approved by Chief Executive Dispatch Nr. 121/2011, the integrated ordinary account of the Government shall be prepared on cash basis, and for which the rules on integration set out in the aforesaid number shall be applied. In conformity with the Decree Law Nr. 41/83/M, Article 35, Nr. 1, the Financial Services Bureau is responsible for preparing the financial statements. According to the Articles 80 and 81 of the Administrative Regulation Nr. 6/2006, public departments and institutions manage their own budgets, while the control over the departments’ and institutions’ budget management is also a responsibility of the Financial Services Bureau.
Responsibility of the Commission of Audit
It is the responsibility of the Commission of Audit to conduct an audit on the financial statements referred above and to express an opinion. The Commission of Audit conducted the audit according to the established plan and scope. The audit includes examining, on a selective basis, evidence supporting the amounts in the financial statements, and assessing whether the accounting policies were in conformity with the public accounting system and whether they were effectively and consistently applied and adequately disclosed.
The Commission of Audit planned and performed the audit so as to obtain all information and explanations deemed necessary in order to get sufficient evidence to reasonably assure the financial statements are free from material misstatement. The audit evidence the Commission of Audit obtained is sufficient and relevant to provide a reasonable basis for expressing its opinion.
Audit opinion
In my opinion, the financial statements of the Government’s integrated ordinary account have been prepared in accordance with the Nr. 4 of the “Rules on the Structure, Elements and Preparation of the Special Administrative Region of Macau’s General Account” and present, in all material aspects, the Macau Special Administrative Region’s financial position as at 31 December 2014 and the budget execution, based on receipts and payments for the year then ended, processed in accordance with the public accounting system set up by the Decree Law No. 41/83/M, Administrative Regulation Nr. 6/2006 and Chief Executive Dispatch Nr. 121/2011.
Your Excellency the Chief Executive,
The Commission of Audit has examined the financial statements of the Special entities’ aggregated account set out on pages 29 to 42.
Responsibility of the Financial Services Bureau and of the public institutions
In accordance with Nr. 5 of the “Rules on the Structure, Elements and Preparation of the Special Administrative Region of Macau’s General Account”, approved by Chief Executive Dispatch Nr. 121/2011, the special entities’ aggregated account shall be prepared on accrual basis, and for which the relevant rules on aggregation shall be applied. In conformity with the Decree Law Nr. 41/83/M, Article 35, Nr. 1, the Financial Services Bureau is responsible for preparing the financial statements. According to the Articles 80 and 81 of the Administrative Regulation Nr. 6/2006, public institutions manage their own budgets, while the control over the institutions’ budget management is also a responsibility of the Financial Services Bureau.
Responsibility of the Commission of Audit
It is the responsibility of the Commission of Audit to conduct an audit on the financial statements referred above and to express an opinion. The Commission of Audit conducted the audit according to the established plan and scope. The audit includes examining, on a selective basis, evidence supporting the amounts in the financial statements, and assessing whether the accounting policies were in conformity with the accounting system applicable to the special entities and whether they were effectively and consistently applied and adequately disclosed.
The Commission of Audit planned and performed the audit so as to obtain all information and explanations deemed necessary in order to get sufficient evidence to reasonably assure the financial statements are free from material misstatement. The audit evidence the Commission of Audit obtained is sufficient and relevant to provide a reasonable basis for expressing its opinion.
Audit opinion
In my opinion, the financial statements of the Special entities’ aggregated account have been prepared in accordance with the Nr. 5 of the “Rules on the Structure, Elements and Preparation of the Special Administrative Region of Macau’s General Account” and present, in all material aspects, the financial position, as at 31 December 2014, of the Macau Special Administrative Region’s special entities and their budget execution, based on receipts and payments for the year then ended, processed in accordance with the applicable accounting system set up by the Decree Law No. 41/83/M, Administrative Regulation Nr. 6/2006 and Chief Executive Dispatch Nr. 121/2011.
