Rangatira Annual Report 2025 - Flipbook - Page 69
Use of this independent auditor’s report
This independent auditor’s report is made solely to the Shareholders. Our audit work has been undertaken so
that we might state to the Shareholders those matters we are required to state to them in the independent
auditor’s report and for no other purpose. To the fullest extent permitted by law, none of KPMG, any entities
directly or indirectly controlled by KPMG, or any of their respective members or employees, accept or assume
any responsibility and deny all liability to anyone other than the Shareholders for our audit work, this independent
auditor’s report, or any of the opinions we have formed.
Responsibilities of Directors for the financial statements
The Directors, on behalf of the Company, are responsible for:
—
the preparation and fair presentation of the financial statements in accordance with NZ IFRS issued by
the New Zealand Accounting Standards Board and the International Financial Reporting Standards
issued by the International Accounting Standards Board;
— implementing the necessary internal control to enable the preparation of a set of financial statements
that is free from material misstatement, whether due to fraud or error; and
— assessing the ability of the Company to continue as a going concern. This includes disclosing, as
applicable, matters related to going concern and using the going concern basis of accounting unless
they either intend to liquidate or to cease operations or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the financial
statements
Our objective is:
—
to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error; and
—
to issue an independent auditor’s report that includes our opinion.
Reasonable assurance is a high level of assurance but it is not a guarantee that an audit conducted in
accordance with ISAs NZ will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error. They are considered material if, individually or in the aggregate, they
could reasonably be expected to influence the economic decisions of users taken on the basis of the financial
statements.
A further description of our responsibilities for the audit of the financial statements is located at the External
Reporting Board (XRB) website at:
https://www.xrb.govt.nz/standards/assurance-standards/auditors-responsibilities/audit-report-8/
This description forms part of our independent auditor’s report.
KPMG
Wellington
16 June 2025
