CCS Annual Report 2015-2016

accounting and internal controls as management determines are necessary to enable compliance with the

provisions of the Act.

Auditors’ Responsibility

Our responsibility is to express an opinion on management’s compliance based on our audit of the financial

statements. We conducted our audit in accordance with Singapore Standards on Auditing. We planned and

performed the compliance audit to obtain reasonable assurance about whether the receipts, expenditure,

investment of moneys and the acquisition and disposal of assets, are in accordance with the provisions of the Act.

Our compliance audit includes obtaining an understanding of the internal control relevant to the receipts,

expenditure, investment of moneys and the acquisition and disposal of assets; and assessing the risks of material

misstatement of the financial statements from non-compliance, if any, but not for the purpose of expressing an

opinion on the effectiveness of the entity’s internal control. Because of the inherent limitations in any accounting

and internal control system, non-compliances may nevertheless occur and not be detected.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our

opinion on management’s compliance.

Opinion

In our opinion:

the receipts, expenditure, investment of moneys and the acquisition and disposal of assets by the Commission

during the year are, in all material respects, in accordance with the provisions of the Act; and

proper accounting and other records have been kept, including records of all assets of the Commission whether

purchased, donated or otherwise.

SINGAPORE

15 JUNE 2016

PUBLIC ACCOUNTANTS AND

CHARTERED ACCOUNTANTS

FINANCIAL STATEMENTS

CCS ANNUAL REPORT 2015-2016