Statement Of Responsibilities For The Statement Of Accounts The Executive's Responsibilities The Executive is required:
• to make arrangements for the proper administration of its financial affairs and to secure that one of its officers has the responsibility for the administration of those affairs. In this Executive, that officer is the Director of Resources.
• to manage its affairs to secure economic, efficient and effective use of resources and safeguard its assets.
Responsibilities of The Director of Resources The Director of Resources is responsible for the preparation of the Executive's Statement of Accounts which are required to present fairly the financial position of the Executive at the accounting date and its income and expenditure for the year ended 31 March 2009.
In preparing this statement of accounts the Director of Resources has:
• selected suitable accounting policies and then applied them consistently
• made judgements and estimates that were reasonable and prudent
• complied with the Code
The Director of Resources has also:
• kept proper accounting records which were up to date
• taken reasonable steps for the prevention and detection of fraud and other irregularities.
CERTIFICATE OF THE EXECUTIVE
We certify that the Statements of Accounts set out on pages D13 to D49 have been prepared in accordance with the accounting policies adopted by the Executive.
DIRECTOR GENERAL Date:
J R Barclay
DIRECTOR OF RESOURCES Date:
Auditors' Report To Merseyside Passenger Transport Executive
Opinion on the Financial Statements I have audited the financial statements of Merseyside Passenger Transport Executive and its Group for the year ended 31 March 2009 under the Audit Commission Act 1998, which comprises the Summary Revenue Operating Account, the Consolidated Balance Sheet, the Statement of Total Movements in Reserves, the Cash Flow Statement, the Group Accounts and the related notes. These financial statements have been prepared under the accounting policies set out within them.
This report is made solely to Merseyside Passenger Transport Executive in accordance with Part II of the Audit Commission Act 1998 and for no other purpose, as set out in paragraph 36 of the Statement of Responsibilities of Auditors and of Audited Bodies, prepared by the Audit Commission.
Respective Responsibilities of the Chief Finance Officer and Auditors The Chief Finance Officer’s responsibilities for preparing the financial statements in accordance with applicable laws and regulations and in part the Statement of Recommended Practice on Local Authority Accounting in the United Kingdom 2008 are set out in the Statement of Responsibilities.
My responsibility is to audit the financial statements in accordance with relevant legal and regulatory requirements and International Standards on Auditing (UK and Ireland).
I report to you my opinion as to whether the financial statements presents fairly the financial position of the Executive in accordance with applicable laws and regulations and in part the Statement of Recommended Practice on Local Authority Accounting in the United Kingdom 2008.
I review whether the statement on internal control reflects compliance with CIPFA’s guidance (“The Statement on Annual Governance in Local Government: Meeting the requirements of the Accounts and Audit Regulations 2003 published on 2 April 2004.”). I report if it does not comply with proper practices specified by CIPFA or if the statement is misleading or inconsistent with other information I am aware of from my audit of the financial statements. I am not required to consider, nor have I considered, whether the statement on Annual Governance covers all risks and controls. I am also not required to form an opinion on the effectiveness of the Executive’s corporate governance procedures and its risk and control procedures.
I read other information published with the financial statements, and consider whether it is consistent with the audited financial statements. This other information comprises only the Explanatory Foreword. I consider the implications for my report if I become aware of any apparent misstatements or material inconsistencies with the financial statements. My responsibilities do not extend to any other information.
Basis of Audit Opinion
I conducted my audit in accordance with the Audit Commission Act 1998, the Code of Audit Practice issued by the Audit Commission and International Standards on Auditing (UK and Ireland) issued by the Auditing Practices Board. An audit includes examination, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements. It also includes an assessment of the significant estimates and judgements made by the Executive in the preparation of the financial statements, and of whether the accounting policies are appropriate to the Executive’s circumstances, consistently applied and adequately disclosed.
I planned and performed my audit so as to obtain all the information and explanations which I considered necessary in order to provide me with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or other irregularity or error. In forming my opinion I also evaluated the overall adequacy of the presentation of information in the financial statements.
Opinion In my opinion the financial statements present fairly, in accordance with applicable laws and regulations and in part the Statement of Recommended Practice on Local Authority Accounting in the United Kingdom 2008, the financial position of the Executive and its Group as at 31 March 2009 and its income and expenditure for the year then ended.
Signature: Date: Audit Commission