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Radiocommunications
Agency
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Radiocommunications
Agency
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The Certificate and Report of the Comptroller and
Auditor General to the House of Commons
I certify that I have audited the financial statements on (printed) pages 19 to 30 under
the Exchequer and Audit Departments Act 1921. These financial statements have been
prepared under the historical cost convention as modified by the revaluation of certain
fixed assets and the accounting policies set out on (printed) pages 22 to 23.
Respective Responsibilities of the Agency and the Chief Executive and Auditors
As described on (printed) page 18, the Agency and the Chief Executive are
responsible for the preparation of financial statements and for ensuring the regularity of
financial transactions. It is my responsibility to form an independent opinion, based on
my audit, on those statements and on the regularity of the financial transactions included
in them and to report my opinion to you.
Basis of Opinion
I conducted my audit in accordance with Auditing Standards issued by the Auditing
Practices Board. An audit includes examination, on a test basis, of evidence relevant to
the amounts, disclosures and regularity of financial transactions included in the
financial statements. It also includes an assessment of the significant estimates and
judgements made by the Agency and the Chief Executive in the preparation of the financial
statements, and of whether the accounting policies are appropriate to the Agency'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 error, or by fraud or other irregularity and that, in all material
respects, the expenditure and income have been applied to the purposes intended by
Parliament and the financial transactions conform to the authorities which govern them. In
forming my opinion I have also evaluated the overall adequacy of the presentation of
information in the financial statements.
Opinion
In my opinion:
* the financial statements give a true and fair view of the state of affairs of the Radiocommunications Agency at 31 March 1996 and of its surplus, total recognised gains and losses and cash flows for the year then ended and have been properly prepared in accordance with the Exchequer and Audit Departments Act 1921 and with the directions made thereunder by the Treasury;
* in all material respects the expenditure and income have been applied to the purposes intended by Parliament and the financial transactions conform to the authorities which govern them.
I have no observations to make on these financial
statements.
John Bourn
Comptroller and Auditor General
24 January 1997
National Audit Office
157-197 Buckingham Palace Road
Victoria, London SWIW 9SP
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