CONSERVATORS OF THE RIVER CAM
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Accounts Archive
Examples of annual auditing activities resulting in the End of Year Accounts found linked to this page.
IDENTIFYING CHANGES TO BUSINESS AND ITS ENVIRONMENT.
This includes consideration of matters which may impact income and expenditure, such as business viability and matters relating to remaining a 'Going Concern'.
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The structural vulnerability at both Jesus Lock and Baits Bite Lock Island and the related impact to the organisation to re-open them, is a part of this process.
DETERMINING MATERIALITY
For example: an item is considered material to the financial statements if, through its omission, misstatement or non-disclosure, the financial statements would no longer show a true and fair view.
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This includes the interogation of the related parties information provided by Conservators.
SIGNIFICANT RISK - ASSESSMENT
An assesment of the Conservancy significant audit risk is carried out, taking into account sector developments, the market environment, transactions and events in the year as well as the risk of fraud in the financial statements.
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The auditors carry out focused audit testing in areas of significant risk.
Links to Audited Accounts
2019/20 Audited Accounts (PDF)
2018/19 Audited Accounts (pdf)
2017/18 Audited Accounts (pdf)
2016/17 Audited Accounts (pdf)
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2015/16 Audited Accounts (pdf)
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2014/15 Audited Accounts (pdf)
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2013/14 Audited Accounts (pdf)
2012/13 Audited Accounts (pdf)
2011/12 Audited Accounts (pdf)
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CONTROLS REVIEW AND SUBSTANTIVE TESTING
A review of internal systems, processes and controls takes place, with 'walk-throughs' on end-to-end processes that auditors consider significant to the audit to assess the design and implementation of controls that the Conservancy has in place to mitigate financial reporting risk.
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The information from this process further informs the risk assessments.
CONCLUSION
The audit will end with the presentation of the results of the audit including the conclusions of the auditors on mangement's judgements, and internal control recommendations. A final agreed end of year accounts document is also confirmed and signed off. This document is added to the website each year, and the links to them are found on this page.