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ANNUAL REPORT 2010

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Skip Navigation LinksManagement Discussion and Analysis > Financial Review > Internal Controls

internal controls

The Company has designed appropriate internal controls over financial reporting (ICFR) and ensured that these were in place for the year ended 30 June 2010. An evaluation of the design of ICFR has concluded that it is adequate to prevent a material misstatement of the Company’s Consolidated Financial Report as at 30 June 2010.

During the year the Company continued to have an internal audit function externally contracted to Deloitte Touche Tohmatsu. Internal audit reports and follow-up reviews were completed during the year and the Company continues to address their recommendations. The resultant changes to the internal controls over financial reporting have improved and will continue to improve the Company’s framework of internal control in relation to financial reporting.