Qantas 2011 Annual Report Download - page 121

119 ANNUAL REPORT 2011
to Qantas on the Sustainability Statistics and Notes section in the Qantas Airways Limited Annual Report 2011
Independent Limited Assurance Report
INTRODUCTION
We have been engaged by Qantas Airways Limited (Qantas) to
provide limited assurance in respect of the Sustainability Statistics
and Notes section (the Sustainability Section) of the Qantas Annual
Report (the Report) for the year ended  June .
DIRECTORS’ AND MANAGEMENT’S RESPONSIBILITIES
FOR THE SUSTAINABILITY SECTION
The Directors and Management of Qantas are responsible for the
preparation and presentation of the Sustainability Section. This
responsibility includes establishing and maintaining internal control
systems to enable the preparation of the Sustainability Section that
is free from material misstatement whether due to fraud or error.
There are no mandatory requirements for the preparation, publication
or assurance on the Sustainability Section. Qantas applies its own
internal reporting guidelines for sustainability reporting (the Criteria),
which can be found in the Denitions and Scopes of the Sustainability
Section of the Report.
OUR RESPONSIBILITY
Our responsibility is to express a limited assurance conclusion
to Qantas on the preparation and presentation of the Sustainability
Section.
The internal control structure which Management has established
and from which the Sustainability Section has been derived has not
been reviewed and no opinion is expressed as to its effectiveness.
We conducted our engagement in accordance with International
Standard on Assurance Engagements (ISAE) , Assurance
Engagements other than Audits or Reviews of Historical Financial
Information, issued by the International Auditing and Assurance
Standards Board.
ISAE  requires us to comply with the requirements of the
International Ethics Standards Board for Accountants (IESBA), and
plan and perform the engagement to obtain limited assurance about
whether the Sustainability Section is free from material misstatement.
A limited assurance engagement on a sustainability report consists
of making inquiries, primarily of persons responsible for the
management, monitoring and preparation of the Sustainability
Section, and applying analytical and other evidence-gathering
procedures, as appropriate.
We performed procedures in order to obtain all the information and
explanations that we considered necessary to provide sufcient
evidence for us to state whether anything has come to our attention
that would indicate that the Sustainability Section has not been
prepared and presented, in all material respects, in accordance
with the Criteria established by Management.
These procedures comprised:
— Inquiries and walkthroughs with Management and relevant
staff to gain an understanding of the design and implementation
of Qantas’ processes for developing, calculating, collecting,
reporting, and aggregating the reported information in the
Sustainability Section
— Visits to specic sites and contractors, which were selected on
the basis of a risk analysis including the consideration of both
qualitative and quantitative criteria
— Comparing the information presented in the Sustainability Section
to corresponding information in the relevant underlying sources
to determine whether all the relevant information contained in
such underlying sources has been appropriately included in
the Sustainability Section
— Reading the information presented in the Sustainability Section
to determine whether it is in line with our overall knowledge of,
and experience with, the sustainability performance of Qantas,
obtained as part of our limited assurance engagement
A limited assurance engagement is substantially less in scope, based
on the extent of evidence-gathering, than a reasonable assurance
engagement or an audit conducted in accordance with International
Standards on Auditing and Assurance Engagements, and
consequently does not enable us to obtain assurance that we would
become aware of all signicant matters that might be identied in an
audit or a reasonable assurance engagement. Accordingly, we do
not express a reasonable assurance or audit opinion.
This report has been prepared solely for the use of Qantas in
accordance with the terms of our engagement. We disclaim any
assumption of responsibility for any reliance on this limited assurance
report to any person other than Qantas or for any other purpose
other than that for which it is prepared.
INDEPENDENCE
In conducting our limited assurance engagement, we have complied
with the ethical requirements, including independence requirements
of the International Ethics Standards Board for Accountants and the
Australian Accounting Professional and Ethical Standards Board.
CONCLUSION
Based on the procedures performed as described above, nothing
has come to our attention that would lead us to believe that the
Sustainability Statistics and Notes Section of the Qantas Annual
Report for the year ended  June  has not, in all material
respects, been prepared and presented in accordance with the
Criteria established by Management.
KPMG
Sydney
 September 