Qantas 2012 Annual Report Download - page 154

FOR THE YEAR ENDED 30 JUNE 2012
Independent Limited Assurance Report
Independent limited assurance
report to Qantas on the
Sustainability Statistics and Notes
section in the Qantas Airways
Limited Annual Report 2012
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 30 June 2012.
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
Definitions 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) 3000,
Assurance Engagements other than
Audits or Reviews of Historical Financial
Information, issued by the International
Auditing and Assurance Standards Board.
ISAE 3000 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
sufficient 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 specific 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 significant matters that might
be identified 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 30 June 2012
has not, in all material respects, been
prepared and presented in accordance
with the Criteria established by Management.
KPMG
Sydney
14 September 2012
QANTAS ANNUAL REPORT 2012152