Auditor's Report

To the Speaker of the Legislative Assembly of Alberta:

I have audited the statement of financial position of the Legislative Assembly Office as at March 31, 1998, and the statements of changes in net liabilities, operations, and changes in financial position for the year then ended. These financial statements are the responsibility of the Office's management. My responsibility is to express an opinion on these financial statements based on my audit.

I conducted my audit in accordance with generally accepted auditing standards. Those standards require that I plan and perform an audit to obtain reasonable assurance whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.

The Office has not recognized accrued vacation entitlements as a liability. The amount of the misstatement cannot be reasonably determined; however, I believe it to be material.

In my opinion, except for the effects of the Office's failure to record the liability referred to in the preceding paragraph, these financial statements present fairly, in all material respects, the financial position of the Office as at March 31, 1998, and the results of its operations and the changes in its financial position for the year then ended in accordance with generally accepted accounting principles.

FCA
Auditor General
Edmonton, Alberta
December 9, 1999

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The electronic copy of the Legislative Assembly Office Annual Report is UNOFFICIAL and is provided for information purposes only. The printed version is the OFFICIAL Annual Report.