INDEPENDENT AUDITOR’S REPORT continued
Standards we followed We conducted our limited assurance engagement in accordance with International Standard on Assurance Engagements (New Zealand) 3410 Assurance Engagements on Greenhouse Gas Statements (“ISAE (NZ) 3410”). We believe that the evidence we have obtained is sufficient and appropriate to provide a basis for our conclusion. In accordance with this standard we have: — used our professional judgement to plan and perform the engagement to obtain limited assurance that the information subject to assurance is free from material misstatement, whether due to fraud or error — considered relevant internal controls when designing our assurance procedures, however we do not express a conclusion on the effectiveness of these controls; and — ensured that the engagement team possess the appropriate knowledge, skills and professional competencies. The procedures performed in a limited assurance engagement vary in nature and timing from, and are less in extent than for a reasonable assurance engagement. Consequently the level of assurance obtained in a limited assurance engagement is substantially lower than the assurance that would have been obtained had a reasonable assurance engagement been performed. Restriction of distribution and use Our report should not be regarded as suitable to be used or relied on by any party s other than Vector for any purpose or in any context. Any party other than Vector who obtains access to our report or a copy thereof and chooses to rely on our report (or any part thereof) will do so at its own risk. To the fullest extent permitted by law, we accept or assume no responsibility and deny any liability to any party other than Vector for our work, for this independent limited assurance report, or for the conclusions we have reached. Our report is released to Vector on the basis that it shall not be copied, referred to or disclosed, in whole (save for Vector’s own internal purposes) or in part, without our prior written consent. Directors’ responsibility for the GHG Baseline Totals and GHG Statement The Directors of Vector are responsible for the preparation and fair presentation of the GHG Baseline presented in Vector’s GHG Statement in accordance with the Protocol. This responsibility includes such internal control as the Directors determine is necessary to enable the preparation of the GHG Statement that is free from material misstatement whether due to fraud or error. Our responsibility Our responsibility is to express a conclusion to the Directors on the preparation and presentation of the GHG Baseline presented in Vector’s GHG Statement in accordance with the Protocol. Our independence and quality control We have complied with the independence and other ethical requirements of Professional and Ethical Standard 1 (Revised) issued by the New Zealand Auditing and Assurance Standards Board, which is founded on fundamental principles of integrity, objectivity, professional competence and due care, confidentiality and professional behaviour. The firm applies Professional and Ethical Standard 3 (Amended) and accordingly maintains a comprehensive system of quality control including documented policies and procedures regarding compliance with ethical requirements, professional standards and applicable legal and regulatory requirements. Our firm has also provided other services to Vector. Subject to certain restrictions, partners and employees of our firm may also deal with Vector on normal terms within the ordinary course of trading activities of the business of Vector. These matters have not impaired our independence as assurance providers of Vector for this engagement. The firm has no other relationship with, or interest in, Vector.
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