Illustrative agreed-upon procedures report in respect of a PTE’s prudential financial standards calculations Report of factual findings To the Directors We performed the procedures agreed with you and the Tertiary Education Commission (TEC), and outlined below, with respect to the prudential financial standards calculations of PTE Company Ltd as of 31 December 2015 and 31 December 2016, set forth in the accompanying schedule. Our engagement was undertaken in accordance with APS-1 Statement of Agreed-upon Procedures Engagement Standard and Guidelines of the New Zealand Institute of Chartered Accountants (NZICA). We disclaim any assumption of responsibility for the adequacy or otherwise of the procedures requested by you. You and the TEC are responsible for determining whether factual findings provided by us, in combination with other information obtained, provide a reasonable basis for any conclusion which you wish to draw on the subject matter. The procedures were performed solely to assist you and the TEC to assess the ongoing financial viability of PTE Company Ltd and are as follows: Errors or Procedures Factual findings exceptions identified We obtained the prudential financial Obtained standards calculations as at 31 December 2015 prepared by the PTE We compared the components of the We found the amounts compared to <Detail the prudential financial standards calculations be in agreement <except for the exceptions> at as 31 December 2015 to the exceptions noted> <audited/reviewed> financial statements as at 31 December 2015 We reperformed the prudential financial We found our recalculations to be None standards calculations as at 31 December the same as the PTE’s calculations 2015 We obtained the prudential financial Obtained standards calculations as at 31 December 2016 prepared by the PTE We obtained the prospective financial Obtained information as at 31 December 2016 prepared by the PTE We checked that the prospective financial We found the prospective financial None information as at 31 December 2016 were information as at 31 December 2016 approved by the PTEs governing body were approved by the PTEs governing body We compared the accounting policies and We found the accounting policies None management estimates used for the and management estimates used for prospective financial information as at 31 the prospective financial December 2016 were the same as those information as at 31 December 2016 were the same as those used in the
Illustrative agreed-upon procedures report in respect of a PTE’s prudential financial standards calculations Report of factual findings To the Directors We performed the procedures agreed with you and the Tertiary Education Commission (TEC), and outlined below, with respect to the prudential financial standards calculations of PTE Company Ltd as of 31 December 2015 and 31 December 2016, set forth in the accompanying schedule. Our engagement was undertaken in accordance with APS-1 Statement of Agreed-upon Procedures Engagement Standard and Guidelines of the New Zealand Institute of Chartered Accountants (NZICA). We disclaim any assumption of responsibility for the adequacy or otherwise of the procedures requested by you. You and the TEC are responsible for determining whether factual findings provided by us, in combination with other information obtained, provide a reasonable basis for any conclusion which you wish to draw on the subject matter. The procedures were performed solely to assist you and the TEC to assess the ongoing financial viability of PTE Company Ltd and are as follows: Procedures Factual findings Errors or exceptions identified We obtained the prudential financial standards calculations as at 31 December 2015 prepared by the PTE Obtained We compared the components of the prudential financial standards calculations at as 31 December 2015 to the <audited/reviewed> financial statements as at 31 December 2015 We found the amounts compared to be in agreement <except for the exceptions noted> <Detail the exceptions> We reperformed the prudential financial standards calculations as at 31 December 2015 We found our recalculations to be the same as the PTE’s calculations None We obtained the prudential financial standards calculations as at 31 December 2016 prepared by the PTE Obtained We obtained the prospective financial information as at 31 December 2016 prepared by the PTE Obtained We checked that the prospective financial information as at 31 December 2016 were approved by the PTEs governing body We found the prospective financial information as at 31 December 2016 were approved by the PTEs governing body None We compared the accounting policies and management estimates used for the prospective financial information as at 31 December 2016 were the same as those We found the accounting policies and management estimates used for the prospective financial information as at 31 December 2016 were the same as those used in the None
Illustrative-AUP-report.docx