Appendix 4 - Auditor’s Report on the Fund

Auditors’ Report on the Health Endowment Fund (“The Fund”)

We have completed the audit of the accounts of the statement of Accounts of the Fund for
the year ended ________, set out in the attached appendix and marked by us for
identification purposes only.

The Management/Trustees of the Fund* is responsible for establishing and maintaining

adequate accounting and internal control systems and for ensuring compliance with the
Rules of Operation of the Health Endowment Fund (“the Rules”) issued by the Ministry of
Health in ____(date of issuance). The Statement is the responsibility of the
Management/Trustees of the Fund*. Our responsibility if to express an opinion on the
amounts shown in the Statements based on our examination.

We conducted our audit in accordance with Singapore Standards on Auditing. Those

Standards require that we plan and perform the audit to obtain reasonable assurance about
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 the directors, as well as evaluating the overall financial statement
presentation. We believe that our audit provides a reasonable basis for our opinion.

In our opinion,

(a) the statements are properly drawn up in accordance with the constitution of the Fund and
Statements of Accounting Standard and so as to give a true and fair view of the state of
affairs of the Fund as at _____ (date);

(b) the funds were used in accordance with the objects of the member, the issue of tax-
deductible receipts were accounted for, and these laid rules and other laid conditions have
been complied with.

(Signature) ________
(Name of auditor)
(Date)

* replace with appropriate terms

-1-