UTech Annual Report 2019-20

Independent auditor's report To the Council of University of Technology, Jamaica Report on the audit of the financial statements Our opinion In our opinion, the financial statements give a true and fair view of the financial position of University of Technology, Jamaica (the University) as at 31 March 2 020, and of its financial performance and its cash flows for the year then ended in accordance with International Financial Reporting Standards. What we have audited The University's financial statements comprise: • the statement of financial position as at 31 March 2020; • the statement of comprehensive income for the year then ended; • the statement of changes in reserves for the year then ended; • the statement of cash flows for the year then ended; and • the notes to the financial statements, which include significant accounting policies and other explanatory information. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the University in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (JESSA Code). We have fulfilled our other ethical responsibilities in accordance with the IESBA Code. PricewaterhouseCoopers, Scotiabank Centre, Duke Street, Box 372, Kingston, Jamaica T: (876) 922 6230, F: 876) 922 7581, www.pwc.com/jm B.L. Scott B.J. De"ning GA. Reece PA. Williams RS, Nathan C.t. Bell-Wisdom G.K. MOO!w- T , N, Smith OaSilva K.D. PoweN University of Technology, Jamaica 114

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