Management’s Responsibility for the Financial Statements

These financial statements have been prepared by management, which is responsible for the reliability, integrity and objectivity of the information provided. The preparation of financial statements necessarily involves using management’s best estimates and judgements, where appropriate.

Management is responsible for maintaining a comprehensive system of accounting records, internal controls, policies and management practices, designed to provide reasonable assurance that transactions are properly authorized and in compliance with legislation, assets are safeguarded, and reliable financial information is available on a timely basis.

The Bermuda Tourism Authority board members through the Audit and Risk Committee are responsible for ensuring that management fulfills its responsibility for financial reporting and internal controls. The Audit and Risk Committee meets periodically with management to discuss matters relating to financial reporting, internal control and audits. The Audit and Risk Committee also reviews the financial statements before recommending approval by the Board members. The financial statements have been approved by the Board members and have been examined by the Office of the Auditor General.

The accompanying Independent Auditor’s Report is presented herein.

On behalf of the Bermuda Tourism Authority

David Dodwell

William A. Hanbury
Chief Executive Officer

August 6, 2015