Page 27 - Broadland Housing Financial Report 78pp A4

• a satisfactory system of control over transactions has A f urther description of our responsibilities for the audit
not been maintained of the financial statements is located on the Financial
or Reporting Council’s website at: https://www.frc.org.uk/
auditorsresponsibilities. This description forms part of our
• t he Association has not kept proper accounting records auditor’s report.
or
The engagement partner on the audit resulting in this
• t he financial statements are not in agreement with the independent auditor’s report is Laragh Jeanroy.
books of account of the Association
or Use of our report

• w e h ave not received all the information and explanations This report is made solely to the Association’s members as a
we require for our audit. body i n , a ccordance with Part 7 o f t he Co-operative and
Community Benefit Societies Act 2014. Our audit work has
Responsibilities of the Board been undertaken so that we might state to the Association’s
members those matters we are required to state to them in
As explained more fully in the Board’s responsibilities an auditor’s report and for no other purpose. T o the fullest
statement set out on pages 23 to 24, the Board is extent permitted by law w e d o n ot accept or assume
,
responsible for the preparation of the financial statements responsibility to anyone other than the Association and the
and for being satisfied that they give a t rue and fair view, Association’s members as a b ody f or our audit work, for this
,
and for such internal control as the Board determines is report, or for the opinions we have formed.
necessary to enable the preparation of financial statements
that are free from material misstatement, whether due to
fraud or error.
In preparing the financial statements, the Board is
responsible for assessing the group’s and the Association’s
ability to continue as a g oing concern, disclosing,
as applicable, matters related to going concern and using RSM UK Audit LLP
the going concern basis of accounting unless the Board Statutory Auditor
either intends to liquidate the group or the Association or to Chartered Accountants
cease operations, or have no realistic alternative but to do so. Abbotsgate House
Hollow Road
Auditor’s responsibilities for the audit Bury St Edmunds
Suffolk
of the financial statements IP32 7FA
Our objectives are to obtain reasonable assurance about
whether the financial statements as a w hole are free from 16 September 2020
material misstatement, whether due to fraud or error a nd to
,
issue an auditor’s report that includes our opinion.
Reasonable assurance is a h igh level of assurance,
but is not a g uarantee that an audit conducted in accordance
with ISAs (UK) will always detect a m aterial misstatement
when it exists. Misstatements can arise from fraud or error
,
and are considered material if i ndividually or in the
aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these
financial statements.

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