Page 46 - Housing Solutions Annual Report

or our knowledge obtained in the audit or otherwise Association’s ability to continue as a going
appears to be materially misstated. If we identify
such material inconsistencies or apparent material
misstatements, we are required to determine
whether there is a material misstatement in the
financial statements or a material misstatement of
the other information. If, based on the work we have
performed, we conclude that there is a material
misstatement of this other information, we are
required to report that fact.
We have nothing to report in this regard.
MATTERS ON WHICH WE ARE REQUIRED TO
REPORT BY EXCEPTION
We have nothing to report in respect of the
following matters where the Co-operative and
Community Benefit Societies Act 2014 or the
Housing and Regeneration Act 2008 to report to
you if, in our opinion:
• the information given in the Report of the Board
of management for the financial year for which the
financial statements are prepared is not consistent
with the financial statements; or
• adequate accounting records have not been kept
by the parent Association; or
• a satisfactory system of control has not been
maintained over transactions; or
• the parent Association financial statements are
not in agreement with the accounting records and
returns; or
• we have not received all the information and
explanations we require for our audit.
RESPONSIBILITIES OF THE BOARD FOR THE
FINANCIAL STATEMENTS
As explained more fully in the Statement of
the Responsibilities of the Board, the board is
responsible for the preparation of the financial
statements and for being satisfied that they give a
true and fair view, and for such internal control as
the board determines is 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
BDO LLP
Statutory Auditor
Gatwick
BDO LLP is a limited liability partnership registered in England and Wales (with registered number OC305127).
46 Annual Report and Accounts 2020
16645.02 HS Annual Report 86pp A4 v10.indd 46
16645.02 HS Annual Report 86pp A4 v10.indd 46
concern, disclosing, as applicable, matters related to
going concern and using the going concern
basis of accounting unless the board either intend
to liquidate the group or the Associations or to
cease operations, or have no realistic alternative but
to do so.
AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF
THE FINANCIAL STATEMENTS
Our objectives are to obtain reasonable assurance
about whether the financial statements as a whole
are free from material misstatement, whether due
to fraud or error, and to issue an auditor’s report
that includes our opinion. Reasonable assurance is
a high level of assurance but is not a guarantee that
an audit conducted in accordance with ISAs (UK)
will always detect a material misstatement when it
exists.
Misstatements can arise from fraud or error and
are considered material if, individually or in the
aggregate, they could reasonably be expected to
influence the economic decisions of users taken on
the basis of these financial statements.
A further description of our responsibilities for the
audit of the financial statements is located on the
Financial Reporting Council’s website at:
www.frc.org.uk/auditorsresponsibilities. This
description forms part of our auditor’s report.
USE OF OUR REPORT
This report is made solely to the members of the
Association, as a body, in accordance with the
Housing and Regeneration Act 2008 and the
Co-operative and Community Benefit Societies
Act 2014. Our audit work has been undertaken so
that we might state to the Association’s members
those matters we are required to state to them in
an auditor’s report and for no other purpose. To the
fullest extent permitted by law, we do not accept
or assume responsibility to anyone other than the
Association and the members as a body, for our
audit work, for this report, or for the opinions we
have formed.
10/11/2020 13:35
10/11/2020 13:35