Page 104 - Beeks Financial Cloud Group Annual Report 2021

102 Beeks Financial Cloud Group PLC For the year ended 30 June 2021

Independent Auditors’ Report to the members of Beeks Financial Cloud PLC

Independent

Auditors’ Report

MATTER ON WHICH WE ARE preparation of the parent company misstatement when it exists.
REQUIRED TO REPORT UNDER financial statements and for being Misstatements can arise from
THE COMPANIES ACT 2006 satisfied that they give a true and fair fraud or error and are considered
In the light of the knowledge and view, and for such internal control as material if, individually or in the
understanding of the parent the directors determine is necessary aggregate, they could reasonably
company and its environment to enable the preparation of parent be expected to influence the
obtained in the course of the audit, company financial statements that economic decisions of users
we have not identified material are free from material misstatement, taken on the basis of these parent
misstatements in the strategic report whether due to fraud or error. company financial statements.
or the directors’ report.
In preparing the parent company A further description of our
MATTERS ON WHICH WE financial statements, the directors responsibilities for the audit of
ARE REQUIRED TO REPORT are responsible for assessing the parent company financial
BY EXCEPTION the parent company’s ability to statements is located on the
We have nothing to report in respect continue as a going concern, Financial Reporting Council’s
of the following matters in relation disclosing, as applicable, matters website at: www.frc.org.uk/
to which the Companies Act 2006 related to going concern and auditorsresponsibilities. This
FINANCE
requires us to report to you if, in our using the going concern basis of description forms part of our
opinion: accounting unless the directors auditor’s report.
/ adequate accounting records either intend to liquidate the parent
have not been kept by the parent company or to cease operations, EXPLANATION AS TO WHAT
company, or returns adequate for or have no realistic alternative but EXTENT THE AUDIT WAS
our audit have not been received to do so. CONSIDERED CAPABLE OF
from branches not visited by us; or DETECTING IRREGULARITIES,
/ the parent company financial AUDITOR’S RESPONSIBILITIES INCLUDING FRAUD
statements are not in agreement FOR THE AUDIT OF THE Irregularities, including fraud, are
with the accounting records and PARENT COMPANY FINANCIAL instances of non-compliance
returns; or STATEMENTS with laws and regulations. We
/ certain disclosures of directors’ Our objectives are to obtain design procedures in line with our
remuneration specified by law are reasonable assurance about responsibilities, outlined above, to
not made; or whether the parent company detect material misstatements in
/ we have not received all the financial statements as a respect of irregularities, including
information and explanations we whole are free from material fraud. Owing to the inherent
require for our audit. misstatement, whether due to limitations of an audit, there is
fraud or error, and to issue an an unavoidable risk that material
RESPONSIBILITIES OF DIRECTORS auditor’s report that includes our misstatements in the financial
FOR THE PARENT COMPANY opinion. Reasonable assurance statements may not be detected,
FINANCIAL STATEMENTS is a high level of assurance but even though the audit is properly
As explained more fully in the is not a guarantee that an audit planned and performed in
directors’ responsibilities statement, conducted in accordance with ISAs accordance with the ISAs (UK).
the directors are responsible for the (UK) will always detect a material