Page 56 - Beeks Financial Cloud Group Annual Report 2021

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

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

Independent

Auditors’ Report

Type of work to be performed on profit position. There are no other misstatement of this other
financial information of parent and material changes in the scope of information, we are required to
other components (including how it the current year from the scope report that fact.
addressed the key audit matters) of the prior year.
/ audit of the financial information We have nothing to report in
of the component using OTHER INFORMATION this regard.
component materiality (full-scope The directors are responsible
audit) for Beeks Financial Cloud for the other information. The Our opinion on other matters
Group PLC and Beeks Financial other information comprises the prescribed by the Companies
Cloud Limited; information included in the annual Act 2006 is unmodified
/ audit of one or more account report, other than the financial In our opinion, based on the
GOVERNANCE
balances, classes of transactions statements and our auditor’s work undertaken in the course
or disclosures of the component report thereon. Our opinion on of the audit: the information
(specific-scope audit) for the financial statements does not given in the strategic report
Velocimetrics Limited and Beeks cover the other information and, and the directors’ report for the
FX VPS USA Inc.; except to the extent otherwise financial year for which The Group
/ analytical procedures at group explicitly stated in our report, we do financial statements are prepared
level (analytical procedures) for not express any form of assurance is consistent with The Group
Beeks Financial Cloud Co. Ltd and conclusion thereon. financial statements; and the
Velocimetrics Inc; strategic report and the directors’
/ no component auditors were In connection with our audit of report have been prepared in
utilised throughout this audit, all The Group financial statements, accordance with applicable
work was performed by The Group our responsibility is to read legal requirements.
engagement team. the other information and, in
doing so, consider whether the MATTER ON WHICH WE ARE
Performance of our audit other information is materially REQUIRED TO REPORT UNDER THE
/ an interim visit was undertaken inconsistent with The Group COMPANIES ACT 2006
to perform specific procedures financial statements or our In the light of the knowledge
on the equity raises completed to knowledge obtained in the and understanding of The Group
December and the re-finance in audit or otherwise appears and its environment obtained in
the year; to be materially misstated. the course of the audit, we have
/ the year-end audit was If we identify such material not identified material
undertaken remotely. inconsistencies or apparent misstatements in the strategic
material misstatements, we are report or the directors’ report.
Changes in approach from required to determine whether
previous year there is a material misstatement MATTERS ON WHICH WE
/ In the current year, specific of The Group financial statements ARE REQUIRED TO REPORT
audit procedures were performed or a material misstatement of the BY EXCEPTION
at a USA component level due other information. If, based on We have nothing to report in
to the high percentage of losses the work we have performed, we respect of the following matters in
making up the closing group conclude that there is a material relation to which the Companies