Page 57 - Beeks Financial Cloud Group Annual Report 2021

Beeks Financial Cloud Group PLC
Independent Auditors’ Report to the members of Beeks Financial Cloud Group PLC For the year ended 30 June 2021

Act 2006 requires us to report AUDITOR’S RESPONSIBILITIES with laws and regulations. We
to you if, in our opinion: FOR THE AUDIT OF THE GROUP design procedures in line with our
certain disclosures of directors’ FINANCIAL STATEMENTS. responsibilities, outlined above, to
remuneration specified by law Our objectives are to obtain detect material misstatements in
are not made; or we have not reasonable assurance about respect of irregularities, including
received all the information and whether The Group financial fraud. Owing to the inherent
explanations we require for statements as a whole are free limitations of an audit, there is
our audit. from material misstatement, an unavoidable risk that material
whether due to fraud or error, misstatements in the financial
RESPONSIBILITIES OF DIRECTORS and to issue an auditor’s report statements may not be detected, GOVERNANCE
FOR THE GROUP FINANCIAL that includes our opinion. even though the audit is properly
STATEMENTS Reasonable assurance is a high planned and performed in
As explained more fully in the level of assurance, but is not a accordance with the ISAs (UK).
directors’ responsibilities statement, guarantee that an audit conducted
the directors are responsible for the in accordance with ISAs (UK) The extent to which our
preparation of The Group financial will always detect a material procedures are capable of
statements and for being satisfied misstatement when it exists. detecting irregularities, including
that they give a true and fair view, Misstatements can arise from fraud is detailed below:
and for such internal control as the fraud or error and are considered / We obtained an understanding
directors determine is necessary material if, individually or in the of the legal and regulatory
to enable the preparation of group aggregate, they could reasonably frameworks applicable to
financial statements that are be expected to influence the The Group and the industry
free from material misstatement, economic decisions of users in which it operates through
whether due to fraud or error. taken on the basis of these group our general commercial
financial statements. and sector experience. We
In preparing The Group financial determined the following
statements, the directors are A further description of our laws and regulations were
responsible for assessing The responsibilities for the audit most significant: international
Group’s ability to continue as of the financial statements is accounting standards in
a going concern, disclosing, as located on the Financial Reporting conformity with the requirements
applicable, matters related to Council’s website at: www.frc. of the Companies Act 2006, the
going concern and using the org.uk/auditorsresponsibilities. Companies Act 2006 and the
going concern basis of accounting This description forms part of our Quoted Companies Alliance
unless the directors either intend auditor’s report. (QCA) Corporate Governance
to liquidate The Group or to cease Code. In addition, we concluded
operations, or have no realistic Explanation as to what extent the that there are certain sector laws
alternative but to do so. audit was considered capable of and regulations that may impact
detecting irregularities, including the financial statements, namely
fraud GDPR regulations and Information
Irregularities, including fraud, are Security Management System
instances of non-compliance (ISMS) Standards;
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