Page 49 - 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

/ We performed a retrospective Brexit, we assessed and challenged directors’ use of the going
review of management’s the reasonableness of estimates concern basis of accounting in
forecasts by comparing the made by the directors and the the preparation of the financial
forecasts to actuals in the related disclosures and analysed statements is appropriate.
previous two financial years to how those risks might affect The
determine the accuracy of prior Group’s financial resources or ability The responsibilities of the directors
year assessments. We also to continue operations over the with respect to going concern are
compared actual results to date going concern period. described in the ‘Responsibilities
to the forecasts; and of directors for The Group financial
/ We assessed the adequacy Based on the work we have statements’ section of this report. GOVERNANCE
of the disclosures in the financial performed, we have not identified
statements, including the impact any material uncertainties relating to
of the disclosed post balance events or conditions that, individually
sheet event to the going or collectively, may cast significant
concern model. doubt on The Group’s ability to
continue as a going concern for a
In our evaluation of the directors’ period of at least twelve months from
conclusions, we considered the when the financial statements are
inherent risks associated with the authorised for issue.
group’s business model including
effects arising from macro-economic In auditing the financial statements,
uncertainties such as Covid-19 and we have concluded that the

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