34 | Accord Housing Association
Independent Auditor ’ s Report To The Members Of Accord Housing Association Limited
Opinion We have audited the financial statements of Accord Housing Association (“ the Association ”) for the year ended 31 March 2020 which comprise the Association statement of comprehensive income , the Association statement of financial position , the Association statement of changes in equity , the cash flow statement and notes to the financial statements , including a summary of significant accounting policies . The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards , including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland ( United Kingdom Generally Accepted Accounting Practice ).
In our opinion , the financial statements :
n Give a true and fair view of the state of the Association ’ s affairs as at 31 March 2020 and of the Association ’ s surplus for the year then ended ;
n Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice ; and
n Have been properly prepared in accordance with the requirements of the Co-operative and Community Benefit Society Act 2014 , the Housing and Regeneration Act 2008 and the Accounting Direction for Private Registered Providers of Social Housing 2019 .
Basis for opinion We conducted our audit in accordance with International Standards on Auditing ( UK ) (“ ISAs ( UK )”) and applicable law . Our responsibilities under those standards are further described in the Auditor ’ s responsibilities for the audit of the financial statements section of our report . We are independent of the Association in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK , including the FRC ’ s Ethical Standard , and we have fulfilled our other ethical responsibilities in accordance with these requirements . We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion .
Conclusions relating to going concern We have nothing to report in respect of the following matters in relation to which the ISAs ( UK ) require us to report to you where :
n The Board Members use of the going concern basis of accounting in the preparation of the financial statements is not appropriate ; or
n The Board Members have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the Association ’ s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue .
Other information The Board are responsible for the other information . Other information comprises the information included in the annual report , other than the financial statements and our auditor ’ s report thereon . Our opinion on the financial statements does not cover the other information we do not express any form of assurance conclusion thereon .
In connection with our audit of the financial statements , our responsibility is to read the other information including the Report of the Board and Operating Financial Review and , in doing so , consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise 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 .