Occupational Therapy News OTnews April 2019 | Page 56

REPORT AUDITOR'S REPORT
INDEPENDENT AUDITOR’S REPORT TO MEMBERS OF THE BRITISH ASSOCIATION OF
OCCUPATIONAL THERAPISTS LTD
Opinion
We have audited the financial statements of the British
Association of Occupational Therapists (“the parent
company”) and its subsidiaries (“the group”) for the
year ended 30 September 2018, which comprise of
the consolidated income and expenditure account,
consolidated and parent company balance sheet,
consolidated 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:
• give a true and fair view of the state of the group’s and
of the parent company’s affairs as at 30 September
2018 and of the group’s loss for the year then ended;
• have been properly prepared in accordance with
United Kingdom Generally Accepted Accounting
Practice; and
• have been prepared in accordance with the
requirements of the Companies Act 2006 and
in accordance with the Trade Union and Labour
Relations (Consolidation) Act 1992.
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 group and the parent company
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:
• the directors’ use of the going concern basis
of accounting in the preparation of the financial
statements is not appropriate; or
56 OTnews April 2019
• the directors have not disclosed in the financial
statements any identified material uncertainties that
may cast significant doubt about the group or the
parent company’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 directors are responsible for the other information.
The other information comprises the information included
in the annual report of Council, other than the financial
statements and our auditor’s report thereon. Our opinion
on the financial statements does not cover the other
information and, except to the extent otherwise explicitly
stated in our report, 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 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.
Opinions on other matters prescribed by the
Companies Act 2006
In our opinion, based on the work undertaken in the
course of the audit:
• the information given in the Report of Council
(incorporating the Group Strategic Report) for the
financial year for which the financial statements are
prepared is consistent with the financial statements;
and
• the Report of Council has been prepared in
accordance with applicable legal requirements.
Matters on which we are required to report by
exception
In the light of the knowledge and understanding of the
group and the parent company and its environment
obtained in the course of the audit, we have not identified
material misstatements in the Report of Council.