to the members xx company limited
(a joint stock company incorporated in the xx with limited liability)
we have audited the financial statements on pages 58 to 108 which have been prepared in accordance with accounting principles generally accepted in hong kong.
respective responsibilities of directors and auditorsthe company’s directors are responsible for the preparation of financial statements which give a true and fair view. in preparing financial statements which give a true and fair view it is fundamental that appropriate accounting policies are selected and applied consistently. it is our responsibility to form an ndependent opinion, based on our audit, on those financial statements and to report our opinion solely to you, as a body, and for no other purpose. we do not assume responsibility towards or accept liability to any other person for the contents of this report.
basis of opinion
we conducted our audit in accordance with statements of auditing standards issued by the hong kong society of accountants. an audit includes an examination, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements. it also includes an assessment of the significant estimates and judgments made by the directors in the preparation of the financial tatements, and of whether the accounting policies are appropriate to the company’s circumstances, consistently applied and adequately disclosed.
we planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance as to whether the financial statements are free from material misstatement. in forming our opinion we also evaluated the overall adequacy of the presentation of information in the financial statements. we believe that our audit provides a reasonable basis for our opinion.
in our opinion the financial statements give a true and fair view of the state of affairs of the company as at xx and of the profit and cash flows of the company for the period from xx (date of incorporation of the company) to xx and have been properly prepared in accordance with the disclosure requirements of the hong kong companies ordinance.