Page 57 - Annual Report

INDEPENDENT AUDITOR’S REPORT TO THE COUNCIL OF
HONG KONG ACADEMY OF MEDICINE
香港醫學專科學院
(Established in Hong Kong)

Opinion

We have audited the financial statements of Hong Kong Academy of Medicine (“the Academy”) and its
structured entity, The Hong Kong Academy of Medicine Foundation Fund (collectively “the Group”) set out
on pages 4 to 35, which comprise the consolidated statement of financial position as at 31 December 2020,
the consolidated statement of income and expenditure, the consolidated statement of income and
expenditure and other comprehensive income, the consolidated statement of changes in reserve and
funds and the consolidated statement of cash flows for the year then ended, and notes to the consolidated
financial statements, including a summary of significant accounting policies.

In our opinion, the consolidated financial statements give a true and fair view of the consolidated financial
position of the Group as at 31 December 2020, and of its consolidated financial performance and its
consolidated cash flows for the year then ended in accordance with Hong Kong Financial Reporting
Standards (“HKFRSs”) issued by the Hong Kong Institute of Certified Public Accountants (“HKICPA”) and
have been properly prepared in compliance with the Hong Kong Academy of Medicine Ordinance.

Basis for opinion

We conducted our audit in accordance with Hong Kong Standards on Auditing (“HKSAs”) issued by the
HKICPA. Our responsibilities under those standards are further described in the Auditor’s responsibilities
for the audit of the consolidated financial statements section of our report. We are independent of the
Group in accordance with the HKICPA’s Code of Ethics for Professional Accountants (“the Code”), and we
have fulfilled our other ethical responsibilities in accordance with the Code. We believe that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Information other than the consolidated financial statements and auditor’s report thereon

The council members are responsible for the other information. The other information comprises all the
information included in the annual report, other than the consolidated financial statements and our
auditor’s report thereon.

Our opinion on the consolidated financial statements does not cover the other information and we do not
express any form of assurance conclusion thereon.

In connection with our audit of the consolidated financial statements, our responsibility is to read the other
information and, in doing so, consider whether the other information is materially inconsistent with the
consolidated financial statements or our knowledge obtained in the audit or otherwise appears to be
materially misstated.

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.

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香港醫學專科學院 2021 年度報告 55