Page 70 - Annual Report

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ෂॆ 'BY
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INDEPENDENT AUDITOR’S REPORT TO THE COUNCIL OF ཥ༑ .BJO
HONG KONG ACADEMY OF MEDICINE ෂॆ 'BY
࠰ಥᔼኪਖ਼߅ኪ৫ XXX DSPXF IL
INDEPENDENT AUDITOR’S REPORT TO THE COUNCIL OF
(Established in Hong Kong)
HONG KONG ACADEMY OF MEDICINE

࠰ಥᔼኪਖ਼߅ኪ৫

(Established in Hong Kong)

Opinion

We have audited the consolidated financial statements of Hong Kong Academy of Medicine (“the

Opinion
Academy”) and its structured entity, The Hong Kong Academy of Medicine Foundation Fund (collectively

“the Group”) set out on pages 4 to 33, which comprise the consolidated statement of financial position as
We have audited the consolidated financial statements of Hong Kong Academy of Medicine (“the
at 31 December 2023, the consolidated statement of income and expenditure, the consolidated statement
Academy”) and its structured entity, The Hong Kong Academy of Medicine Foundation Fund (collectively
of income and expenditure and other comprehensive income, the consolidated statement of changes in
“the Group”) set out on pages 4 to 33, which comprise the consolidated statement of financial position as
reserve and funds and the consolidated statement of cash flows for the year then ended, and notes to the
at 31 December 2023, the consolidated statement of income and expenditure, the consolidated statement
consolidated financial statements, including material accounting policy information.
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
In our opinion, the consolidated financial statements give a true and fair view of the consolidated financial
consolidated financial statements, including material accounting policy information.
position of the Group as at 31 December 2023, and of its consolidated financial performance and its

consolidated cash flows for the year then ended in accordance with Hong Kong Financial Reporting
In our opinion, the consolidated financial statements give a true and fair view of the consolidated financial
Standards (“HKFRSs”) issued by the Hong Kong Institute of Certified Public Accountants (“HKICPA”) and
position of the Group as at 31 December 2023, and of its consolidated financial performance and its
have been properly prepared in compliance with the Hong Kong Academy of Medicine Ordinance.
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

Basis for opinion
have been properly prepared in compliance with the Hong Kong Academy of Medicine Ordinance.

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

Other information
evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

The council members of the Academy are responsible for the other information. The other information
Other information
comprises all the information included in the annual report, other than the consolidated financial

statements and our auditor’s report thereon.
The council members of the Academy are responsible for the other information. The other information

comprises all the information included in the annual report, other than the consolidated financial
Our opinion on the consolidated financial statements does not cover the other information and we do not
statements and our auditor’s report thereon.
express any form of assurance conclusion thereon.

Our opinion on the consolidated financial statements does not cover the other information and we do not
In connection with our audit of the consolidated financial statements, our responsibility is to read the other
express any form of assurance conclusion thereon.
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
In connection with our audit of the consolidated financial statements, our responsibility is to read the other
materially misstated.
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
If, based on the work we have performed, we conclude that there is a material misstatement of this other
materially misstated.
information, we are required to report that fact. We have nothing to report in this regard.

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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68 HKAM Annual Report 2024