Page 164 - 香港房屋協會 Hong Kong Housing Society Annual Report 2020/2021

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HONG KONG HOUSING SOCIETY ANNUAL REPORT 2020/21
Key audit matters (continued)
How our audit addressed the key audit matter
In evaluating management’s impairment assessment, we involved our valuation specialists to assist us in evaluating the valuation methodology and key parameters, including the discount rate, prepared by management of the Housing Society, on a sample basis. Our procedures also included assessment of the key assumptions such as the budgeted rental price, growth rate and estimated construction costs to complete based on our knowledge of the business and development plan of the Housing Society.
We also assessed the adequacy of the related disclosures in the notes to the financial statements.
Other information included in the Annual Report
The Supervisory Board and Executive Committee members are responsible for the other information. The 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 and 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, 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.
關鍵審計事項(續)
該事項在我們審計中是如何應對的
在評估管理層的減值評估時，我們邀請我們 的估值專家協助我們以抽樣方式評估由房屋 協會管理層編制的估值方法和關鍵參數，包 括折現率。我們的程序亦包括根據我們對房 屋協會業務及發展計劃的認識評估主要假 設，例如預算租金，增長率及估計建築成本。
我們也評估了財務報表附註中相關披露的充 分性。
刊載於年度報告內其他信息
監事會及執行委員會委員需對其他信息負 責。其他信息包括刊載於年度報告內的信 息，但不包括財務報表及我們的核數師報告。
我們對財務報表的意見並不涵蓋其他信息， 我們亦不對該等其他信息發表任何形式的鑒 證結論。
結合我們對財務報表的審計，我們的責任是 閱讀其他信息，在此過程中，考慮其他信息 是否與財務報表或我們在審計過程中所了解 的情況存在重大抵觸或者似乎存在重大錯誤 陳述的情況。基於我們已執行的工作，如果 我們認為其他信息存在重大錯誤陳述，我們 需要報告該事實。在這方面，我們沒有任何 報告。