INDEPENDENT AUDITORS’ REPORT
TO THE PROFESSIONAL INSURANCE BROKERS ASSOCIATION
ON APPLICATION REQUIREMENTS OF THE MEMBERSHIP
We have performed the audit on the accompanying management report (the Managenent Report”) of ABCD Limited (previously known as EFG Limited’) (the "Company”) as at DD MMMM YYYY to confirm that the Paid-up Share Capital shown in the Management report is amounted to HK$500,000 and Net Asset Value shown in the Management report have been maintained by the Company not less than HK$200,000.
Respective responsibilities of management and auditors
You are responsible for preparing the Management report in accordance with the Hong Kong Financial Reporting Standards issued by the Hong Kong Institute of Certified Public Accountants ("HKICPA”).
It is our responsibility to form an independent opinion on the Management report based on our engagement. and to report our opinion to you.
We conducted our audit in accordance with Hong Kong Standard on Auditing 800 issued by the HKICPA. This Standard requires that we plan and perform the audit to obtain reasonable assurance about whether the Management report is free of material misstatement. An audit includes examining. on a test basis, evidence supporting the amounts and disclosures in the Management report. An audit also includes assessing the accounting principles used and significant estimates made by the management, as well as evaluating the overall presentation of the Management report. We believe that our audit provides a reasonable basis for our opinion.
Based on the foregoing, in our opinion, the Paid-up Share Capital shown in the Management report is amounted to HK$500,000 and Net Asset Value shown in the Management report have been maintained by the Company not less HK$200,000 as at DD MMMM YYYY.