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Independent Auditor%u2019s Reportto the Members of SECURITIES INVESTORS ASSOCIATION (SINGAPORE)Report on the audit of the financial statementsOpinionWe have audited the accompanying financial statements of Securities Investors Association (Singapore) (the %u201cassociation%u201d), which comprise the statement of financial position as at 30 June 2024, and the statement of financial activities and statement of cash flows for the reporting year then ended, and notes to the financial statements, including material accounting policy information.In our opinion, the accompanying financial statements are properly drawn up in accordance with the provisions of the Societies Act 1966 and Regulations (%u201cthe Societies Act and Regulations%u201d), the Charities Act 1994 and relevant regulations (%u201cthe Charities Act and Regulations%u201d), and the Financial Reporting Standards (%u201cFRS%u201d) so as to present fairly, in all material respects, the state of affairs of the association as at 30 June 2024 and the results, changes in funds and cash flows of the association for the reporting year ended on that date.Basis for opinionWe conducted our audit in accordance with Singapore Standards on Auditing (%u201cSSAs%u201d). Our responsibilities under those standards are further described in the auditor%u2019s responsibilities for the audit of the financial statements section of our report. We are independent of the association in accordance with the Accounting and Corporate Regulatory Authority (%u201cACRA%u201d) Code of Professional Conduct and Ethics for Public Accountants and Accounting Entities (%u201cACRA Code%u201d) together with the ethical requirements that are relevant to our audit of the financial statements in Singapore, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ACRA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.Other informationManagement is responsible for the other information. The other information comprises the information included in the statement by the Management Committee and the annual report, but does not include the financial statements and our auditor%u2019s 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 identified above when it becomes available 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.Responsibilities of management and those charged with governance for the financial statementsManagement is responsible for the preparation and fair presentation of the financial statements in accordance with the provisions of the Societies Act and Regulations, the Charities Act and Regulations and FRS, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.7825TH ANNUAL REPORT | 2023 - 2024