b'FORGING TRANSFORMATION. FOSTERING SUSTAINABILITY. INDEPENDENT AUDITORS REPORTON SPECIAL PURPOSE FINANCIAL STATEMENTS TO THE DIRECTORS OFTHE NATIONAL INSURANCE BOARD OF TRINIDAD AND TOBAGOREPORT ON THE AUDIT OF THE SPECIAL PURPOSE FINANCIAL STATEMENTSOur OpinionWe have audited the special purpose financial statements of The National Insurance Board of Trinidad and Tobago (the Board), which comprise the statement of financial position as at 30 June 2018, and the statement of comprehensive income, statement of cash flows and the statement of changes in funds for the year then ended and, notes to the special purpose financial statements, including a summary of significant accounting policies.In our opinion, the accompanying special purpose financial statements present fairly, in all material respects, the financial position of the Board as at 30 June 2018 and its financial performance and its cash flows for the year then ended in accordance with the financial reporting provisions of The National Insurance Act. Other MatterThe special purpose financial statements of The National Insurance Board of Trinidad and Tobago for the year ended 30 June 2017, were audited by another auditor who expressed an unqualified opinion on those statements on 31 October 2017.Basis for OpinionWe conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditors Responsibilities for the Audit of the Special Purpose Financial Statements section of our report. We are independent of the Board in accordance with the International Ethics Standards Board for Accountants Code of Ethics for Professional Accountants (IESBA Code), and we have fulfilled our other ethical responsibilities in accordance with the IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.Emphasis of MatterBasis of Accounting and Restriction on Distribution and UseWe draw attention to Note 4 of the special purpose financial statements, which describes the basis of accounting. The special purpose financial statements are prepared to assist the Finance Minister of the Government of Trinidad and Tobago in meeting their reporting requirements under the National Insurance Act. As a result, the special purpose financial statements may not be suitable for another purpose. Our report is intended solely for the Government of Trinidad and Tobago, and may be made available to the Inspector of Financial Institutions of the Central Bank of Trinidad and Tobago and should not be distributed to or used by parties other than those stipulated. Our opinion is not modified in respect of this matter.Other Information Included in the Boards 2018 Annual ReportOther information consists of the information included in the Boards 2018 Annual Report, other than the special purpose financial statements and our auditors report thereon. Management is responsible for the other information. The Boards 2018 Annual Report is expected to be made available to us after the date of this auditors report.Our opinion on the special purpose financial statements does not cover the other information and we will not express any form of assurance conclusion thereon.In connection with our audit of the special purpose 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 special purpose financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. 33'