. 75
ANNUAL
REPORT
20 1 7
THE BE ST
I N US
Auditor’s responsibilities for theauditof the financial statements
Our objectives are toobtain reasonableassuranceaboutwhether the financial statements as awholeare free from
material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance
with SSAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error
and are consideredmaterial if, individuallyor in the aggregate, they could reasonably beexpected to influence the
economicdecisions of users takenon thebasis of these financial statements.
As part of an audit in accordance with SSAs, we exercise professional judgement and maintain professional
skepticism throughout the audit.We also:
•
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud
or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is
sufficientandappropriate toprovideabasis forouropinion.The riskofnotdetectingamaterialmisstatement
resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery,
intentional omissions,misrepresentations, or theoverrideof internal control.
•
Obtainanunderstandingof internal control relevant to theaudit inorder todesignaudit procedures that are
appropriate in the circumstances, but not for the purpose of expressing anopinionon the effectiveness of
theGroup’s internal control.
•
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates
and relateddisclosuresmadebymanagement.
•
Conclude on the appropriateness of management’s use of the going concern basis of accounting and,
basedon the audit evidenceobtained, whether amaterial uncertainty exists related to events or conditions
thatmay cast significant doubt on theGroup’s ability tocontinue as agoingconcern. Ifweconclude that a
material uncertaintyexists,weare required todrawattention inourauditor’s report to the relateddisclosures
in the financial statements or, if such disclosures are inadequate, tomodify our opinion. Our conclusions
are basedon the audit evidence obtained up to the date of our auditor’s report. However, future events or
conditionsmay cause theGroup tocease tocontinue as agoingconcern.
•
Evaluate theoverallpresentation, structureandcontentof the financial statements, including thedisclosures,
and whether the financial statements represent the underlying transactions and events in a manner that
achieves fair presentation.
•
Obtain sufficient appropriate audit evidence regarding the financial informationof the entities or business
activities within the Group to express an opinion on the consolidated financial statements. We are
responsible for thedirection, supervisionandperformanceof thegroupaudit.We remain solely responsible
for our audit opinion.
Wecommunicatewith thedirectors regarding, amongothermatters, theplanned scopeand timingof theaudit and
significant audit findings, including any significant deficiencies in internal control thatwe identifyduringour audit.
Wealsoprovide thedirectorswitha statement thatwehavecompliedwith relevant ethical requirements regarding
independence, and tocommunicatewith them all relationships andothermatters thatmay reasonablybe thought
tobear onour independence, andwhere applicable, related safeguards.
INDEPENDENT
AUDITOR’SREPORT
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017
