NWG // FINANCIAL INFORMATION
such disclosures are inadequate , to modify our opinion about the annual accounts and consolidated accounts . Our conclusions are based on the audit evidence obtained up to the date of our auditor ’ s report . However , future events or conditions may cause a company and a group to cease to continue as a going concern .
# Evaluate the overall presentation , structure and content of the annual accounts and consolidated accounts , including the disclosures , and whether the annual accounts and consolidated accounts represent the underlying transactions and events in a manner that achieves fair presentation .
# Obtain sufficient and appropriate audit evidence regarding the financial information of the entities or business activities within the group to express an opinion on the consolidated accounts . We are responsible for the direction , supervision and performance of the group audit . We remain solely responsible for our opinions .
We must inform the Board of Directors of , among other matters , the planned scope and timing of the audit . We must also inform of significant audit findings during our audit , including any significant deficiencies in internal control that we identified .
We must also provide the Board of Directors with a statement that we have complied with relevant ethical requirements regarding independence , and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence , and where applicable , related safeguards .
From the matters communicated with the Board of Directors , we determine those matters that were of most significance in the audit of the annual accounts and consolidated accounts , including the most important assessed risks for material misstatement , and are therefore the key audit matters . We describe these matters in the auditor ’ s report unless law or regulation precludes disclosure about the matter .
Report on other legal and regulatory requirements
Opinions
In addition to our audit of the annual accounts and consolidated accounts , we have also audited the administration of the Board of Directors and the
CEO of New Wave Group AB ( publ ) for the year 2020 and the proposed appropriations of the Company ’ s profit or loss .
We recommend to the general meeting of shareholders that the profit be appropriated in accordance with the proposal in the statutory administration report and that the members of the Board of Directors and the CEO be discharged from liability for the financial year .
Basis for opinions
We conducted the audit in accordance with generally accepted auditing standards in Sweden . Our responsibilities under those standards are further described in the Auditor ’ s Responsibilities section . We are independent of the Parent company and the Group in accordance with professional ethics for accountants in Sweden and have otherwise fulfilled our ethical responsibilities in accordance with these requirements .
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinions .
Responsibilities of the Board of Directors and the CEO
The Board of Directors is responsible for the proposal for appropriations of the Company ’ s profit or loss . At the proposal of a dividend , this includes an assessment of whether the dividend is justifiable considering the requirements which the Company ' s and the Group ’ s type of operations , size and risks place on the size of the Parent company ' s and the Group ’ s equity , consolidation requirements , liquidity and position in general .
The Board of Directors is responsible for the Company ’ s organization and the administration of the Company ’ s affairs . This includes among other things continuous assessment of the Company ’ s and the Group ’ s financial situation and ensuring that the Company ' s organization is designed so that the accounting , management of assets and the Company ’ s financial affairs otherwise are controlled in a reassuring manner . The CEO shall manage the ongoing administration according to the Board of Directors ’ guidelines and instructions and among other matters take measures that are necessary to fulfill the Company ’ s accounting in accordance with law and handle the management of assets in a reassuring manner .
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