NWG Annual Report 2019 - EN NWG Annual Report 2019 - EN | Page 129

NWG // FINANCIAL INFORMATION
# # Conclude on the appropriateness of the Board
of Directors’ and the CEO’s use of the going
concern basis of accounting in preparing the
annual accounts and consolidated accounts.
We also draw a conclusion, based on the audit
evidence obtained, as to whether any material
uncertainty exists related to events or condi-
tions that may cast significant doubt on the
Company’s and the Group’s ability to continue
as a going concern. If we conclude that a
material uncertainty exists, we are required
to draw attention in our auditor’s report to
the related disclosures in the annual accounts
and consolidated accounts or, if such disclo-
sures 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 conso-
lidated accounts, including the disclosures,
and whether the annual accounts and conso-
lidated 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 conso-
lidated 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 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 commu-
nicate with them all relationships and other matters
that may reasonably be thought to bear on our inde-
pendence, 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 admi-
nistration of the Board of Directors and the CEO of
New Wave Group AB (publ) for the year 2019 and the
proposed appropriations of the Company’s profit or
loss.
We recommend to the general meeting of share-
holders that the profit be appropriated (loss be dealt
with) 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 gene-
rally 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
ANNUAL REPORT // 129