NWG Annual Report 2019 - EN NWG Annual Report 2019 - EN | Page 128
NWG // FINANCIAL INFORMATION
Other information than the annual
accounts and consolidated accounts
This document also contains other information than
the annual accounts and consolidated accounts and
is found on pages 2-56 and 131-135. The Board of
Directors and the CEO are responsible for this other
information.
Our opinion on the annual accounts and consoli-
dated accounts does not cover this other information
and we do not express any form of assurance conclusion
regarding this other information.
In connection with our audit of the annual
accounts and consolidated accounts, our respon-
sibility is to read the information identified above
and consider whether the information is materially
inconsistent with the annual accounts and consoli-
dated accounts. In this procedure we also take into
account our knowledge otherwise obtained in the
audit and assess whether the information otherwise
appears to be materially misstated.
If we, based on the work performed concerning this
information, conclude that there is a material miss-
tatement of this other information, we are required
to report that fact. We have nothing to report in this
regard.
Responsibilities of the Board of Directors
and the CEO
The Board of Directors and the CEO are respon-
sible for the preparation of the annual accounts and
consolidated accounts and that they give a fair presen-
tation in accordance with the Annual Accounts Act
and, concerning the consolidated accounts, in accor-
dance with IFRS as adopted by the EU. The Board
of Directors and the CEO are also responsible for
such internal control as they determine is necessary
to enable the preparation of annual accounts and
consolidated accounts that are free from material
misstatement, whether due to fraud or error.
In preparing the annual accounts and consoli-
dated accounts, The Board of Directors and the CEO
are responsible for the assessment of the Company’s
and the Group’s
ability to continue as a going concern. They
disclose, as applicable, matters related to going concern
and using the going concern basis of accounting. The
going concern basis of accounting is however not
applied if the Board of Directors and the CEO intends
to liquidate the Company, to cease operations,
128 // ANNUAL REPORT
or has no realistic alternative but to do so.
The Audit Committee shall, without prejudice to
the Board of Director’s responsibilities and tasks in
general, among other things oversee the Company’s
financial reporting process.
Auditor’s responsibility
Our objectives are to obtain reasonable assurance
about whether the annual accounts and consolidated
accounts as a whole are free from material misstate-
ment, whether due to fraud or error, and to issue an
auditor’s report that includes our opinions. Reasonable
assurance is a high level of assurance, but is not a
guarantee that an audit conducted in accordance with
ISAs and generally accepted auditing standards in
Sweden will always detect a material misstatement
when it exists. Misstatements can arise from fraud or
error and are considered material if, individually or
in the aggregate, they could reasonably be expected
to influence the economic decisions of users taken on
the basis of these annual accounts and consolidated
accounts.
As part of an audit in accordance with ISAs, we
exercise professional judgment and maintain profes-
sional skepticism throughout the audit. We also:
# # Identify and assess the risks of material
misstatement of the annual accounts and
consolidated accounts, whether due to fraud
or error, design and perform audit procedures
responsive to those risks, and obtain audit
evidence that is sufficient and appropriate to
provide a basis for our opinions. The risk of not
detecting a material misstatement resulting
from fraud is higher than for one resulting
from error, as fraud may involve collusion,
forgery, intentional omissions, misrepresenta-
tions, or the override of internal control
# # Obtain an understanding of the Company’s
internal control relevant to our audit in order
to design audit procedures that are appro-
priate in the circumstances, but not for the
purpose of expressing an opinion on the effecti-
veness of the Company’s internal control.
# # Evaluate the appropriateness of accounting
policies used and the reasonableness of
accounting estimates and related disclosures
made by the Board of Directors and the CEO