Statutory Audit Report and Auditors’ Report
d) conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the
audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant
doubt on 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 financial statements or, if such
disclosures are inadequate, to modify our opinion. 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 the Group to cease to continue as a going
concern;
e) evaluate the overall presentation, structure and content of the consolidated financial statements, including the
disclosures, and whether the financial statements represent the underlying transactions and events in a manner that
achieves fair presentation;
f) obtain sufficient appropriate audit evidence regarding the financial information of the entities or business
activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the
direction, supervision and performance of the Group audit. We remain solely responsible for our audit opinion;
g) communicate with those charged with governance, including the supervisory board, regarding, among other
matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies
in internal control that we identify during our audit;
h) of the matters we have communicated to those charged with governance, including the supervisory board, we
determine which one’s were the most important in the audit of the consolidated financial statements of the current
year, these being the key audit matters. We describe these matters in our report, except when the law or regulation
prohibits their public disclosure;
i) confirm to the supervisory board that we comply with the relevant ethical requirements regarding independence
and communicate all relationships and other matters that may be perceived as threats to our independence and, where
applicable, the respective safeguards.
Our responsibility also includes verifying that the information included in the Directors’ report is consistent with
the consolidated financial statements and the verification set forth in paragraphs 4 and 5 of article No. 451 of the
Portuguese Company Law.
Statutory Audit Report
December 31st 2016
Ibersol, S.G.P.S., S.A.
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