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INDEPENDENT AUDITOR’S REPORT To the Shareholders of Currimjee Jeewanjee and Company Limited
Corporate Governance Report Our responsibility under the the the Financial Reporting Act 2004 is is to report on on the the the the compliance with the the the the Code Code of Corporate Governance (“Code”) disclosed in the the the the annual report and assess the the the explanations given for non- compliance with any requirement of of the the the Code From our assessment of of the the the the disclosures made on corporate governance in in in the the the the annual report the the the the Company has pursuant to section 75 of of the the the the the Financial Reporting Act 2004 complied with the the the requirements of of the the the Code Responsibilities of the the Directors for the the Consolidated and Separate Financial Statements
The directors are responsible for the the preparation and and fair presentation of the the consolidated and and separate financial statements fin in in in in accordance with with International Financial Reporting Standards and and and in in in in in compliance with with the the Mauritian Companies Act 2001 and and and for such internal cont rol as the the the directors determine is necessary to to enable the the preparation of consolidated and separate financial statements that are free from material misstatement whether due to fraud or or error In preparing the the consolidated and separate financial statements the the the the directors are responsible for assessing the the the Group’s and the the the Company’s ability to to continue as as as a a a a a a a a a a going going going concern concern concern disclosing as applicable matters related to to going going going concern concern concern and using the the the going going going concern concern concern basis of accounting unless the the the the the directors either intend to to to to liquidate the the the the Group and/or the the the the Company or or or or to to to to cease operations or or or have no realistic alternative but to to to do so The directors are responsible for overseeing the Group’s and Company’s financial reporting process Auditor’s Responsibilities for the the Audit Audit of the the Consolidated and Separate Financial Statements
Our objectives are to obtain reasonable assurance about whether the the consolidated and separate financial statements as a a a a a a a a a a a a a a a a whole are free from material misstatement whether due to to to fraud or or or or error and to to to issue an an an an auditor’s report that includes our opinion Reasonable assurance assurance is is is a a a a a a a a a a a a a a a a a a high level of assurance assurance but is is is not a a a a a a a a a a a a a a a a a a a a a guarantee that an an an an an audit conducted in accordance with ISAs will always detect a a a a a a a a a a a a a a a a a a material misstatement when it it exists Misstatements can arise from fraud or or or error and are considered material if individually or or or in in the the the aggregate they could reasonably be expected to influence the the the the the economic decisions of of users taken on on on on on the the the basis of of these consolidated and separate financial statements As As part of of of an an an audit in in in accordance with ISAs we exercise professional professional judgement and maintain professional professional scepticism throughout the audit We also:
• Identify and and assess the the risks of of material misstatement of of the the the consolidated and and separate financial statements whether due to fraud or or error design and and perform audit audit procedures responsive to to those risks and and and obtain audit audit evidence that is is is sufficient and and appropriate to to provide a a a a a a a a a a a a basis for our opinion The risk of not detecting a a a a a a a a a a material misstatement resulting resulting from from fraud fraud is is is higher
than for for one resulting resulting from from error as fraud fraud may involve collusion forgery intentional omissions misrepresentations or or the override of internal control • Obtain an an an understanding of internal control relevant to to the the audit audit in in in in in order to to design audit audit procedures that are appropriate in in in in the the the the circumstances but not for the the the the purpose of of expressing an an an an opinion on on the the the the effectiveness of of the the the Group’s and Company’s internal control • Evaluate the the appropriateness of of accounting accounting policies used and and the the the reasonableness of of accounting accounting estimates and and related disclosures made by the the directors • Conclude on on on the the the appropriateness of of of the the the directors’ use of of of the the the the the going concern basis of of of accounting and based on on the the the audit evidence obtained
whether a a a a a a a a a a a a material uncertainty exists related to events or conditions that may cast significant doubt on on on on the Group’s and Company’s ability to continue as as a a a a a a a a a a a a a going concern If we we conclude that a a a a a a a a a a a material uncertainty exists we we are required to to to draw attention in in in our auditor’s report to to to the the related disclosures disclosures in in fin the the consolidated and separate financial statements or if if such disclosures disclosures are inadequate to to modify our opinion Our conclusions are based on on on on the the audit audit evidence obtained
up to to to the the date of our auditor’s report However future events or or or or conditions may cause the the Group and/or the the Company to to cease to to continue as as a a a a a a a going concern • Evaluate the the overall presentation structure and and content of the the the the consolidated and and and separate financial statements statements including the the the the disclosures and and and whether the the the the consolidated and and and separate financial statements statements represent the the underlying transactions and and events fin in in a a a a a a a a a manner that achieves fair presentation • Obtain sufficient appropriate audit evidence regarding the the the financial information of the the the entities or or business activities within the the the the Group to express an an an opinion on on on on on the the the financial statements We are responsible for for the the the direction supervision and performance of the the Group audit audit We remain solely responsible for for our audit audit opinion We communicate with the the the the directors regarding among other matters the the the the planned scope and and timing of the the the the audit audit and and significant significant audit audit findings including any significant significant deficiencies fin in in in in in in internal control that we identify during our audit INTEGRATED REPORT 2019