Page 105 - Annual Report 2016 EN

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• Evaluate the appropriateness of accounting policies used and to the date of our auditor’s report. However, future events or
the reasonableness of accounting estimates and related dis- conditions may cause the QFC Regulatory Authority to cease
closures made by management. to continue as a going concern.

• Conclude on the appropriateness of management’s use of • Evaluate the overall presentation, structure and content of the
the going concern basis of accounting and, based on the financial statements, including the disclosures, and whether the
audit evidence obtained, whether a material uncertainty financial statements represent the underlying transactions and
exists related to events or conditions that may cast significant events in a manner that achieves fair presentation.
doubt on the QFC Regulatory Authority’s ability to continue We communicate with the Board of Directors regarding, among
as a going concern. If we conclude that a material uncer- other matters, the planned scope and timing of the audit and
tainty exists, we are required to draw attention in our auditor’s significant audit findings, including any significant deficiencies in
report to the related disclosures in the financial statements or, internal control that we identify during our audit.
if such disclosures are inadequate, to modify our opinion. Our
conclusions are based on the audit evidence obtained up