Annual Report 2023 (eng) - Flipbook - Side 55
INDUSTRIENS PENSIONSFORSIKRING A/S ÅRSRAPPORT 2023
Statement on the Management’s Review
Management
is
responsible
Management’s Review.
for
the
Our opinion on the Financial Statements does
not cover the Management’s Review, and we do
not express any form of assurance conclusion
thereon.
In connection with our audit of the Financial
Statements, our responsibility is to read the
Management’s Review and, in doing so,
consider whether the Management’s Review is
materially inconsistent with the Financial
Statements or our knowledge obtained in the
audit, or otherwise appears to be materially
misstated.
Moreover, it is our responsibility to consider
whether the management's review provides the
information required under the Danish the
Financial Business Act and other relevant
legislation.
Based on our audit, in our view, the
management's review is consistent with the
financial statements and has been prepared in
accordance with the requirements of the Danish
Financial Business Act and other relevant
legislation.
We found no material misstatement in the
Management's report.
Management’s responsibilities for the
Financial Statements
Management is responsible for the preparation
of financial statements that give a true and fair
view in accordance the Danish Financial
Business Act, and for such internal control as
Management determines is necessary to enable
the preparation of financial statements that are
free from material misstatement, whether due to
fraud or error.
In preparing the Financial Statements,
Management is responsible for assessing the
Company’s ability to continue as a going
concern, disclosing, as applicable, matters
related to going concern and using the going
concern
basis
of
accounting
unless
Management either intends to liquidate the
Company or to cease operations, or has no
realistic alternative but to do so.
Auditor’s responsibilities for the audit of
the Financial Statements
Our objectives are to obtain reasonable
assurance about whether the Financial
Statements as a whole are free from material
misstatement, whether due to fraud or error, and
to issue an auditor’s report that includes our
opinion. Reasonable assurance is a high level of
assurance, but is not a guarantee that an audit
conducted in accordance with ISAs and the
additional requirements applicable in Denmark
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 Financial
Statements.
As part of an audit in accordance with ISAs and
the additional requirements applicable in
Denmark, we exercise professional judgement
and
maintain
professional
scepticism
throughout the audit. We also:
Identify and assess the risks of material
misstatement in the financial statements,
whether due to fraud or error, design and
perform audit procedures in response to
those risks, and obtain audit evidence that is
sufficient and appropriate to provide a basis
for our opinion. The risk of not detecting a
material misstatement resulting from fraud is
higher than for one resulting from error as
INDEPENDENT AUDITOR'S REPORT
fraud may involve collusion, forgery,
intentional omissions, misrepresentations,
or the override of internal control.
Obtain an understanding of internal control
relevant to the audit in order to design audit
procedures that are appropriate in the
circumstances, but not for the purpose of
expressing an opinion on the effectiveness
of the Company’s internal control.
Evaluate the appropriateness of accounting
policies used and the reasonableness of
accounting
estimates
and
related
disclosures made by Management.
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 Company’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 Company to
cease to continue as a going concern.
Evaluate the overall presentation, structure
and content of the Financial Statements,
including the disclosures, and whether the
Financial
Statements
represent
the
underlying transactions and events in a
manner that gives a true and fair view.
significant deficiencies in internal control that we
identify during our audit.
We also provide those charged with governance
with a statement that we have complied with
relevant ethical requirements regarding
independence, and to communicate to them all
relationships and other matters that may
reasonably be thought to bear on our
independence
and,
where
applicable,
safeguards applied or actions taken to eliminate
threats.
From the matters communicated to those
charged with governance, we determine those
matters that were of most significance in the
audit of the Financial Statements of the current
period and are therefore the key audit matters.
We describe these matters in our auditors'
report, unless legislation or other regulations
prevent such matters from being disclosed to
the public.
Hellerup, 20 March 2024
PricewaterhouseCoopers State Authorised
Public Accountant
CVR no. 33 77 12 31
Claus Christensen
Stefan Vastrup
State Authorised Public State Authorised Public
Accountant
Accountant
mne33687
mne32126
We communicate with those charged with
governance regarding, among other matters,
the planned scope and timing of the audit and
significant audit findings, including any
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