UEG_Annual_Report_2021_V2 - 67

UEG Treasurer Report 2021
principles of proper final examination, which require the application
of ISA, we exercise due to professional judgement and
maintain a critical foundation.
is inadequate, to modify our audit opinion. We draw our
conclusions on the basis of the audit evidence obtained by the
date of our audit opinion. Future events or circumstances may,
however, result in the removal of the Association from the
continuation of the business activity.
In addition:
* We identify and assess the risks of material misrepresentation
- intentional or unintentional - in the financial statements,
plan audit procedures in response to these risks, perform them
and obtain audit evidence that is sufficient and appropriate
to serve as a basis for our audit opinion. The risk of material
misrepresentations resulting from fraudulent actions being
not revealed is greater than, counterfeiting, intentional
incompleteness, misleading representation, or the abolition of
internal controls.
* We gain an understanding of the internal control system
relevant to the final audit in order to plan audit procedures
that are appropriate under the circumstances, but not with the
aim of issuing an opinion on the effectiveness of the internal
control system of the association.
* We assess the appropriateness of the accounting policies used
by the management and the reasonableness of the accounting
estimates and the related information presented by the management
board.
* We draw conclusions on the appropriateness of the application
of the accounting principle for the continuation of the
business activities by the management and on the basis of
the audit evidence obtained whether there is substantial
uncertainty in connection with events or circumstances which
seriously undermine the ability of the Association to continue
business. If we conclude that there is material uncertainty, we
are obligated to draw our attention to the related information
in the annual financial statements or, if this information
* We assess the overall presentation, structure and content of
the annual financial statements, including the disclosures, and
whether the annual financial statements reflect the underlying
transactions and events in such a way as to achieve the most
accurate picture possible.
Vienna, May 30, 2022
BBW Wirtschaftsprüfungsund
Steuerberatungsgesellschaft mbH
Mag. Bernhard Winter, Austrian Certified Public Accountant
This report is a translation of the original report in German, which is solely valid.
Publication of the financial statements together with our auditor's opinion may
only be made if the financial statements are identical with the audited version
attached to this report. Section 281 paragraph 2 UGB (Austrian Commercial Code)
applies.
67
UEG_Annual_Report_2021_V2

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