![](data:image/svg+xml;base64,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)
112Financial statement 2022
Responsibilities of the Board of
Directors and the Managing Director
for the Financial Statements
The Board of Directors and the Managing
Director are responsible for the preparation
give a true and fair view in accordance
with International Financial Reporting
Standards (IFRS) as adopted by the EU, and
fair view in accordance with the laws and
regulations governing the preparation of
with statutory requirements. The Board of
Directors and the Managing Director are
also responsible for such internal control
as they determine is necessary to enable
that are free from material misstatement,
whether due to fraud or error.
the Board of Directors and the Managing
Director are responsible for assessing
the fund’s ability to continue as a going
concern, disclosing, as applicable, matters
relating to going concern and using the
going concern basis of accounting. The
going concern basis of accounting unless
there is an intention to liquidate the fund
or cease operations, or there is no realistic
alternative but to do so.
Auditor’s Responsibilities for the
Audit of the Financial Statements
Our objectives are to obtain reasonable
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
good auditing practice 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
decisions of users taken on the basis of the
As part of an audit in accordance with good
auditing practice, we exercise professional
judgment and maintain professional
skepticism throughout the audit. We also:
• Identify and assess the risks of
statements, whether due to fraud
or error, design and perform audit
procedures responsive to those risks,
and obtain audit evidence that is
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 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
fund’s internal control.
• Evaluate the appropriateness of
accounting policies used and the
Auditor’s report