TomTom 2015 Annual Report Download - page 119

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OTHER INFORMATION
TOMTOM / ANNUAL REPORT AND ACCOUNTS 2015 / 118
We agreed with the Supervisory Board that misstatements in excess of EUR 370,000, would be reported to them, as well as smaller
misstatements that in our view must be reported on qualitative grounds.
SCOPE OF THE GROUP AUDIT
TomTom N.V. is at the head of a group of entities. The financial information of this group is included in the consolidated financial
statements of TomTom N.V.
Our group audit mainly concentrated on 23 components. For 3 of these components a full audit was performed and for 20 components
specific audit procedures were performed, based on our assessment of risk of material misstatement and of the materiality of the
business operations at those components. We have performed audit procedures ourselves at all in-scope components. We have visited
components in the United States of America (TomTom Inc. and TomTom North America Inc.).
Our audit coverage for total assets, revenues and audit coverage per account balance included in the key audit matters can be
summarized as follows:
For total assets our audit procedures achieved a coverage of 98% of total assets.
●
For revenues, we have identified 7 components in the group for which we performed an audit of account balances at the component.
●
These 7 components represent 93% of revenues. The remaining population is covered by limited procedures.
For other key audit matters, we have applied a centralized audit approach with specified audit procedures covering over 99% of the
●
account balances.
By performing the procedures mentioned above at group components, together with additional procedures at group level, we have
been able to obtain sufficient and appropriate audit evidence about the group’s financial information to provide an opinion about the
consolidated and company financial statements.
OUR KEY AUDIT MATTERS
Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the financial
statements. We have communicated the key audit matters to the supervisory board. The key audit matters are not a comprehensive
reflection of all matters discussed.
These matters were addressed in the context of our audit of the financial statements as a whole and in forming our opinion thereon,
and we do not provide a separate opinion on these matters.