TomTom 2015 Annual Report Download - page 120

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OTHER INFORMATION
TOMTOM / ANNUAL REPORT AND ACCOUNTS 2015 / 119
RESPONSIBILITIES OF MANAGEMENT AND THE SUPERVISORY BOARD FOR THE FINANCIAL
STATEMENTS
Management is responsible for the preparation and fair presentation of the financial statements in accordance with EU-IFRS and Part
9 of Book 2 of the Dutch Civil Code, and for the preparation of the management board report in accordance with Part 9 of Book 2 of the
Dutch Civil Code. Furthermore, management is responsible for such internal control as management determines is necessary to
enable the preparation of the financial statements that are free from material misstatement, whether due to fraud or error.
As part of the preparation of the financial statements, management is responsible for assessing the company’s ability to continue as a
going concern. Based on the financial reporting frameworks mentioned, management should prepare the financial statements 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. Management should disclose events and circumstances that may cast significant doubt on the
company’s ability to continue as a going concern in the financial statements.
The Supervisory Board is responsible for overseeing the company’s financial reporting process.
OUR RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
Our objective is to plan and perform the audit assignment in a manner that allows us to obtain sufficient and appropriate audit
evidence for our opinion. Our audit has been performed with a high, but not absolute, level of assurance, which means we may not
have detected all errors and fraud. 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. The materiality affects the nature, timing and extent of our audit procedures and the evaluation of the effect of identified
misstatements on our opinion.