Annual Report 2019

CIM FINANCIAL SERVICES LTD / ANNUAL REPORT 2019 63 REPORT ON THE AUDIT OF THE FINANCIAL STATEMENTS (CONTINUED) Other Information The directors are responsible for the other information. The other information comprises the reports set out from pages 2 to 59 which includes, among others, the Chairman’s message, Group CEO’s Report, Business Review, Corporate Governance Report, Risk Management Report, Other Statutory Disclosures, Directors’ Report, the Secretary’s Certificate as required by the Companies Act 2001, and the Directors of Subsidiary Companies on pages 158 to 159, but does not include the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information, and other than the corporate governance report, 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 other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. If, based on the work we have performed on the other information obtained prior to the date of this auditor’s report, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Corporate Governance Report The Directors are responsible for preparing the Corporate Governance Report. Our responsibility under the Financial Reporting Act is to report on the Compliance with the Code of Corporate Governance disclosed in the Annual Report and assess the explanations given for non-compliance with any requirement of the Code. From our assessment of the disclosures made on corporate governance in the Annual Report, the Group has, pursuant to section 75 of the Financial Reporting Act, complied with the requirements of the Code. Responsibilities of the Directors for the Financial Statements The directors are responsible for the preparation and fair presentation of the financial statements in accordance with International Financial Reporting Standards and the requirements of the Companies Act 2001 and the Financial Reporting Act 2004, and for such internal control as the directors determine 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, the directors are responsible for assessing the Group and 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 the directors either intend to liquidate the Group and or the Company or to cease operations, or have no realistic alternative but to do so.