TSC Annual Report 2024 final - Flipbook - Page 80
Independent auditor’s report
may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal control.
• Obtain an understanding of the company’s internal
control relevant to our 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 company’s internal control.
• Evaluate the appropriateness of accounting policies
used and the reasonableness of accounting estimates and
related disclosures made by the Board of Directors and the
Managing Director.
• Conclude on the appropriateness of the Board of
Directors’ and the Managing Director’s use of the going
concern basis of accounting in preparing the annual
accounts. We also draw a conclusion, based on the audit
evidence obtained, as to whether any material uncertainty
exists related to events or conditions that may cast
significant doubt on the company’s ability to continue as a
going concern. If we conclude that a material uncertainty
exists, we are required to draw attention in our auditor’s
report to the related disclosures in the annual accounts or,
if such disclosures are inadequate, to modify our opinion
about the annual accounts. Our conclusions are based on
the audit evidence obtained up to the date of our auditor’s
report. However, future events or conditions may cause the
company to cease to continue as a going concern.
We communicate with those charged with governance
regarding, among other matters, the planned
scope and timing of the audit and significant audit
findings, including any significant deficiencies in internal
control that we identify during our audit.
We also provide those charged with governance with a
statement that we have complied with relevant
ethical requirements regarding independence, and to
communicate with them all relationships and
other matters that may reasonably be thought to bear on
our independence, and where applicable,
related safeguards.
From the matters communicated with those charged with
governance, we determine those matters
that were of most significance in the audit of the financial
statements of the current period and are therefore the key
audit matters. We describe these matters in our auditor’s
report unless law or regulation precludes public disclosure
about the matter or when, in extremely rare circumstances,
we determine that a matter should not be communicated
in our report because the adverse consequences of doing
so would reasonably be expected to outweigh the public
interest benefits of such communication.
Stockholm, May 2025
Öhrlings PricewaterhouseCoopers AB
Iuliia Zhuravel
Authorized Public Accountant
80 The Swedish Club | Annual Report 2024
