An audit involves performing procedures to obtain audit
evidence about the amounts and the
disclosures
in the financial statements. The procedures selected depend on the auditor’s judgment,
including the
assessment of the risks of material misstatement of the financial statements, whether due
to fraud or
error.
In making those risk assessments, the auditor considers internal financial control
relevant to the
Company’s preparation of the financial statements that give a true and fair view in order
to design audit
procedures that are appropriate in the circumstanc
es. An audit also includes
evaluating the
appropriateness of the accounting policies used and the reasonableness of the
accounting estimates
made by the Company’s Directors, as well as evaluating the overall presentation of
the financial
statements.