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Auditor’s Responsibilities for the Report on Other Legal and
Audit of the Financial Statements Regulatory Requirements
Our objectives are to obtain reasonable assurance • Conclude on the appropriateness of management’s Further, we are also of the opinion that proper books of
about whether the financial statements are free use of the going concern basis of accounting and account were maintained by the Regulatory Authority. We
from material misstatement, whether due to fraud or based on the audit evidence obtained, whether have obtained all the information and explanations which we
error, and to issue an auditor’s report that includes a material uncertainty exists related to events or considered necessary for the purpose of our audit. To the best
our opinion. Reasonable assurance is a high level of conditions that may cast significant doubt on the of our knowledge and belief and according to the information
assurance but is not a guarantee that an audit conducted Regulatory Authority’s ability to continue as a going given to us, no contraventions of the applicable provisions of
in accordance with ISAs will always detect a material concern. If we conclude that a material uncertainty Qatar Financial Centre Law No. 7 of 2005 were committed
misstatement when it exists. Misstatements can arise exists, we are required to draw attention in our during the year which would materially affect the Regulatory
from fraud or error and are considered material if, auditor’s report to the related disclosures in the Authority’s financial position or financial performance.
individually or in the aggregate, they could reasonably financial statements or, if such disclosures are
be expected to influence the economic decisions of inadequate, to modify our opinion. Our conclusions
users taken based on these financial statements. are based on the audit evidence obtained up to
the date of our auditor’s report. However, future
As part of an audit in accordance with ISA’s, we events or conditions may cause the Regulatory
exercise professional judgement and maintain Authority to cease to continue as a going concern.
professional scepticism throughout the audit. We also: • Evaluate the overall presentation, structure and Deloitte & Touche Qatar Branch
content of the financial statements, including the
• Identify and assess the risks of material misstatement
disclosures, and whether the financial statements Doha, Qatar
of the financial statements, whether due to fraud
represent the underlying transactions and events 30 March 2021
or error, design and perform audit procedures
in a manner that achieves fair presentation.
responsive to those risk, and obtain audit evidence
that is enough and appropriate to provide a basis We communicate with those charged with governance
for our opinion. The risk of not detecting a material regarding, among other matters, the planned
misstatement resulting from fraud is higher scope and timing of the audit and significant audit
than the one resulting from error, as fraud may findings, including any significant deficiencies in
involve collusion, forgery, intentional omission, internal control that we identify during our audit.
misrepresentations, or the override of internal control.
• Obtain an understanding of internal control relevant
to the 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 internal controls.
• Evaluate the appropriateness of accounting policies
used and the reasonableness of accounting estimates
and related disclosures made by management.
T ABLE OF C ONTENT S
