CFM INDOSUEZ Wealth Management - 2019 annual report

44 CFM Indosuez Wealth Management Dear Shareholders, In this report, we provide information on the audit of your Company’s consolidated financial statements for the year ending on 31 December 2019, prepared in accordance with IFRS accounting principles. The consolidated financial statements were approved by your Board of Directors based on the information available, against a backdrop of changing circumstances related to the Covid-19 crisis. These documents were drawn up in the same format and using the same accounting methods as in the previous financial year, and were approved in the circumstances described above. It is our responsibility, based on our audit, to express an opinion on these accounts. We conducted our audit according to applicable professional standards; those standards require that we plan and perform the audit to obtain reasonable assurance that the consolidated annual accounts are free of material misstatement. An audit consists of verifying, by sampling or other selection methods, the items justifying the amounts and information contained in the consolidated annual financial statements. It also involves assessing the accounting principles used, the significant estimates made and the overall presentation of the accounts. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. We hereby certify that the consolidated annual financial statements give a true and fair view of the assets, financial position and results of the group composed of the persons and entities included in the consolidation. In accordance with the standards of the profession, we have also verified the information related to the Group provided in the report of your Board of Directors. We have no matters to report as to the fair presentation and the consistency of this information with the consolidated financial statements. Without prejudice to the opinion expressed above, we draw your attention to the following: - we observed the changes in accounting methods arising from the first-time application of IFRS 16 on Leases, as described in Note 1 to the consolidated financial statements, “Principles and methods applicable to the Group, judgement and estimates used”. - your company has been affected by the Covid-19 health crisis as a post-closing event; information about this is provided in the Notes to the financial statements and in the report of your Board of Directors. The economic impact of the crisis for your company remains uncertain and cannot be measured accurately at this stage. Monaco, 15 May 2020 Financial year ending 31 December 2019 S T A T U T O R Y A U D I T O R S ’ R E P O R T O N T H E C O N S O L I D A T E D F I N A N C I A L S T A T E M E N T S D i d i e r Mek i es Statutory Auditor Sandr i ne Arc in Statutory Auditor