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Key Audit MattersKey audit matters are those matters that, in our professional judgment, were of mostsignificance in our audit of the financial statements of the current period. These matters wereaddressed in the context of our audit of the financial statements in forming our audit opinion,and we do not provide a separate opinion on these matters.Management and Governance Responsibilities Management is responsible for the preparation and fair presentation of the financial statementsin accordance with IFRS, and for such internal control as management determines is necessaryto enable the preparation of financial statements that are free from material misstatement,whether due to fraud or error.In preparing the financial statements, management is responsible for assessing the Company’sability to continue as a going concern, disclosing, as applicable, matters related to going concernand using the going-concern basis of accounting unless management intends to liquidate theCompany or to cease operations, or has no realistic alternative than to do so. Those chargedwith governance are responsible for overseeing the Company’s financial reporting process. 2
Auditor’s Responsibilities for the Audit of the Financial StatementsOur objectives are to obtain reasonable assurance about whether the financial statements as awhole are free from material misstatements, whether due to fraud or error, and to issue anauditor’s report that includes our opinion. Reasonable assurance is a high level of assurance butis not a guarantee that that an audit conducted in accordance with CASs will always detect amaterial misstatement when it exists. Misstatements can arise from fraud or error and areconsidered material if, individually or in aggregate, they could reasonably be expected toinfluence the economic decision of users taken on the basis of these financial statements.An audit involves performing procedures to obtain audit evidence about the amounts anddisclosures in the financial statements. The procedures selected depend on the auditor’sjudgment, including the assessment of the risks of material misstatement of the financialstatements, whether due to fraud or error. In making those risk assessments, the auditorconsiders internal control relevant to the entity’s preparation and presentation of the financialstatements in order to design audit procedures that are appropriate in the circumstances, butnot for the purpose of expressing an opinion on the effectiveness of the entity’s internal control.