CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
OPERADORA DE SITES MEXICANOS, S.A.B. DE C.V. AND SUBSIDIARIES
In connection with our audit of the consolidated financial statements, our responsibili-
ty is to read the other information when we have access to it and, in doing so, consider
whether the other information is materially inconsistent with the consolidated financial
statements or our knowledge obtained in the audit, or otherwise appears to be
materially misstated.
When we read and consider the Annual Report filed with the CNBV, if we conclude that
there is a material misstatement therein, we are required to communicate the matter to
those charged with governance and to issue a statement on the Annual Report required
by the CNBV that contains a description of the matter.
Our opinion on the consolidated financial statements does not cover the other informa-
tion and we do not express any form of assurance conclusion thereon.
In connection with our audit of the consolidated financial statements, our responsibili-
ty is to read the other information when we have access to it and, in doing so, consider
whether the other information is materially inconsistent with the consolidated financial
statements or our knowledge obtained in the audit, or otherwise appears to be
materially misstated.
When we read and consider the Annual Report filed with the CNBV, if we conclude that
there is a material misstatement therein, we are required to communicate the matter to
those charged with governance and to issue a statement on the Annual Report required
by the CNBV that contains a description of the matter.
Responsibilities of Management and Those Charged with Governance for the Con-
solidated Financial Statements
Management is responsible for the preparation and fair presentation of the accompanying
consolidated financial statements in accordance with IFRS, and for such internal control
as management determines is necessary to enable the preparation of consolidated finan-
cial statements that are free from material misstatement, whether due to fraud or error.
In preparing the consolidated financial statements, management is responsible for
assessing the Company's ability to continue as a going concern, disclosing, as applicable,
matters related to going concern and using the going concern basis of accounting unless
management either intends to liquidate the Company or to cease operations, or has no
realistic alternative but to do so.
Those charged with governance are responsible for overseeing the Company's financial
reporting process.
Auditor's Responsibilities for the Audit of the Consolidated Financial Statements
Our objectives are to obtain reasonable assurance about whether the consolidated finan-
cial statements as a whole are free from material misstatement, whether due to fraud or
error, and to issue an auditor's report that includes our opinion. Reasonable assurance is
a high level of assurance, but is not a guarantee that an audit conducted in accordance
with ISA will always detect a material misstatement when it exists. Misstatements can
arise from fraud or error and are considered material if, individually or in the aggregate,
they could reasonably be expected to influence the economic decisions of users taken on
the basis of these consolidated financial statements.
As part of an audit in accordance with ISA, we exercise professional judgment and main-
tain professional skepticism throughout the audit. We also:
.
Identify and assess the risks of material misstatement of the consolidated financial
statements, whether due to fraud or error, design and perform audit procedures res-
ponsive to those risks, and obtain audit evidence that is sufficient and appropriate
to provide a basis for our opinion. The risk of not detecting a material misstatement
resulting from fraud is higher than for one resulting from error, as fraud may involve
collusion, forgery, intentional omissions, misrepresentations, or the override of inter-
nal 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 Company's internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of
accounting estimates and related disclosures made by management.
Conclude on the appropriateness of management's use of the going concern basis of
accounting and, based on the audit evidence obtained, whether a material uncer-
tainty 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 consolidated financial statements or, if such disclosures
are inadequate, to modify our opinion.
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