Investor Presentaiton
pwc
REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF THE
SECURITIES AND EXCHANGE COMMISSION
Report on the financial statements
We have audited the accompanying financial statements of the Securities and Exchange Commission
("the Commission") and its subsidiaries (together, "the Group"). These financial statements comprise
the statement of financial position as at 31 December 2013 and the statements of comprehensive
income, changes in equity and cash flows for the year then ended, and a summary of significant
accounting policies and other explanatory notes.
Directors' responsibility for the financial statements
The directors are responsible for the preparation and fair presentation of these financial statements in
accordance with International Financial Reporting Standards and with the requirements of the
Investment and Securities Act 2007 and for such internal control, as the directors determine is
necessary to enable the preparation of financial statements that are free from material misstatement,
whether due to fraud or error.
Auditor's responsibility
Our responsibility is to express an opinion on the financial statements based on our audit. We
conducted our audit in accordance with International Standards on Auditing. Those standards require
that we comply with ethical requirements and plan and perform our audit to obtain reasonable
assurance that the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures
in the financial statements. The procedures selected depend on the auditor's judgement, 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 control relevant to the entity's
preparation and fair presentation of the financial statements 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 entity's internal control. An audit also includes evaluating the appropriateness of
accounting policies used and the reasonableness of accounting estimates made by the directors, as well
as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our opinion.
Opinion
In our opinion the accompanying financial statements give a true and fair view of the state of theView entire presentation