Management Report 2020
Management Report 2020
Other information accompanying the individual and consoli-
dated financial statements and the auditor's report
Management is responsible for such other information, which comprise the Man-
agement Report.
Our opinion on the individual and consolidated financial statements does not
cover the Management Report and we do not express any form of assurance con-
clusion thereon.
In connection with our audit of the individual and consolidated financial state-
ments, our responsibility is to read the Management Report and, in doing so,
consider whether this report is materially inconsistent with the financial state-
ments or our knowledge obtained in the audit or otherwise appears to be mate-
rially misstated. If, based on the work we have performed, we conclude that there
is a material misstatement of the Management Report, we are required to report
that fact. We have nothing to report in this regard.
Responsibilities of management and those charged with govern-
ance for the individual and consolidated financial statements
Management is responsible for the preparation and fair presentation of the indi-
vidual and consolidated financial statements in accordance with the accounting
practices adopted in Brazil and with the International Financial Reporting Stand-
ards (IFRS) issued by the International Accounting Standards Board (IASB), and
for such internal control as management determines is necessary to enable the
preparation of financial statements that are free of material misstatement,
whether due to fraud or error.
In preparing the individual and 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.
SLC
Agrícola
Those charged with governance are responsible for overseeing the Company's
and its subsidiaries' financial reporting process.
Auditor's responsibilities for the audit of the individual and con-
solidated financial statements
Our objectives are to obtain reasonable assurance about whether the individual
and consolidated financial statements as a whole are free of material misstate-
ment, 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 guar-
antee that an audit conducted in accordance with Brazilian and International
standards on Auditing will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, indi-
vidually or in the aggregate, they could reasonably be expected to influence the
economic decisions of users taken on the basis of these financial statements.
As part of an audit in accordance with Brazilian and International Standards on
Auditing, we exercise professional judgment and maintain professional skepti-
cism throughout the audit. We also:
Identified and assessed the risks of material misstatement of the indi-
vidual and consolidated financial statements, whether due to fraud or
error, designed and performed audit procedures responsive to those
risks, and obtained audit evidence that is sufficient and appropriate to
provide a basis for our opinion. The risk of not detecting a material mis-
statement resulting from fraud is higher than for one resulting from er-
ror, as fraud may involve collusion, forgery, intentional omissions, mis-
representations, or the override of internal control.
Obtained an understanding of internal control relevant to the audit in
order to design audit procedures that are appropriate in the circum-
stances, but not for the purpose of expressing an opinion on the effec-
tiveness of the Company's and its subsidiaries' internal control.
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