36 | Flughafen Berlin Brandenburg GmbH during the audit, complies with the German statutory regulations and correctly presents the opportunities and risks of the future development, and to issue an auditor’s report, which includes our audit opinion on the consolidated financial statements and the consolidated management report. Sufficient assurance is a high degree of certainty, however no guarantee for the fact that an audit conducted in line with Section 317 HGB and by complying with the German principles of proper accounting of financial statements as promulgated by the Institute of Public Auditors in Germany (IDW) will always detect a material misrepresentation. Misrepresentations can result from breaches or inaccuracies and are seen as material if it could be reasonably expected that individually or on the whole they will influence the commercial decisions made by addressees based on these consolidated financial statements and consolidated management report. During the audit we exercise dutiful discretion and maintain a critical basic attitude. In addition, • we identify and assess the risks of material – intended or unintended – misrepresentations in the consolidated financial statements and in the consolidated management report, we plan and conduct audit acts as a reaction to these risks and obtain audit evidence, which is sufficient and suitable in order to serve as a basis for our audit opinions. The risk that material misrepresentations are not detected, is higher with breaches than with inaccuracies, as breaches may include fraudulent collaboration, falsifications, intended incompleteness, misleading presentations or the deeming out of force of internal controls; • we gain an understanding of the internal control system that are relevant for the audit of the consolidated financial statements and the precautions and measures that are relevant for the audit of the consolidated management report in order to plan audit acts, which are appropriate under the given circumstances, however not with the aim to give an audit opinion relating to the efficacy of these systems; • we assess the appropriateness of the accounting methods applied by the legal representatives as well as the feasibility of the estimated values presented by the legal representatives and thus associated disclosures; • we draw conclusions about the appropriateness of the accounting principles applied by the legal representatives of the continuation of the company activity as well as, based on the obtained audit evidence, whether there is essential uncertainty in connection with the events or conditions, which may raise significant doubts about the ability of the group to continue the company activity. If we come to the conclusion that there is essential uncertainty we are obligated to draw attention in the auditor’s report to the associated disclosures in the consolidated financial statements and in the consolidated management report or, if these disclosures are inappropriate, to modify our respective audit opinion. We draw our conclusions based on the audit evidence obtained until the date of our auditor’s report. Future events or conditions can, however, lead to the fact that the group can no longer continue its company activity; • we assess the overall presentation, the structure and the contents of the consolidated financial statements including the disclosures as well as whether the consolidated financial statements present the underlying business transactions and events to the extent that the consolidated financial statements, by complying with the German principles of proper accounting, give a picture of the net assets, financial position and results of operations of the group that corresponds with the actual circumstances;
Our Figures | 37 • we obtain sufficient, suitable audit evidence for the accounting information of the companies or business activities within the group in order to submit audit opinions on the consolidated financial statements and the consolidated management report. We are responsible for the instruction, monitoring and execution of the audit of the consolidated financial statements. We bear the sole responsibility for our audit opinions; • we assess the correspondence of the consolidated management report with the consolidated financial statements, its compliance with the law and the picture of the position of the group conveyed by it; We discuss with the persons responsible for the monitoring among others the planned scope and the time scheduling of the audit as well as significant audit findings, including possible deficiencies in the internal control system, which we determine during our audit. Berlin, 25 March 2020 Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft Seidel Schmidt Auditor Auditor • we carry out audit acts relating to the future-oriented disclosures presented by the legal representatives in the consolidated management report. Based on sufficient suitable audit evidence we in particular understand the significant assumptions upon which the future-oriented disclosures of the legal representatives are based and assess the appropriate derivation of the future-oriented disclosures from these assumptions. We do not give an independent audit opinion on the future-oriented disclosures as well as on the underlying assumptions. There is a substantial unavoidable risk that future events deviate substantially from the future-oriented disclosures.