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We are independent of the fund in accordance with the ethical requirements that are relevant","page_number":9,"box":{"x":147,"y":425,"width":789,"height":10}},{"id":"32ee0152-fafb-4daf-a8fa-319cf6302748","block_type":"box","text":"to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other eth","page_number":9,"box":{"x":66,"y":439,"width":842,"height":11}},{"id":"0f8a1c65-99c4-49c5-8adb-901d49fa22b7","block_type":"box","text":"ical","page_number":9,"box":{"x":912,"y":439,"width":25,"height":9}},{"id":"a653dc3e-69b0-494e-975b-1303536bb195","block_type":"box","text":"responsibi","page_number":9,"box":{"x":67,"y":454,"width":69,"height":10}},{"id":"76f3926f-35ae-4d4d-8ae5-5346c2d49fb8","block_type":"box","text":"lities in accordance with these requirements. 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If we identify such material inconsistencies or apparent material misstatements, we are required to","page_number":9,"box":{"x":143,"y":773,"width":793,"height":10}},{"id":"8dc73365-d1ac-4b4b-bde2-f8d067d9da30","block_type":"box","text":"determine whether there is a material misstatement in the financial statements themselves. 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The risk of not detecting a material misstatement resulting from fraud is higher than","page_number":10,"box":{"x":224,"y":673,"width":712,"height":10}},{"id":"3abab57d-3a99-41cf-a3df-fa0932bb2365","block_type":"box","text":"for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the","page_number":10,"box":{"x":127,"y":688,"width":809,"height":10}},{"id":"87ebc9cb-0c36-4e3b-86aa-1e85eb8c7eb5","block_type":"box","text":"override of internal control.","page_number":10,"box":{"x":127,"y":702,"width":188,"height":8}},{"id":"c143b78a-1ea7-4495-852a-a356afa28b62","block_type":"box","text":"•","page_number":10,"box":{"x":97,"y":734,"width":6,"height":4}},{"id":"d403b370-fcb3-4540-868d-3d7510b709fc","block_type":"box","text":"Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are","page_number":10,"box":{"x":127,"y":732,"width":809,"height":10}},{"id":"133bd941-80b8-4b46-a93f-d26c8eeba743","block_type":"box","text":"appropriate in the circumstances, but not for the purposes of expressing an opinion on the effectiveness of the fund’s","page_number":10,"box":{"x":127,"y":746,"width":809,"height":10}},{"id":"98bba025-0765-4dbe-964f-fd01335989c5","block_type":"box","text":"internal control.","page_number":10,"box":{"x":128,"y":761,"width":113,"height":8}},{"id":"b931d859-2726-4ef5-b11e-bba538af817e","block_type":"box","text":"•","page_number":10,"box":{"x":97,"y":793,"width":6,"height":4}},{"id":"1ad71b5b-8d09-4189-91d3-17a8b604c6c0","block_type":"box","text":"Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related","page_number":10,"box":{"x":128,"y":790,"width":808,"height":11}},{"id":"377e3957-8821-4780-87a5-19ef9546f764","block_type":"box","text":"disclosures made by the ACD.","page_number":10,"box":{"x":127,"y":805,"width":200,"height":10}},{"id":"4df2b6e5-4491-4908-b057-4922b62a5f1e","block_type":"box","text":"•","page_number":10,"box":{"x":97,"y":837,"width":6,"height":4}},{"id":"b2fb4584-4bb3-45b9-bbd6-8f358ccbfd3b","block_type":"box","text":"Conclude on the appropriateness of the ACD’s use of the going concern basis of accounting and, based on the audit","page_number":10,"box":{"x":127,"y":834,"width":809,"height":11}},{"id":"d954ead6-290f-4e24-b0e7-f67f36cb128b","block_type":"box","text":"evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt","page_number":10,"box":{"x":127,"y":849,"width":809,"height":10}},{"id":"442deb60-1f28-4414-8db7-1bde4069418b","block_type":"box","text":"on the fund’s ability","page_number":10,"box":{"x":127,"y":863,"width":136,"height":11}},{"id":"aff42475-256b-4d82-bea3-3c9b0fe4705c","block_type":"box","text":"to continue as a going concern. 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