| 9. | If the directors conclude that there is a material uncertainty related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern but that the going concern basis remains appropriate, the Listing Rules require that a statement be made by the directors that the business is a going concern together with supporting assumptions or qualifications as necessary. |
| 10. | If the auditor also determines that there is a material uncertainty related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern, but that the going concern basis remains appropriate, the auditor assesses whether adequate disclosure has been made both in the financial statements and in the directors' going concern statement. |
| 11. | If adequate disclosure is made in the financial statements, the auditor should express an unqualified opinion on the financial statements but modify the auditor's report by adding an emphasis of matter paragraph. That paragraph highlights the existence of the material uncertainty, relating to the event or condition that may cast significant doubt on the company's ability to continue as a going concern, and draws attention to the note in the financial statements describing the uncertainty. |
| 12. | If adequate disclosure is made in the financial statements but in the auditor's opinion the directors' disclosures in their going concern statement are not balanced, proportionate or clear, the auditor considers whether it is necessary to communicate this fact in the auditor's report as described in paragraph 8 above. |
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