AAK Annual Report 2019

123 How our audit addressed the key audit matter Other information than the annual accounts and consolidated accounts This document also contains other information than the annual accounts and consolidated accounts and is found on pages 1–42 and 126–127. The Board of Directors and the Chief Executive Officer are respon- sible for this other information. Our opinion on the annual accounts and consolidated accounts does not cover this other information and we do not express any form of assurance conclusion regarding this other information. In connection with our audit of the annual accounts and consolidated accounts, our responsibility is to read the information identified above and consider whether the information is materially inconsistent with the annual accounts and consolidated accounts. In this procedure we also take into account our knowledge otherwise obtained in the audit and assess whether the informa- tion otherwise appears to be materially misstated. If we, based on the work performed concerning this information, conclude that there is a material misstate- ment of this other information, we are required to report that fact. We have nothing to report in this regard. In order to verify that sales and purchase contracts are complete, remeasured at market value, comprise existing contracts and that inventory is measured at market price, our audit included a combination of: - Verification that the recognition of entered sales and purchase contracts are complete and measured at market value, and that inventory is measured at market value. - Gained an understanding of, and tested, the internal control aimed at identifying signed sales and purchase contracts, and the measurement of these. In addition, we have also tested the Group’s internal controls for updating and registering market prices. - An analytical review has been conducted of the accounting effects. - We have also carried out a detailed test, in the form of random checks, to ensure the existence and registration of signed sales and purchase contracts, inbound deliveries of inventory, and registered market prices. - In addition, we have assessed the completeness and correctness of the disclosures presented in the annual report.