Audit report of a pension fund

The auditors of one of the following institutions - pension funds, vested benefits institutions, pillar 3a institutions and investment foundations as well as the LOB Substitute Occupational Benefit Institution and the LOB Guarantee Fund - have the option of waiving a more detailed description of their responsibilities for the audit of the annual financial statements in their report. Alternatively, a reference to this website can be included in the Audit Report.

The following is a more detailed description of the responsibilities of the auditors of one of the above-mentioned companies. Facilities for auditing the annual financial statements. This more detailed description is part of the report of the institution's auditors.

As part of an audit in accordance with Swiss law and Swiss Auditing Standards (SA-CH), we exercise professional judgment and maintain professional skepticism throughout the audit. In addition:

we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion.
The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the pension fund's internal control1.
we evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made, except for the pension assets and technical provisions2 valued by the pension actuary, in the financial statements and related disclosures