E _ Further Information the executive directors' assessments with regard to the legal financial statements that are free from material misstatement, proceedings and investigations. whether due to fraud or error. As part of our audit, we also assessed whether the required In preparing the consolidated financial statements, the executive criteria for recognizing a provision are met and whether the directors are responsible for assessing the Group’s ability to continue assessment of the executive directors have been appropriately as a going concern. They also have the responsibility for disclosing, as considered in the measurement of the provision. We were able to applicable, matters related to going concern. In addition, they are satisfy ourselves that the assessment of the legal risks in responsible for financial reporting based on the going concern basis connection with AllianzGI U.S. Structured Alpha Funds and the of accounting unless there is an intention to liquidate the Group or to executive directors' assessment for recognizing and measuring the cease operations, or there is no realistic alternative but to do so. provision were sufficiently documented and substantiated. Furthermore, the executive directors are responsible for the preparation of the group management report that, as a whole, ③ The Company’s disclosures relating to the aforementioned legal provides an appropriate view of the Group’s position and is, in all disputes are contained in section 37 of the notes to the material respects, consistent with the consolidated financial consolidated financial statements. statements, complies with German legal requirements, and appropriately presents the opportunities and risks of future development. In addition, the executive directors are responsible for The executive directors are responsible for the other information. The such arrangements and measures (systems) as they have considered other information comprises the group statement on corporate necessary to enable the preparation of a group management report governance pursuant to § 315d HGB as an unaudited part of the that is in accordance with the applicable German legal requirements, group management report. and to be able to provide sufficient appropriate evidence for the assertions in the group management report. The other information comprises further The supervisory board is responsible for overseeing the Group’s financial reporting process for the preparation of the consolidated − the remuneration report pursuant to § 162 AktG [Aktiengesetz: financial statements and of the group management report. German Stock Corporation Act], for which the supervisory board is also responsible − all remaining parts of the group annual report – excluding cross-references to external information – with the exception of the audited consolidated financial statements, the audited Our objectives are to obtain reasonable assurance about whether the group management report and our auditor’s report consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and whether the group Our audit opinions on the consolidated financial statements and on management report as a whole provides an appropriate view of the the group management report do not cover the other information, and Group’s position and, in all material respects, is consistent with the consequently we do not express an audit opinion or any other form of consolidated financial statements and the knowledge obtained in the assurance conclusion thereon. audit, complies with the German legal requirements and appropriately presents the opportunities and risks of future development, as well as In connection with our audit, our responsibility is to read the other to issue an auditor’s report that includes our audit opinions on the information mentioned above and, in so doing, to consider whether consolidated financial statements and on the group management the other information report. Reasonable assurance is a high level of assurance but is not a − is materially inconsistent with the consolidated financial guarantee that an audit conducted in accordance with § 317 HGB and statements, with the group management report disclosures the EU Audit Regulation and in compliance with German Generally audited in terms of content or with our knowledge obtained in Accepted Standards for Financial Statement Audits promulgated by the audit, or the Institut der Wirtschaftsprüfer (IDW) will always detect a material − otherwise appears to be materially misstated. misstatement. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial statements and this group management report. The executive directors are responsible for the preparation of the consolidated financial statements that comply, in all material respects, We exercise professional judgment and maintain professional with IFRSs as adopted by the EU and the additional requirements of skepticism throughout the audit. We also: German commercial law pursuant to § 315e Abs. 1 HGB and that the consolidated financial statements, in compliance with these − Identify and assess the risks of material misstatement of the requirements, give a true and fair view of the assets, liabilities, financial consolidated financial statements and of the group management position, and financial performance of the Group. In addition, the report, whether due to fraud or error, design and perform audit executive directors are responsible for such internal control as they procedures responsive to those risks, and obtain audit evidence have determined necessary to enable the preparation of consolidated that is sufficient and appropriate to provide a basis for our audit 200 Annual Report 2021 − Allianz Group