What are the financial reporting risks?

Bondora Group prepares its financial statements in accordance with the IFRS, but accounting standards may be subject to change over time. If new rules or interpretations of existing rules require financial reporting changes, operational results and financial conditions could be materially adversely affected, and Bondora Group could be required to restate historical financial results.

The preparation of IFRS-compliant financial statements requires the Management Board and other members of management to make estimates and assumptions that determine the reported values of assets and liabilities; the contingent asset and liability disclosures on consolidated financial statement dates; and the reported revenues and expenses during the relevant periods. It also requires the Management Board and other members of management to exercise their judgment in applying accounting policies. There is a risk that such estimates, assumptions or judgments do not accurately reflect Bondora Groups financial position.

Bondora Group’s accounts are audited annually by KPMG; PricewaterhouseCoopers is the internal auditor for compliance-related matters.