S S TR However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the company and management. TR A A TE – We obtained an understanding of the legal and regulatory frameworks that are applicable to the group and determined that the most significant are TE G G I I C frameworks which are directly relevant to specific assertions in the financial statements are those that relate to the reporting framework (UK adopted C R R international accounting standards, FRS 101, the Companies Act 2006 and UK Corporate Governance Code). E E P – We understood how Aston Martin Lagonda Global Holdings plc is complying with those frameworks by making enquiries of management, internal audit, P O O R those responsible for legal and compliance procedures and the company secretary. We corroborated our enquiries through our review of board minutes, R T papers provided to the Audit Committee and correspondence received from regulatory bodies. T – We assessed the susceptibility of the group’s financial statements to material misstatement, including how fraud might occur by meeting with G management and internal audit to understand where they considered there was susceptibility to fraud. We also considered performance targets and the G O O VE potential incentives or opportunities to manage earnings or influence the perceptions of analysts. We considered the programmes and controls that the VE R Group has established to address risks identified, or that otherwise prevent, deter and detect fraud; and how senior management monitors those R NAN programs and controls. Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk. These NAN procedures included testing manual journals and were designed to provide reasonable assurance that the financial statements were free from material C C E fraud. E – Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Our procedures involved understanding management’s internal controls over compliance with laws and regulations; enquiries of legal counsel, Group management, internal audit, F F I and full and specific scope management; reading internal audit reports and whistleblowing summaries provided to the Audit Committee and performing I NAN focused testing, as referred to in the key audit matters section above. NAN C – Specific enquiries were made with the component team to confirm any non-compliance with laws and regulations and this was reported through their C IAL audit deliverables based on the procedures detailed in the previous paragraph. IAL S S T T A A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at https://www.frc. A T T E org.uk/auditorsresponsibilities. This description forms part of our auditor’s report. E M M E E N N T OTHER MATTERS WE ARE REQUIRED TO ADDRESS T S – Following the recommendation from the audit committee we were appointed by the company on 24 July 2019 to audit the financial statements for the S year ending 31 December 2019 and subsequent financial periods. F F U U R R T The period of total uninterrupted engagement including previous renewals and reappointments is five years, covering the years ending 2019 to 2023. T H H E E R R INF – The audit opinion is consistent with the additional report to the audit committee. INF OR USE OF OUR REPORT OR M This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been M A A T undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. T I I ON To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, ON for our audit work, for this report, or for the opinions we have formed. SIMON O’NEILL (SENIOR STATUTORY AUDITOR) FOR AND ON BEHALF OF ERNST & YOUNG LLP, STATUTORY AUDITOR Birmingham 27 February 2024 ASTON MARTIN LAGONDA ANNUAL REPORT AND ACCOUNTS 2023 141