Report on the other information included in
the annual report
Report on other legal and regulatory
requirements
Responsibilities for the financial statements
and audit
Inhoudsopgave Voorwoord Bestuursverslag Corporate governance
Consolidated Financial Statements Company Financial Statements Pillar 3
In addition to the financial statements and our auditor's report
thereon, the annual report contains other information that
consists of:
the chairman's foreword
the management report;
the corporate governance report
the other information pursuant to Part 9 of Book 2 of the
Dutch Civil Code;
Based on the procedures performed as set out below, we
conclude that the other information:
is consistent with the financial statements and does not
contain material misstatements;
contains all information that is required by Part 9 of Book 2 of
the Dutch Civil Code.
We have read the other information. Based on our knowledge
and understanding obtained in our audit of the financial
statements or otherwise, we have considered whether the other
information contains material misstatements.
By performing our procedures, we comply with the
requirements of Part 9 Book 2 of the Dutch Civil Code and
the Dutch Standard 720. The scope of such procedures were
substantially less than the scope of those performed in our
audit of the financial statements.
The Executive Board is responsible for the preparation of the
other information, including the management report and
the other information pursuant to Part 9 Book 2 of the Dutch
Civil Code.
Our appointment
We were appointed as auditors of Coöperatieve Rabobank U.A.
on 18 June 2015 by the Supervisory Board following the passing
of a resolution by the members at the General Members
Council held on 18 June 2015 for a total period of uninterrupted
engagement appointment of 4 calendar years, 2016.2017, 2018
and 2019.This resolution is subject to be renewed annually
by members.
Responsibilities of the Executive Board and the
Supervisory Board for the financial statements
The Executive Board is responsible for:
the preparation and fair presentation of the financial
statements in accordance with EU-IFRS and with Part 9 of
Book 2 of the Dutch Civil Code; and for
such internal control as the Executive Board determines
is necessary to enable the preparation of the financial
statements that are free from material misstatement, whether
due to fraud or error.
As part of the preparation of the financial statements, the
Executive Board is responsible for assessing the company's
ability to continue as a going concern. Based on the financial
reporting frameworks mentioned, the Executive Board should
prepare the financial statements using the going-concern basis
of accounting unless the Executive Board either intends to
liquidate the company or to cease operations, or has no realistic
alternative but to do so. The Executive Board should disclose
events and circumstances that may cast significant doubt on
the company's ability to continue as a going concern in the
financial statements. The Supervisory Board is responsible for
overseeing the company's financial reporting process.
Our responsibilities for the audit of the financial
statements
Our responsibility is to plan and perform an audit engagement in
a mannerthat allows us to obtain sufficient and appropriate audit
evidence to provide a basis for our opinion. Our audit opinion
aims to provide reasonable assurance about whether the financial
statements are free from material misstatement. Reasonable
assurance is a high but not absolute level of assurance which
makes it possible that we may not detect all misstatements.
Misstatements may arise due to fraud or error. They are
considered to be material if, individually or in the aggregate,
they could reasonably be expected to influence the economic
decisions of users taken on the basis of the financial statements.
Materiality affects the nature, timing and extent of our audit
procedures and the evaluation of the effect of identified
misstatements on our opinion.
A more detailed description of our responsibilities is set out in
the appendix to our report.
Amsterdam, 8 March 2017
PricewaterhouseCoopers Accountants N.V.
Original has been signed by P.J. van Mierlo RA
251 Independent auditor's report
