Contents Management report Corporate governance Consolidated financial statements Financial statements Pillar 3
Responsibilities of the Board of Directors and the
Supervisory Board
The Board of Directors is responsible for the preparation of
the Report in accordance with the GRI G4 Guidelines. It is
important to view the information in the Report in the context
of these criteria.
As part of this, the Board of Directors is responsible for such
internal control as it determines is necessary to enable
the preparation of the Report that is free from material
misstatement, whether due to fraud or error.
The Supervisory Board is responsible for overseeing Rabobank's
reporting process.
Our responsibility for the audit of the Report
Our objective is to plan and perform the audit assignment in
a manner that allows us to obtain sufficient and appropriate
audit evidence for our opinion.
We apply the 'Nadere voorschriften accountantskantoren ter
zake van assurance opdrachten' and accordingly maintain
a comprehensive system of quality control including
documented policies and procedures regarding compliance
with ethical requirements, professional standards and
applicable legal and regulatory requirements.
The procedures selected depend on our understanding of
the Report and other engagement circumstances, and our
consideration of areas where material misstatements are likely
to arise.The following procedures were performed:
A risk analysis, including a media search, to deepen our
understanding of the relevant issues for Rabobank in the
reporting period;
Evaluating the design and implementation of the reporting
processes and testing the operating effectiveness of
the controls regarding the qualitative and quantitative
information in the Report;
Interviewing relevant staff at corporate and local level
responsible for the sustainability strategy, policies,
communication, implementation and management;
Interviews with relevant staff at corporate and local level
responsible for providing the information in the Report;
Visits to a selection of group divisions to review and test the
source data;
Testing internal and external documentation, based on
sampling, to determine whether the information in the
Report is supported by sufficient evidence;
An analytical review of the data and trend explanations
submitted by the group divisions for consolidation at
group level;
Reviewing and testing the relevant work of Audit Rabobank.
Amstelveen, 17 February 2016
KPMG Advisory N.V.
Our engagement has been performed with a high, but not
absolute, level of assurance, which means we may not have
detected all errors and fraud when these exist.
A.A. Kuijpers
124 Rabobank Annual Report 2015
