No prohibited non-audit services
To the best of our knowledge and belief, we have not provided prohibited non-audit services as
referred to in Article 5(1) of the European Regulation on specific requirements regarding statutory
audit of public interest entities.
The services, in addition to the audit, that we have provided to the Bank and its controlled entities, for
the period to which our statutory audit relates, are disclosed in note 50 'cost of external independent
auditor' to the financial statements.
Responsibilities for the financial statements and audit
Responsibilities of the Managing Board and the Supervisory Board for
the financial statements
The Managing 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 Managing 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 Managing Board is responsible for assessing
the Bank's ability to continue as a going concern. Based on the financial reporting frameworks
mentioned, the Managing Board should prepare the financial statements using the going-concern basis
of accounting unless the Managing Board either intends to liquidate the Bank or to cease operations,
or has no realistic alternative but to do so. The Managing Board should disclose events and
circumstances that may cast significant doubt on the Bank's ability to continue as a going concern in
the financial statements.
The Supervisory Board is responsible for overseeing the Bank'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 manner that 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, 13 March 2019
PricewaterhouseCoopers Accountants N.V.
Original has been signed by R.E.H.M. van Adrichem RA
Coöperatieve Rabobank UA. - EH44X5NCPJUJ-1288894667-935
Page 15 of 17
About this Chairman's Corporate Consolidated Financial Company Financial
Report Foreword Management Report Appendices Governance Statements Statements