pwc Misstatements may arise due to fraud or error and are considered to be material if, individually or in the aggregate, they could reasonably be expected to influence the decisions of users taken on the basis of the internal control statement. The materiality affects the nature, timing and extent of our assurance procedures and the evaluation of the effect of identified misstatements on our opinion. Procedures performed An assurance engagement includes, amongst others, examining appropriate evidence on a test basis. We have exercised professional judgement and have maintained professional scepticism throughout the assurance engagement, in accordance with the Dutch Standard 3000A, ethical requirements and independence requirements. Our main procedures include: gaining knowledge about Rabobank's internal control over consolidated financial statements, including controls over the effectiveness of such controls in accordance with the criteria as included in COSO criteria; based on this knowledge, assessing of the risks that the internal control statement contains material misstatements; responding to the assessed risks, including the development of an overall approach, and determining the nature, timing and extent of further procedures; performing further procedures clearly linked to the identified risks, using a combination of inspection, observation, confirmation, recalculation, re-run, analytical procedures and making inquiries. Such further procedures involve substantive procedures, including obtaining corroborating information from sources independent of the entity and, depending on the nature of the object, testing the actual effectiveness of the control measures; and evaluating the adequacy of the assurance information. 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 3 of 3 260 About this Chairman's Corporate Consolidated Financial Company Financial Report Foreword Management Report Appendices Governance Statements Statements Annual Report 2018 - Company Financial Statements

Rabobank Bronnenarchief

Annual Reports Rabobank | 2018 | | pagina 262