Access America 2008 Annual Report Download - page 47

Download and view the complete annual report

Please find page 47 of the 2008 Access America annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 54

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54

Mondial Assistance Annual Report 2008 43
Report of the Group Auditors
on the consolidated fi nancial statements to the Board
of Directors of Mondial Assistance AG, Wallisellen
As group auditor, we have audited the accompanying consolidated financial statements on pages 30 to 42 of
Mondial Assistance AG, which comprise the balance sheet, income statement, cash fl ow statement and notes for the year
ended December 31, 2008.
Board of Directors’ Responsibility
The board of directors is responsible for the preparation of the consolidated fi nancial statements in accordance with the require-
ments of Swiss law and the consolidation and valuation principles as set out in the notes. This responsibility includes designing,
implementing and maintaining an internal control system relevant to the preparation of consolidated fi nancial statements that
are free from material misstatement, whether due to fraud or error. The board of directors is further responsible for selecting
and applying appropriate accounting policies and making accounting estimates that are reasonable in the circumstances.
Auditor’s Responsibility
Our responsibility is to express an opinion on these consolidated fi nancial statements based on our audit. We conducted our
audit in accordance with Swiss law and Swiss Auditing Standards. Those standards require that we plan and perform the audit
to obtain reasonable assurance whether the consolidated fi nancial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated
fi nancial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of
material misstatement of the consolidated fi nancial statements, whether due to fraud or error. In making those risk assessments,
the auditor considers the internal control system relevant to the entity’s preparation of the consolidated fi nancial statements in
order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on
the effectiveness of the entity’s internal control system. An audit also includes evaluating the appropriateness of the account-
ing policies used and the reasonableness of accounting estimates made, as well as evaluating the overall presentation of the
consolidated fi nancial statements. We believe that the audit evidence we have obtained is suffi cient and appropriate to provide
a basis for our audit opinion.
Opinion
In our opinion, the consolidated fi nancial statements for the year ended December 31, 2008 comply with Swiss law and the
consolidation and valuation principles as set out in the notes.
Report on Other Legal Requirements
We confi rm that we meet the legal requirements on licensing according to the Auditor Oversight Act (AOA) and independence
(article 728 CO and article 11 AOA) and that there are no circumstances incompatible with our independence.
We recommend that the consolidated fi nancial statements submitted to you be approved.
KPMG AG
Ian Sutcliffe Cécile Martenet
Licensed Audit Expert Licensed Audit Expert
Auditor in Charge
Zurich, March 24, 2009