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46 Mondial Assistance Annual Report 2008
Financial results
Report of the Statutory Auditors
on the fi nancial statements to the General Meeting
of Mondial Assistance AG, Wallisellen
As statutory auditor, we have audited the accompanying fi nancial statements on pages 44 to 45 of Mondial Assistance AG,
which comprise the balance sheet, income 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 fi nancial statements in accordance with the requirements of
Swiss law and the company’s articles of incorporation. This responsibility includes designing, implementing and maintaining
an internal control system relevant to the preparation of 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 fi nancial statements based on our audit. We conducted our audit in accor-
dance with Swiss law and Swiss Auditing Standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance whether the fi nancial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the fi nancial statements.
The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of
the 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 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 accounting policies used and the reasonableness
of accounting estimates made, as well as evaluating the overall presentation of the 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 fi nancial statements for the year ended December 31, 2008 comply with Swiss law and the company’s
articles of incorporation.
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.
In accordance with article 728a paragraph 1 item 3 CO and Swiss Auditing Standard 890, we confi rm that an internal control
system exists, which has been designed for the preparation of fi nancial statements according to the instructions of the board
of directors.
We further confi rm that the proposed appropriation of available earnings complies with Swiss law and the company’s articles
of incorporation. We recommend that the 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