Volvo 2000 Annual Report Download - page 95

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93
Auditors’ report for AB Volvo
We have audited the annual accounts and the consolidated accounts on pages 18–92 and the
accounting records and the administration of the Board of Directors and the President of AB
Volvo for the year 2000. These accounts and the administration of the Company are the
responsibility of the Board of Directors and the President. Our responsibility is to express an
opinion on the annual accounts, the consolidated accounts and the administration, based on
our audit.
We conducted our audit in accordance with generally accepted auditing standards in
Sweden. Those standards require that we plan and perform the audit to obtain reasonable
assurance that the annual accounts and the consolidated accounts are free of material misstate-
ment. An audit includes examining, on a test basis, evidence supporting the amounts and dis-
closures in the accounts. An audit also includes evaluating the accounting principles used and
their application by the Board of Directors and the President, as well as evaluating the overall
presentation of information in the annual accounts and consolidated accounts. As a basis for
our opinion concerning discharge from liability, we examined significant decisions, actions taken
and circumstances of the Company in order to determine the liability, if any, to the Company
of any Board member, or the President. We also examined whether any Board member or the
President has, in any other way, acted in contravention of the Companies Act, the Annual
Accounts Act, or the Company’s Articles of Association. We believe that our audit provides a
reasonable basis for our opinion set out below.
The annual accounts and consolidated accounts have been prepared in accordance with the
Annual Accounts Act and, thereby, give a true and fair view of the Company’s and the Group’s
financial position and results of operations in accordance with generally accepted accounting
principles in Sweden.
We recommend to the general meeting of shareholders that the income statements and bal-
ance sheets of the Parent Company and the Group be adopted, that the profit of the Parent
Company be dealt with in accordance with the proposal in the Board of Directors’ Report, and
that the members of the Board of Directors and the President be discharged from liability for
the financial year.
Göteborg, February 1, 2001
Olof Herolf Olov Karlsson
Authorized Public Accountant Authorized Public Accountant
PricewaterhouseCoopers PricewaterhouseCoopers