Aviva 2002 Annual Report Download - page 112

Auditors’ report to the directors of Aviva plc on the alternative
method of reporting long-term business profits
We have audited the supplementary information on pages 92 to 97 in respect of the year ended 31 December 2002, which comprises
the Summarised profit and loss account – achieved profit basis and the related notes and analyses. The supplementary information
has been prepared in accordance with the achieved profit basis, using the methodology and assumptions set out on pages 96 to 97.
The supplementary information should be read in conjunction with the accounts prepared on the modified statutory solvency basis,
which are on pages 44 to 90.
This report is made solely to the Company’s directors, as a body. Our audit work has been undertaken so that we might state to the
Company’s directors those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent
permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company’s directors as a body,
for our audit work in respect of this report, for this report, or for the opinions we have formed.
Respective responsibilities of directors and auditors
The directors are responsible for preparing the Annual report, including, as described on page 43, the accounts prepared on the
modified statutory solvency basis. Our responsibilities in relation to the Annual Report, including those accounts, are set out on page 43.
The directors are also responsible for preparing the supplementary information on the above achieved profits basis.
Our responsibilities, as independent auditors, in relation to the supplementary information are established in the United Kingdom
by the Auditing Practices Board and our profession’s ethical guidance. We report to you our opinion as to whether the supplementary
information has been properly prepared in accordance with the achieved profit basis. We also report to you if we have not received
all the information and explanations we require for our audit of the supplementary information.
We also read the other information in the Annual Report and consider the implications for our report if we become aware of any
apparent misstatements or material inconsistencies with the supplementary information. This other information comprises the
Chairman’s statement, Group Chief Executive’s review, Operating review, Financial review, the Directors’ report and Corporate
governance statement.
Basis of audit opinion
We conducted our audit in accordance with Auditing Standards issued by the Auditing Practices Board. An audit includes examination,
on a test basis, of evidence relevant to the amounts and disclosures in the supplementary information. It also includes an assessment of
the significant estimates and judgements made by the directors in the preparation of the supplementary information, and of whether
the accounting policies are appropriate to the Group’s circumstances, consistently applied and adequately disclosed.
We planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order to
provide us with sufficient evidence to give reasonable assurance that the supplementary information stated on the achieved profits basis
is free from material misstatement, whether caused by fraud or other irregularity or error. In forming our opinion, we also evaluated the
overall adequacy of the presentation of the supplementary information.
Opinion
In our opinion, the supplementary information for the year ended 31 December 2002 has been properly prepared in accordance with
the achieved profit basis, using the methodology and assumptions set out on pages 96 to 97.
Ernst & Young LLP
London
25 February 2003
Alternative method of reporting long-term business continued
98 Aviva plc
Annual report + accounts 2002