Appendice 2
Assurance report
To the board of Auto & Recycling Foundation
Terms of engagements
We have performed an assurance engagement in accordance with Standard 3000 “Assurance engagements other than audits or reviews of historical financial information”. The purpose of our engagement was to obtain reasonable assurance regarding the design and effectiveness of the administrative organisation and system of internal control of Auto & Recycling Foundation during the 2009 financial year with regard to the goods-flow and payment of premiums. Our assurance engagement was also intended to obtain reasonable assurance that the quantities of materials collected and processed as reported in table 1 of the 2009 sustainability report (page 30) are presented correctly in all material respects.
Criteria
The administrative organisation and the system of internal control with respect to the goods-flow must be set up and work in such a way that it can be established, on the basis of ORAD registrations by contracted car dismantling companies, that all materials supplied by these car dismantling companies are collected by contracted collectors and accepted for processing by contracted processing companies.
The administrative organisation and the system of internal control with respect to the payment of premiums must ensure that premiums are paid correctly. In view of the restrictions inherent to any system of internal control, errors and irregularities may occur that are not discovered by internal control.
Responsibility of the management
The management of the Foundation is responsible for the design and continuous effectiveness of an adequate administrative organisation and system of internal control. The management of the Foundation is also responsible for the information contained in table 1 of the 2009 sustainability report (page 30).
Responsibility of the accountant
Our responsibility is to express our conclusion concerning the design and effectiveness of the administrative organisation and the system of internal control, as well as our conclusion concerning the accuracy of the information regarding the quantities of materials collected and processed in table 1 of the 2009 sustainability report (page 30) in an assurance report.
We performed our work in accordance with Dutch law, which includes rules of conduct including requirements with regard to the independence of members of the assurance team.
The principal procedures for the performance of our assurance engagement comprised:
- identifying inherent risks with respect to the management of the goods-flow and the payment of premiums and investigating the extent to which those risks are covered by internal control;
- carrying out observations to assess whether the internal control worked effectively during the year under review, in as far as they were relevant for our engagement;
- establishing that the quantities of materials collected and processed in 2009 are accurately reported in table 1 of the 2009 sustainability report (page 30) through a combination of interviews with the officials responsible for measurement and registration, analytical review of the figures, association testing and substantive testing. We performed substantive testing (ad random) based on internal and external data.
In our opinion the information we acquired is sufficient and a suitable basis for our conclusion.
Conclusion
On the basis of our work we conclude that the administrative organisation and the system of internal control with respect to the goods-flow and the payment of premiums during the 2009 financial year were in all material respects designed adequate and worked effective.
On the basis of our work we also conclude that the quantities of materials collected and processed as reported in table 1 of the 2009 sustainability report (page 30) are in all material respects accurate.
‘s-Hertogenbosch, 18th May 2010
KPMG ACCOUNTANTS N.V.
R.P.A.M. Engelen RA
