Annual Report 2011 - R+V Versicherung

Auditor’s report
We have audited the annual financial statement – consisting of
the balance sheet, profit and loss account and notes – including
the bookkeeping and the management report of R+V Versicherung
AG, Wiesbaden for the fiscal year from 1 January to 31
December 2011. The bookkeeping and the preparation of the
annual financial statements and the management report in
accordance with the provisions of the HGB (Handelsgesetzbuch
– German Commercial Code) are the responsibility of the Board
of Management of the Company. Our responsibility is to make an
assessment of the annual financial statement, including the
bookkeeping and the management report, based on our audit.
We conducted our audit of the annual financial statement in
accordance with § 317 HGB and the generally accepted standards
for the audit of the financial statements promulgated by
the Institut der Wirtschaftsprüfer (IDW) [Institute of Auditors].
Those standards require that we plan and perform the audit in
such a manner that any inaccuracies that materially affect the
presentation of the assets, financial and earnings position in
the annual financial statements in accordance with German
principles of proper accounting and in the management report
are detected with reasonable assurance.
Knowledge of the business activities and the economic and
legal environment of the Company and evaluations of possible
inaccuracies have been taken into account in the determination
of audit procedures. The effectiveness of the internal accounting
control system and the evidence supporting the disclosures in
the books and records, the annual financial statement and the
management report have been examined primarily on the basis
of random samples within the framework of the audit.
Management Report 4 Annual Financial Statements 35 Further Information 62
Auditor’s report
The audit includes an evaluation of the accounting principles
used and significant assessments made by the Board of Management,
as well as an evaluation of the overall presentation of
the annual financial statement and the management report.
We believe that our audit provides a reasonable basis for our
opinion.
Our audit did not give rise to any objections.
In our opinion and based on the findings made during the
audit, the annual financial statement complies with statutory
regulations and gives a true and fair view of the capital investments,
financial situation and profitability of the Company in
accordance with German principles of proper accounting. The
management report corresponds with the annual financial
statement and overall conveys an appropriate presentation
of the Company’s position and suitably presents the risks and
opportunities of future development.
Frankfurt am Main, 5 March 2012
KPMG AG
Wirtschaftsprüfungsgesellschaft
Mehren Horst
Auditor Auditor
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