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OeEB Annual Report 2013
36
Auditor’s report
We have audited the accompanying financial statements, including the accounting system, of
Oesterreichische Entwicklungsbank AG, Vienna, Austria,
for the
fiscal year from 1 January 2013 to 31 December 2013.
These financial statements comprise the balance sheet as of 31 December 2013, the income statement for the
fiscal year ended 31 December 2013, and the notes.
Management’s Responsibility for the Financial Statements
and for the Accounting System
The Company’s management is responsible for the accounting system and for the preparation and fair presen-
tation of these financial statements in accordance with Austrian Generally Accepted Accounting Principles and
Austrian Banking Act. This responsibility includes: designing, implementing and maintaining internal control
relevant to the preparation and fair presentation of financial statements that are free from material misstatem-
ent, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accoun-
ting estimates that are reasonable in the circumstances.
Auditors’ Responsibility and Description
of Type and Scope of the Statutory Audit
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our
audit in accordance with laws and regulations applicable in Austria and Austrian Standards on Auditing. Those
standards require that we comply with professional guidelines and that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of
the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk
assessments, the auditor considers internal control relevant to the Company’s preparation and fair presentation
of the financial 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 Company’s internal control. An audit also
includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting
estimates made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
audit opinion.
Report on the Financial Statements