PREVI :: Relatório Anual 2009

from the Executive Board from the Deliberative Body from the Audit Committee from Plano 1's Consultative Council from PREVI Futuro's Consultative Council

PREVI: About Us, Number of members Mission Statement, Vision, Values Organizational Structure

Investments Governance Social Security

PGA Customer Service Social-Environmental Responsibility People And Processes Risk Planning And Management

Benefit Plan 1 Benefit Plan Previ Futuro Capec plan PGA Risk Assessment Criteria General SER Guidelines

Statement of Financial Position Result Statement Financial Flow Demonstration Asset And Result Statement - Benefit Plan 1 Asset And Result Statement - Benefít Plan PREVI Futuro Asset And Result Statement - Capec Benefit Plan

Independent auditors Audit Committee Deliberative Body

Home >> Opinions >> Opinion of the independent auditors

OPINION OF THE INDEPENDENT AUDITORS

To participants, sponsors, members of the board and directors of PREVI – Banco do Brasil Employee Pension Fund

1. We have examined the balance sheets of PREVI - Banco do Brasil Employee Pension Fund, as they stood on December 31st 2009, the respective result statements, and the financial flow of the fiscal years ending on those dates, as prepared under the responsibility of its management. Our responsibility is to issue an opinion on these accounting statements.

2. Our examinations were carried out pursuant to the audit rules applicable in Brazil and involved: (a) Planning the work, considering the relevance of the balances, the volume of transactions and the internal accounting and control system, (b) the determination, based on tests, of evidence and records that support the announced amounts and accounting information, and (c) the assessment of the most representative accounting practices and estimates adopted by the Insurance Company’s management, in addition to the accounting statement presentation as a whole.

3. In our opinion, the above-mentioned accounting statements appropriately represent, in all relevant aspects, the asset and financial position of PREVI - Banco do Brasil Employee Pension Fund, on December 31st 2009, the result of its operations and its financial flows for the fiscal year ending on that date, as per the accounting practices adopted in Brazil and norms established by the Secretariat of Private Pension Funds.

4. Technical studies were developed in order to implement the Biometric and Economic modifications. In the actuarial reassessment, for the effect of calculating Mathematical Provisions, we used the Mortality Table AT-2000 and actual interest rates of 5.50% per year.

5. The accounting statements for the year ending on December 31st 2008, presented for comparison purposes, were audited by other independent auditors who issued the opinion on February 13th 2009 and had a similar emphasis to the subject described in paragraph 4. In July 2007, PREVI fully implemented the AT-83 Mortality Table, replacing the GAM-83 table which was amortized until the second year, as determined by the Office of Supplemental Pension Plans (SPC).

Rio de Janeiro, February 18th, 2010

Fernando Motta & Associados
Independent Auditors
CRCMG - 757/O - F - RJ

Luiz Alberto Rodrigues Mourao
Accountant
CRCRJ - 046.114/O-3

Previous |

Top