Introduction
We have audited the abbreviated financial statements for the year 2007 of Stichting International Institute for Communication and Development at The Hague. The abbreviated financial statements consists of the balance sheet as at 31 December 2007 and the statement of operation income an expenses for the year 2007.These abbreviated financial statements have been derived from the annual accounts of Stichting International Institute for Communication and Development for the year 2007. In our auditors’ report dated 20th May 2008 we expressed an unqualified opinion on these annual accounts. The abbreviated financial statements are the responsibility of the entity’s management. Our responsibility is to express an opinion on these annual accounts based on our audit.
Scope
We conducted our audit in accordance with auditing standards generally accepted in the Netherlands. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the abbreviated financial statements for the year 2007 are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the abbreviated financial statements for the year 2007. An audit also includes assessing the accounting principles used and significant estimates made by the management, as well as evaluating the overall abbreviated financial statements for the year 2007 presentation. We believe that our audit provides a reasonable basis for our opinion.
Opinion
In our opinion, the abbreviated financial statements for the year 2007 are consistent, in all material respects, with the annual accounts 2007 from with they have been derived.
For an understanding of the entity’s financial position and results and for an adequate understanding of the scope of our audit, the abbreviated financial statements should be read in conjunction with the annual accounts from which the abbreviated financial statements have been derived and our unqualified auditors’ report thereon issued on 20th May 2008.
Rotterdam, May 20, 2008.
Borrie & Co, Auditors
drs. M.J. Verhoeve RA
* For the complete annual accounts 2007, including accounting principles and detailed statements, please contact IICD.
