icrc-annual-report-2013

Ernst & Young LtdRoute de Chancy 59P.O. BoxCH-1213 GenevaPhone +41 58 286 56 56Fax +41 58 286 56 57www.ey.com/chTo the Assembly ofThe International Committee of the Red Cross (ICRC), GenevaGeneva, 3 April 2014Report of the independent auditor on the consolidated financial statementsAs independent auditor and in accordance with your instructions, we have audited theaccompanying consolidated financial statements of the International Committee of the Red Cross(ICRC) (consolidated statement of financial position, consolidated statement of comprehensive income,consolidated statement of cash-flows, consolidated statement of changes in reserves and notes) on pages531 to 564 for the year ended 31 December 2013.Directorateʼs and Assemblyʼs responsibilityThe Directorate and Assembly are responsible for the preparation and fair presentation of the consolidatedfinancial statements in accordance with the requirements of International Financial Reporting Standards(IFRS). This responsibility includes designing, implementing and maintainingan internal control system relevant to the preparation of consolidated financial statements that are freefrom material misstatement, whether due to fraud or error. The Directorate and Assembly are furtherresponsible for selecting and applying appropriate accounting policies and making accounting estimatesthat are reasonable in the circumstances.Auditorʼs responsibilityOur responsibility is to express an opinion on these consolidated financial statements based on our audit.We conducted our audit in accordance with International Standards on Auditing. Those standards requirethat we plan and perform the audit to obtain reasonable assurance whether the financial statements arefree from material misstatement.An audit involves performing procedures to obtain audit evidence about the amounts and disclosuresin the consolidated financial statements. The procedures selected depend on the auditorʼs judgment,including the assessment of the risks of material misstatement of the consolidated financial statements,whether due to fraud or error. In making those risk assessments, the auditor considers the internal controlsystem relevant to the entityʼs preparation of the consolidated financial statements in order to design auditprocedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion onthe effectiveness of the entityʼs internal control system. An audit also includes evaluating theappropriateness of the accounting policies used and the reasonableness of accounting estimates made,as well as evaluating the overall presentation of the consolidated financial statements. We believe that theaudit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.OpinionIn our opinion, the consolidated financial statements for the year ended 31 December 2013 give a true andfair view of the financial position, the results of operations and the cash flows in accordance with IFRS.Ernst & Young LtdLaurent BludzienLicensed audit expert(Auditor in charge)Thomas MadoeryLicensed audit expertCONSOLIDATED FINANCIAL STATEMENTS OF THE ICRC 2013 | 565