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Independent Auditor's Report
Report on other legal and regulatory requirements
Heineken N.V.
Annual Report 2020
Introduction
Report of the
Executive Board
Report of the
Supervisory Board
Financial
Statements
Sustainability
Review
Other
Information
Internal controls over financial reporting
Risk HEINEKEN has implemented a control framework and operates various systems, processes
and procedures that are important for reliable financial reporting. These systems and
processes are operated both centrally as well as locally.
We identified the Company's internal controls over financial reporting as an area of focus as
we consider internal controls over financial reporting as a basis for designing our procedures
for the audit. In those instances where accounting procedures, associated IT and process
level controls are not designed and/or effectively implemented, there are risks associated
with financial reporting to which we need to tailor our substantive audit procedures.
How the scope Our procedures in the context of our audit engagement included the following,
of our audit
responded
to the risk
among others:
- We performed audit procedures on both the centrally and locally established process level
controls of the Company, including those relating to the various IT platforms.
- We performed walkthroughs to gain an understanding of the entity and to identify
relevant controls.
- We tested the design of those controls and, where effective for the audit, we also tested
their operating effectiveness.
- In cases of deficiencies, we evaluated compensating controls and measures of the
Company and tailored our procedures performed incremental substantive to address
the risk.
- We evaluated the information on internal controls in the Risk Management and Corporate
Governance section of the Report of the Executive Board.
We note however that we are not required nor engaged to perform an audit of internal
controls over financial reporting. Accordingly, we do not express an opinion on the
effectiveness of HEINEKEN's internal controls over financial reporting.
Observation We communicated our observations on internal controls over financial reporting to
the Company's Audit Committee. In our audit, and where deemed necessary, we have
mitigated the effect of internal control observations through testing alternative controls
or by extending our substantive audit procedures. Overall, we have obtained sufficient and
appropriate evidence in response to the financial reporting risks.
Report on the other information included in the Annual Report 2020
In addition to the financial statements and our auditor's report thereon, the Annual report 2020 contains
other information that consists of:
- Report of the Executive Board;
- Report of the Supervisory Board;
- Other Information pursuant to Part 9 of Book 2 of the Dutch Civil Code; and
- Other information included in the Annual Report.
Based on the following procedures performed, we conclude that the other information:
- is consistent with the financial statements and does not contain material misstatements; and
- Contains the information as required by Part 9 of Book 2 of the Dutch Civil Code.
We have read the other information. Based on our knowledge and understanding obtained through our
audit of the financial statements or otherwise, we have considered whether the other information contains
material misstatements.
By performing these procedures, we comply with the requirements of Part 9 of Book 2 of the Dutch Civil Code
and the Dutch Standard 720. The scope of the procedures performed is substantially less than the scope of
those performed in our audit of the financial statements.
The Executive Board is responsible for the preparation of the other information, including the Report of the
Executive Board in accordance with Part 9 of Book 2 of the Dutch Civil Code and other information pursuant
to Part 9 of Book 2 of the Dutch Civil Code.
Engagement
We were engaged by the supervisory board as auditor of Heineken N.V. on April 24, 2014 as of and for the year
ending 31 December 2015 and have operated as statutory auditor ever since that financial year.
No prohibited non-audit services
We have not provided prohibited non-audit services as referred to in Article 5(1) of the EU Regulation on
specific requirements regarding statutory audit of public-interest entities.
