RBS 2014 Annual Report Download - page 125

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RBS – Interim Results 2015
Independent review report to The Royal Bank of Scotland Group plc
We have been engaged by The Royal Bank of Scotland Group plc (“the Company”) to review the condensed
consolidated financial statements in the half-yearly financial report for the six months ended 30 June 2015
which comprise the condensed consolidated income statement, the condensed consolidated statement of
comprehensive income, the condensed consolidated balance sheet, the condensed consolidated statement
of changes in equity, the condensed consolidated cash flow statement, related Notes 1 to 21, the financial
information in the segment results on pages 26 to 66, and the Capital and risk management disclosures set
out in Appendix 1 except for those indicated as not reviewed (together “the condensed consolidated financial
statements”). We have read the other information contained in the half-yearly financial report and considered
whether it contains any apparent misstatements or material inconsistencies with the information in the
condensed financial statements.
This report is made solely to the Company in accordance with International Standard on Review
Engagements (UK and Ireland) 2410 ‘Review of Interim Financial Information Performed by the Independent
Auditor of the Entity’ issued by the Auditing Practices Board. Our work has been undertaken so that we
might state to the Company those matters we are required to state to them in an independent review report
and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to
anyone other than the Company, for our review work, for this report, or for the conclusions we have formed.
Directors' responsibilities
The half-yearly financial report is the responsibility of, and has been approved by, the directors. The directors
are responsible for preparing the half-yearly financial report in accordance with the Disclosure and
Transparency Rules of the United Kingdom’s Financial Conduct Authority.
As disclosed in Note 1, the annual financial statements of the Group are prepared in accordance with IFRSs
as adopted by the European Union. The condensed consolidated financial statements included in this half-
yearly financial report have been prepared in accordance with International Accounting Standard 34, ‘Interim
Financial Reporting’, as adopted by the European Union.
Our responsibility
Our responsibility is to express to the Company a conclusion on the condensed consolidated financial
statements in the half-yearly financial report based on our review.
Scope of review
We conducted our review in accordance with International Standard on Review Engagements (UK and
Ireland) 2410 ‘Review of Interim Financial Information Performed by the Independent Auditor of the Entity’
issued by the Auditing Practices Board for use in the United Kingdom. A review of interim financial
information consists of making inquiries, primarily of persons responsible for financial and accounting
matters, and applying analytical and other review procedures. A review is substantially less in scope than an
audit conducted in accordance with International Standards on Auditing (UK and Ireland) and consequently
does not enable us to obtain assurance that we would become aware of all significant matters that might be
identified in an audit. Accordingly, we do not express an audit opinion.