Auditor Independence Policy
ABN AMRO Group N.V. maintains a policy for appointing, compensating and oversight of external audit firms performing services for which independence is required such as audit services, assurance services and permitted agreed upon procedures.
ABN AMRO and all of its legal entities maintain a strict policy of avoiding any conflict of interest when using the services of the external audit firm. This policy is guided by the following principles:
The external audit firm is not involved in the decision-making process at ABN AMRO.
The external audit firm assures that no direct or indirect financial, business, employment or other relationship exists which would cause an objective, reasonable and informed third party to conclude that the external audit firmís independence has been compromised;
The external audit firm assures that it complies with itsí internal rules regarding Auditor Independence;
The policy should comply with the applicable laws in the Netherlands.
ABN AMRO recognises that its relationship with the external audit firm must be managed in a consistent and transparent manner and is committed to defining clear roles, responsibilities and processes in order to achieve this.