Investor Presentaiton
2016 Braskem | Annual Report
The selected procedures were based on our understanding of the
issues related to the compilation, materiality and presentation of the
information disclosed in the 2016 Annual Report, other engagement
circumstances and considerations regarding areas and procedures
associated with the material sustainability information disclosed in
the 2016 Annual Report where material misstatement could exist.
The procedures consisted of:
(a) planning: consideration of the materiality of aspects to
Braskem's activities, relevance of the information disclosed, amount
of quantitative and qualitative information and operational systems
and internal controls that served as a basis for preparation of the
information in the 2016 Annual Report. This analysis defined the
indicators to be tested in detail;
(b) understanding and analysis of the information disclosed related
to the management of material aspects;
(c) analysis of processes for the preparation of the 2016 Annual
Report and its structure and content, based on the Principles
for Defining Report Content and Quality of the Global Reporting
Initiative GRI (GRI-G4);
(d) evaluation of indicators and other non-financial information:
understanding the calculation methodology and procedures for
the compilation of indicators through interviews with managers
responsible for preparing the information;
•
application of analytical procedures on the quantitative information
and questions about qualitative information and their correlation
with indicators disclosed in the 2016 Annual Report;
analysis of evidence supporting the information disclosed;
visits to four of Braskem's operational units and its head office for
application of these procedures, as well as of items (b) and (c);
(e) plausibility analysis of the reasons for omissions of performance
indicators associated with topics and aspects identified as material
through the Company's materiality assessment; and
We believe the information, evidence and results we have obtained
are sufficient and appropriate to provide a basis for our limited
conclusion.
Scope and limitations
The procedures applied in a limited assurance engagement are
substantially less extensive than those applied in a reasonable
assurance engagement. Therefore, we cannot ensure we are aware
of all the issues that would have been identified in a reasonable
assurance engagement, which aims to issue an opinion. If we had
conducted a reasonable assurance engagement, we may have
identified other issues and possible misstatements within the
information presented in the 2016 Annual Report.
Nonfinancial data is subject to more inherent limitations than
financial data, due to the nature and diversity of the methods
used to determine, calculate or estimate this data. Qualitative
interpretations of the data's materiality and accuracy are subject
to individual presumptions and judgments. Additionally, we did
not examine data regarding prior periods to assess the adequacy
of policies, practices and sustainability performance, nor future
projections data.
Conclusion
Based on our review, nothing has come to our attention to
indicate that Braskem's 2016 Annual Report is not presented, in all
material aspects, in accordance with the Global Reporting Initiative
Sustainability Reporting Guidelines (GRI-G4), and with its source
records and files.
São Paulo, July 17th, 2017
KPMG Assessores Ltda.
CRC 2SP034262/0-4 F-SP
Eduardo V. Cipullo
Accountant CRC 1SP135597/0-6
KPMG Financial Risk & Actuarial
Services Ltda.
Ricardo Algis Zibas
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