15-36 LO 2 What conditions must be present for an auditor to be able to issue a standard unqualified audit report similar to the ones presented in Exhibit 15.1? 1 5-37 726 CHAPTER 15 Audit Reports on Financial Statements EXHIBIT 15.1 Examples of Unqualified Audit Reports (continued) three year period ended 30 June 2013 on pages 159 to 245, including the disclosures identified as 'part of the audhed thin the 'Critical accounting policies' section on poges 82 to 83, the Share and other interests on pages 134 to 135, the 'Key management personnel related party transactions' on poges 135 to 136 and the Principo group compaies' on page 246. These consolidated financial statements ore the responsibility of Diogeo ple's manage ment. Our responsibility is to express an opinion on these consolidated financial statements based on our audits We conducted our audits in accordance with the stondards of the Public Company Accounting Oversight Board U.S.J. Tho the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence sup porting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting prin ciples used and significant estimates made by management, as well as evaluating the overall financial stotement presentation. We believe that our audits provide a reasonable basis for our opiniorn se standards require that we plan and perform the audit to obtain reasonable assurance about whether In our opinion, the consolidated financial statements referred to above present fairly,. in all material respects, the financial position of Diageo plc and subsidiaries as of 30 June 2013, and 2012, and the results of their operations and their cash flows for each of the years in the three year period ended 30 June 2013, in conformity with Interno- tional Financial Reporting Standards [IFRSI as issued by the International Accounting Standards Board and IFRS as adopted by the European Union We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (U.S.) Diageo plc's internal control over financial reporting as of 30 June 2013, based on criteria established in Interna Controf-Integrated Framework (1992) issued by the Commitee of Sponsoring Organizations of the Treadway Com mission (COSO), and our report dated 30 July 2013 expressed an unqualified opinion on the effectiveness of the company's internal control over financial reporting s Adiu KPMG Audit Plc London, England 30 July 2013 Source: DIAGEO pe. Form 20f. p. 158, vie EDGAR, s hives/edgar/data/835403/000104746 wsecgov/Archives/edgar/data/B35403/0001047 199 te SEC websir. h p. /w 913008348 2216206z20&htm#rp af See 4691300834B/a2216206z20f.hlmdcirpaf p n