2. In the planning memorandum your planned approach with regard to the significant risks for material misstatement has been reported to us. Based upon the Group Audit Instructions paragraph 11 we’ve included an overview of all significant risks identified and the audit procedures that we require the component auditors to perform at a minimum. Not all these audit procedures have been recorded in your audit approach in the Planning Memorandum. Please perform these procedures or explain why you believe it is not necessary.