225 ANNUAL REPORT 2010 ❏ OTHER INFORMATION INDEPENDENT AUDITOR’S REPORT REPORT ON THE CONSOLIDATED FINANCIAL  STATEMENTS MANAGEMENT’S RESPONSIBILITY AUDITOR’S RESPONSIBILITY OPINION WITH RESPECT TO THE CONSOLIDATED  FINANCIAL STATEMENTS REPORT ON OTHER LEGAL AND REGULATORY  REQUIREMENTS ERNST & YOUNG ACCOUNTANTS LLP TO: THE SUPERVISORY BOARD AND THE  EXECUTIVE BOARD OF AEGON N.V. We have audited the accompanying consolidated financial  statements 2010 of AEGON N.V., The Hague (as set out on pages  80 to 224, and comprise the consolidated balance sheet as at  December 31, 2010, the consolidated income statement,  statement of comprehensive income, statement of changes in  equity and cash flow statement for the year then ended and  notes, comprising a summary of the significant accounting  policies and other explanatory information. Management is responsible for the preparation and fair  presentation of these consolidated financial statements in  accordance with International Financial Reporting Standards as  adopted by the European Union and with Part 9 of Book 2 of  the Dutch Civil Code, and for the preparation of the Report of  the Executive Board in accordance with Part 9 of Book 2 of the  Dutch Civil Code. Furthermore management is responsible for  such internal control as it determines is necessary to enable the  preparation of the consolidated Financial statements that are  free from material misstatement, whether due to fraud or error. Our responsibility is to express an opinion on these  consolidated financial statements based on our audit. We  conducted our audit in accordance with Dutch law, including the  Dutch Standards on Auditing. This requires that we comply with  ethical requirements and plan and perform the audit to obtain  reasonable assurance about whether the consolidated financial  statements are free from material misstatement. An audit involves performing procedures to obtain audit  evidence about the amounts and disclosures in the consolidated  financial statements. The procedures selected depend on the  auditor’s judgment, including the assessment of the risks of  material misstatement of the consolidated financial statements,  whether due to fraud or error. In making those risk assessments, the auditor considers  internal control relevant to the entity’s preparation and fair  presentation of the consolidated financial statements in order  to design audit procedures that are appropriate in the  circumstances, but not for the purpose of expressing an opinion  on the effectiveness of the entity’s internal control. An audit  also includes evaluating the appropriateness of accounting  policies used and the reasonableness of accounting estimates  made by management, as well as evaluating the overall  presentation of the consolidated financial statements. We believe that the audit evidence we have obtained is  sufficient and appropriate to provide a basis for our audit In our opinion, the consolidated financial statements give a true  and fair view of the balance sheet of AEGON N.V. as at  December 31, 2010 its result and its cash flows for the year then  ended in accordance with International Financial Reporting  Standards as issued by the IASB , as adopted by the European  Union and with Part 9 of Book 2 of the Dutch Civil Code. Pursuant to the legal requirement under Section 2:393 sub 5 at  e and f of the Dutch Civil Code, we have no deficiencies to  report as a result of our examination whether the Report of the  Executive Board, to the extent we can assess, has been  prepared in accordance with Part 9 of Book 2 of this Code, and  whether the information as required under Section 2:392 sub 1  at b-h has been annexed. Further we report that the Report of  the Executive Board, to the extent we can assess, is consistent  with the consolidated financial statements as required by  Section 2:391 sub 4 of the Dutch Civil Code. The Hague, March 23, 2011 signed by A.F.J. van Overmeire SHARPENING OUR FOCUS