Attached files
file | filename |
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10-K - FORM 10-K - VOLKSWAGEN AUTO LEASE/LOAN UNDERWRITTEN FUNDING, LLC | k50245e10vk.htm |
EX-31 - EX-31 - VOLKSWAGEN AUTO LEASE/LOAN UNDERWRITTEN FUNDING, LLC | k50245exv31.htm |
EX-33.2 - EX-33.2 - VOLKSWAGEN AUTO LEASE/LOAN UNDERWRITTEN FUNDING, LLC | k50245exv33w2.htm |
EX-35.1 - EX-35.1 - VOLKSWAGEN AUTO LEASE/LOAN UNDERWRITTEN FUNDING, LLC | k50245exv35w1.htm |
EX-34.1 - EX-34.1 - VOLKSWAGEN AUTO LEASE/LOAN UNDERWRITTEN FUNDING, LLC | k50245exv34w1.htm |
EX-33.1 - EX-33.1 - VOLKSWAGEN AUTO LEASE/LOAN UNDERWRITTEN FUNDING, LLC | k50245exv33w1.htm |
EXHIBIT 34.2
Report of Independent Registered Public Accounting Firm
The Board of Directors
Citibank, N.A.:
Citibank, N.A.:
We have examined managements assertion, included in the accompanying Appendix I, that the Agency
and Trust division of Citibank, N.A. (or Company) complied with the servicing criteria set forth
in Item 1122(d) of the Securities and Exchange Commissions Regulation AB for publicly-issued
(i.e., transaction-level reporting initially required under the Securities Exchange Act of 1934, as
amended) automobile loan or lease-backed securities and student loan-backed securities issued on or
after January 1, 2006 for which the Company provides trustee and paying agent services (the
Platform), except for servicing criteria 1122(d)(1)(i)-1122(d)(1)(iv), 1122(d)(2)(i),
1122(d)(2)(iii), 1122(d)(2)(vi)-1122(d)(2)(vii), 1122(d)(3)(i) and 1122(d)(4)(i)-1122(d)(4)(xv),
which the Company has determined are not applicable to the activities it performs with respect to
the Platform, as of and for the twelve months ended December 31, 2010. Management is responsible
for the Companys compliance with those servicing criteria. Our responsibility is to express an
opinion on managements assertion about the Companys compliance based on our examination.
Our examination was conducted in accordance with the standards of the Public Company Accounting
Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence
about the Companys compliance with the servicing criteria specified above and performing such
other procedures as we considered necessary in the circumstances. Our examination included testing
selected asset-backed transactions and securities that comprise the Platform, testing selected
servicing activities related to the Platform, and determining whether the Company processed those
selected transactions and performed those selected activities in compliance with the servicing
criteria. Furthermore, our procedures were limited to the selected transactions and servicing
activities performed by the Company during the period covered by this report. Our procedures were
not designed to determine whether errors may have occurred either prior to or subsequent to our
tests that may have affected the balances or amounts calculated or reported by the Company during
the period covered by this report for the selected transactions or any other transactions. We
believe that our examination provides a reasonable basis for our opinion. Our examination does not
provide a legal determination on the Companys compliance with the servicing criteria.
In our opinion, managements assessment that the Company complied with the aforementioned servicing
criteria as of and for the twelve months ended December 31, 2010 is fairly stated, in all material
respects.
(Signed) KPMG LLP
Chicago, Illinois
February 28, 2011
February 28, 2011