Siemens 2008 Annual Report Download - page 316

220 Statement of the Managing Board and Responsibility statement
Statement of the Managing Board
The Managing Board of Siemens Aktiengesellschaft is responsible for preparing the consolidated nancial state-
ments and management’s discussion and analysis. Siemens employs extensive internal controls, company-wide
uniform reporting guidelines and additional measures, including employee training and continuing education,
with the intention that its nancial reporting is conducted in accordance with accepted accounting principles.
The members of the managements of the Sectors and Cross-Sector Businesses as well as the chief executives of
the Siemens companies have conrmed to us the correctness of the nancial data they have reported to Siemens’
corporate headquarters and the effectiveness of the related control systems. Compliance with the guidelines as
well as the reliability and effectiveness of the control systems are continuously examined by the internal corporate
audit function throughout the group.
Our risk management system complies with the requirements of the German Corporation Act (AktG). Our risk
management system is designed to enable the Managing Board to recognize potential risks early on and initiate
timely countermeasures.
In accordance with the resolution made at the Annual Shareholders’ Meeting, KPMG AG Wirtschaftsprüfungs-
gesellschaft (formerly KPMG Deutsche Treuhand-Gesellschaft Aktiengesellschaft Wirtschaftsprüfungsgesellschaft)
has audited the consolidated nancial statements and management’s discussion and analysis, and issued an
unqualied opinion.
Together with the independent auditors, the Supervisory Board has thoroughly examined the consolidated nan-
cial statements, management’s discussion and analysis, and the independent auditors’ report. The result of
this examination is included in the Report of the Supervisory Board (pages 6 to 11 of the nancial section of this
Annual Report).
The Managing Board
of Siemens Aktiengesellschaft
Responsibility statement
To the best of our knowledge, and in accordance with the applicable reporting principles, the consolidated
nancial statements give a true and fair view of the assets, liabilities, nancial position and prot or loss
of the group, and the group management report includes a fair review of the development and performance
of the business and the position of the group, together with a description of the principal opportunities and
risks associated with the expected development of the group.
Munich, November 21, 2008
Siemens AG
The Managing Board
Peter Löscher Wolfgang Dehen Dr. Heinrich Hiesinger
Joe Kaeser Barbara Kux Jim Reid-Anderson
Prof. Dr. Hermann Requardt Dr. Siegfried Russwurm Peter Y. Solmssen