Siemens 2009 Annual Report Download - page 306

28
 Reports Supervisory Board /
Managing Board  Corporate Governance  Management’s discussion and analysis  Consolidated Financial Statements
218 Statement of the Managing Board 218 Responsibility statement 219 Independent auditors’ report 220 Five-year summary
STATEMENT OF THE MANAGING BOARD
The Managing Board of Siemens Aktiengesellschaft is respon-
sible for preparing the Consolidated Financial Statements and
Management’s discussion and analysis. Siemens employs ex-
tensive internal controls, company-wide uniform reporting
guidelines and additional measures, including employee train-
ing and continuing education, with the intention that its
financial 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 confirmed to us the correctness of
the financial data they have reported to Siemens’ corporate
headquarters and the effectiveness of the related control sys-
tems. Compliance with the guidelines as well as the reliability
and effectiveness of the control systems are continuously ex-
amined 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 Share-
holders’ Meeting, Ernst & Young GmbH Wirtschaftsprüfungs-
gesellschaft (formerly Ernst & Young Wirtschaftsprüfungsge-
sellschaft Steuerberatungsgesellschaft) has audited the con-
solidated financial statements and management’s discussion
and analysis, and issued an unqualified opinion.
Together with the independent auditors, the Supervisory
Board has thoroughly examined the consolidated financial
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 financial 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 financial
statements give a true and fair view of the assets, liabilities,
financial position and profit or loss of the group, and the
group management report includes a fair review of the de-
velopment and performance of the business and the posi-
tion of the group, together with a description of the princi-
pal opportunities and risks associated with the expected
development of the group.
Munich, November 24, 2009
Siemens AG
The Managing Board
Peter Löscher Wolfgang Dehen Dr. Heinrich Hiesinger
Joe Kaeser Barbara Kux Prof. Dr. Hermann Requardt
Prof. Dr. Siegfried Russwurm Peter Y. Solmssen