Siemens 2009 Annual Report Download - page 307

219
 Managing Board statements, Independent auditors’ report, Additional information
222 Glossary
225 Index
229 Information resources
230 Siemens’ financial calendar
231 Company structure
233 In dialogue with our investors
INDEPENDENT AUDITORS’ REPORT
We have audited the consolidated financial statements pre-
pared by Siemens Aktiengesellschaft, Berlin and Munich, com-
prising the consolidated balance sheet, the consolidated state-
ments of income, income and expense recognized in equity
and cash flow and the notes to the consolidated financial state-
ments, together with the group management report for the
fiscal year from 1 October 2008 to 30 September 2009. The
preparation of the consolidated financial statements and the
group management report in accordance with IFRS as adopted
by the European Union (EU), and the additional requirements
of German commercial law pursuant to Sec. 315a (1) HGB
[“Handelsgesetzbuch”: “German Commercial Code”] are the re-
sponsibility of the Managing Board of the Company. Our re-
sponsibility is to express an opinion on the consolidated finan-
cial statements and on the group management report based
on our audit. In addition we have been instructed to express an
opinion as to whether the consolidated financial statements
comply with IFRS as issued by the IASB.
We conducted our audit of the consolidated financial state-
ments in accordance with Sec. 317 HGB and German generally
accepted standards for the audit of financial statements pro-
mulgated by the Institut der Wirtschaftsprüfer [Institute of
Public Auditors in Germany] (IDW) and in supplementary com-
pliance with International Standards on Auditing (ISA). Those
standards require that we plan and perform the audit such
that misstatements materially affecting the presentation of
the net assets, financial position and results of operations in
the consolidated financial statements in accordance with the
applicable financial reporting framework and in the group
management report are detected with reasonable assurance.
Knowledge of the business activities and the economic and le-
gal environment of the Group and expectations as to possible
misstatements are taken into account in the determination of
audit procedures. The effectiveness of the accounting-related
internal control system and the evidence supporting the dis-
closures in the consolidated financial statements and the
group management report are examined primarily on a test
basis within the framework of the audit. The audit includes as-
sessing the annual financial statements of those entities in-
cluded in consolidation, the determination of entities to be in-
cluded in consolidation, the accounting and consolidation
principles used and significant estimates made by the Manag-
ing Board, as well as evaluating the overall presentation of the
consolidated financial statements and the group management
report. We believe that our audit provides a reasonable basis
for our opinion.
Our audit has not led to any reservations.
In our opinion, based on the findings of our audit, the consoli-
dated financial statements comply with IFRS as adopted by the
EU and the additional requirements of German commercial
law pursuant to Sec. 315a (1) HGB and IFRS as issued by the
IASB and give a true and fair view of the net assets, financial
position and results of operations of the Group in accordance
with these requirements. The group management report is
consistent with the consolidated financial statements and as a
whole provides a suitable view of the Group’s position and
suitably presents the opportunities and risks of future devel-
opment.
Munich, 24 November 2009
Ernst & Young GmbH
Wirtschaftsprüfungsgesellschaft
Prof. Dr. Pfitzer Krämmer
Wirtschaftsprüfer Wirtschaftsprüfer
[German Public Auditor] [German Public Auditor]