Siemens 2010 Annual Report Download - page 303

147 Consolidated Financial Statements
148 Consolidated Statements of Income
149 Consolidated Statements of Comprehensive Income
150 Consolidated Statements of Financial Position
151 Consolidated Statements of Cash Flow
152 Consolidated Statements of Changes in Equity
154 Notes to Consolidated Financial Statements
(in millions of €, except where otherwise stated
and per share amounts)
261 Additional information

> Comfort letters;
> Employee benefit plan audits;
> SAS  reports;
>
Attestation services subject to regulatory requirements, in-
cluding regulatory advice;
>
Attestation and audits in connection with the European
Community Directive on Waste Electrical and Electronic
Equipment;
>
Attestation of compliance with provisions or calculations
required by agreements;
>
Attest services in accordance with applicable standards,
other than audit services required by statute or other regula-
tion.
Services that are not generally pre-approved as audit or audit-
related services require specific pre-approval by the Audit Com-
mittee. An approval may not be granted if the service falls into
a category of services not permitted by current law or if it is
inconsistent with ensuring the auditor’s independence, as
expressed in the four principles promulgated by the U.S. Secu-
rities and Exchange Commission: () an auditor may not act as
management or an employee of the audit client; () an auditor
may not audit his or her own work; () an auditor may not
serve in an advocacy role for his or her client; and () an audi-
tor may not provide services creating a mutual or conflicting
interest between itself and the audit client.
While non-audit-related services are not prohibited by law,
except for certain types of non-audit services enumerated in
the SEC’s rules, the Audit Committee has decided as a matter
of policy not to engage the principal accountant to provide non
audit-related services unless there is a compelling advantage
to the Company in using the principal accountant and it can
clearly be shown that there is no impairment of independence.
 – Corporate governance
Siemens Aktiengesellschaft, currently the sole German pub-
licly traded corporation consolidated by the Company, provided
the certification required by paragraph  of the German stock
corporation law (AktG). Siemens Aktiengesellschaft made the
certifications available to its shareholders.