Siemens 2012 Annual Report Download - page 219

135 D. Consolidated Financial Statements
239 E. Additional Information
130 C. Siemens AG (Discussion on basis of
German Commercial Code)
134 C. Notes and forward-looking statements
129 C. Compensation Report, Corporate Governance
statement pursuant to Section a of the
German Commercial Code, Takeover-relevant
information and explanatory report

The activities of our internal corporate audit function form a
further element in the control system. Throughout Siemens
and on a continuous basis, the Siemens’ internal corporate au-
dit function carries out audits with respect to compliance with
guidelines and the reliability and functional operation of our
control system as well as the adequacy and effectiveness of
our risk management system.
In addition, and in accordance with the requirements of the
Sarbanes-Oxley Act, we have rules for accounting-related com-
plaints and a Code of Ethics for Financial Matters to be certi-
fied by the Chief Executive Officer, the Chief Financial Officer,
and the Head of our Financial Reporting and Controlling de-
partment, as well as other senior financial personnel con-
cerned with the financial closing process.
...   
  -  
   (  )
Siemens AG as the parent company of the Siemens Group is in-
tegrated into the company-wide accounting-related internal
control system described above. Generally, the information set
out above also applies for Stand-alone Financial Statements of
Siemens AG prepared in accordance with the German Com-
mercial Code.
The Consolidated Financial Statements are prepared in accor-
dance with IFRS. Where required, i.e., for purposes of prepar-
ing statements for local regulatory or tax purposes, data is ad-
opted in accordance with relevant regulations by means of rec-
onciliation at account level. Accordingly, accurately deter-
mined IFRS closing data also forms an important basis for the
Stand-alone Financial Statements of Siemens AG. In the case
of Siemens AG and other group companies required to prepare
financial statements in accordance with German Commercial
Code, the conceptual framework described above is comple-
mented by our mandatory German Commercial Code closing
guidelines and a German Commercial Code chart of accounts.
The manual and system-based control mechanisms referred to
above generally also apply when reconciling the IFRS closing
data to the Stand-alone Financial Statements of Siemens AG.
The information relating to the systematic monitoring of the
design and operating effectiveness of the accounting-related
internal control system applies only to the Consolidated Finan-
cial Statements in accordance with IFRS.
.  ,   
    a     ,
-    
The Compensation Report outlines the principles underlying
the determination of the total compensation of the members
of the Managing Board of Siemens AG, and sets out the struc-
ture and level of the remuneration of the Managing Board
members. It also describes the policies governing and levels of
compensation paid to Supervisory Board members. The Com-
pensation Report is an integral part of the Combined Manage-
ment Report and is presented in .  .
The Corporate Governance statement pursuant to Section
a of the German Commercial Code is an integral part
of the Combined Management Report and is published on
../-. The Corporate Governance
statement is also presented in .  
.
The Takeover-Relevant Information (pursuant to Sections 
para.  and  para.  of the German Commercial Code) and Ex-
planatory Report are an integral part of the Combined Manage-
ment Report and are presented in . -
 (    .    . 
    )   .