Siemens 2012 Annual Report Download - page 332

1 A. To our Shareholders 49 C. Combined Management Report 21 B. Corporate Governance

     
We have audited the accompanying group management
report, which is combined with the management report
of Siemens Aktiengesellschaft, for the business year from
October 1, 2011 to September 30, 2012. The management of the
company is responsible for the preparation of the group man-
agement report in compliance with the applicable require-
ments of German commercial law pursuant to Sec. 315a (1)
HGB. We are required to conduct our audit in accordance with
Sec. 317 (2) HGB and German generally accepted standards for
the audit of the group management report promulgated by the
IDW. Accordingly, we are required to plan and perform the
audit of the group management report to obtain reasonable
assurance about whether the group management report is
consistent with the consolidated financial statements and the
audit findings, and as a whole provides a suitable view of the
Group’s position and suitably presents the opportunities and
risks of future development.
Pursuant to Sec. 322 (3) Sentence 1 HGB, we state that our audit
of the group management report has not led to any reservations.
In our opinion, based on the findings of our audit of the con-
solidated financial statements and group management report,
the group management report is consistent with the consoli-
dated financial statements, and as a whole provides a suitable
view of the Group’s position and suitably presents the opportu-
nities and risks of future development.
Munich, November 21, 2012
Ernst & Young GmbH
Wirtschaftsprüfungsgesellschaft
Krämmer Prof. Dr. Hayn
Wirtschaftsprüfer Wirtschaftsprüfer
[German Public Auditor] [German Public Auditor]