Siemens 2012 Annual Report Download - page 333

135 D. Consolidated Financial Statements 239 E. Additional Information
240 E. Responsibility statement
241 E. Independent Auditors’ Report
243 E. Statement of the Managing Board
244 E. Five-year summary
246 E. Glossary
248 E. Index
250 E. Further information and information resources
251 E. Financial calendar
252 E. Company structure

.     
The Managing Board of Siemens Aktiengesellschaft is responsi-
ble for preparing the Consolidated Financial Statements and the
Group Management Report. The Consolidated Financial State-
ments have been prepared in accordance with Inter national Fi-
nancial Reporting Standards (IFRS), as adopted by the European
Union as well as with the additional requirements set forth in
Section 315a (1) of the German Commercial Code (Handelsge-
setzbuch). The financial statements are also in accordance with
IFRS as issued by the International Accounting Standards Board
(IASB). The Group Management Report is consistent with the
Consolidated Financial Statements and is combined with the
Management Report of Siemens Aktiengesellschaft.
Siemens employs extensive internal controls, company-wide
uniform reporting guidelines and additional measures, in-
cluding employee training and continuing education, with
the intention that the Consolidated Financial Statements and
the Group Management Report are conducted correctly and
in accordance with the applicable legal requirements. Mem-
bers of the management of the Sectors, Divisions, Financial
Services, Cross-Sector Services, Regional Clusters and certain
Corporate Units, supported by certifications of management
of entities under their responsibility have confirmed to us the
correctness of the financial data they have reported to
Siemens’ corporate headquarters and the effectiveness of the
related control systems. Compliance with the guidelines as
well as the reliability and effectiveness of the control systems
are continuously examined by Internal Corporate Audit
throughout the Siemens Group. Our risk management sys-
tem complies with the re
quirements of the German Corpora-
tion Act (Aktiengesetz).
Our risk management system is de-
signed to enable the Managing Board to recognize potential
risks early on and initiate timely countermeasures.
In accordance with the resolution adopted at the Annual
Shareholders’ Meeting, Ernst & Young GmbH Wirtschafts-
prüfungs gesellschaft has audited the Consolidated Financial
Statements and Group Management Report, which is com-
bined with the Management Report of Siemens Aktiengesell-
schaft, and issued an unqualified opinion. Together with the
independent audi
tors, the Supervisory Board has thoroughly
examined the Consolidated Financial Statements, the Group
Managemen
t Report, and the Independent Auditors’ Report.
The result of this examination is included in the Report of the
Supervisory Board ( .      
 ).
Munich, November 28, 2012
The Managing Board
Peter Löscher Dr. Roland Busch Brigitte Ederer Klaus Helmrich
Joe Kaeser Barbara Kux Prof. Dr. Hermann Requardt Prof. Dr. Siegfried Russwurm
Peter Y. Solmssen Dr. Michael Süß