Siemens 2013 Annual Report Download - page 359

253 D. Consolidated Financial Statements 357 E. Additional Information
358 E. Responsibility statement
359 E. Independent Auditor ʼs report
361 E. Statement of the Managing Board
362 E.4 Five-year summary
364 E. Glossary
366 E. Index
368 E. Company structure
370 E. Further information and information resources
371 E. Financial calendar
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E. Independent Auditor’s report
To Siemens Aktiengesellschaft, Berlin and Munich
REPORT ON THE CONSOLIDATED
FINANCIAL STATEMENTS
We have audited the accompanying consolidated financial
statements of Siemens Aktiengesellschaft, Berlin and Munich,
and its subsidiaries, which comprise the consolidated state-
ments of income, comprehensive income, financial position,
cash flow and changes in equity, and notes to the consolidated
financial statements for the business year from October 1, 2012
to September 30, 2013.
Management’s Responsibility for the
Consolidated Financial Statements
The management of Siemens Aktiengesellschaft is responsible
for the preparation of these consolidated financial statements.
This responsibility includes preparing these consolidated finan-
cial
statements in accordance with International Financial
Reporting Standards (IFRS) as adopted by the European Union
(EU), the supplementary requirements of German law pursuant
to Sec. 315a (1) HGB [“Handelsgesetzbuch“: German Commer-
cial Code] and full IFRS as issued by the International Account-
ing Standards Board (IASB), to 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 company ’s
management is also responsible for the internal controls that
management determines are necessary to enable the prepara-
tion of consolidated financial statements that are free from
material misstatement, whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to express an opinion on these consolidat-
ed financial statements based on our audit. We conducted our
audit 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) as well as in supplementary
compliance with International Standards on Auditing (ISA).
Accordingly, we are required to comply with ethical require-
ments and plan and perform the audit to obtain reasonable
assurance about whether the consolidated financial state-
ments are free from material misstatement.
An audit involves performing audit procedures to obtain audit
evidence about the amounts and disclosures in the consolidated
financial statements. The selection of audit procedures depends
on the auditor’s professional judgment. This includes the as-
sessment of the risks of material misstatement of the consoli-
dated financial statements, whether due to fraud or error. In
assessing those risks, the auditor considers the internal con-
trol system relevant to the entity ’s preparation of the consoli-
dated financial statements that give a true and fair view. The
aim of this is to plan and perform audit procedures that are
appropriate in the given circumstances. An audit also includes
evaluating the appropriateness of accounting policies used
and the reasonableness of accounting estimates made by
management, as well as evaluating the overall presentation of
the consolidated financial statements.
We believe that the audit evidence we have obtained is suffi-
cient and appropriate to provide a basis for our audit opinion.
Audit Opinion
Pursuant to Sec. 322 (3) Sentence 1 HGB, we state that our audit
of the consolidated financial statements has not led to any
reservations.
In our opinion, based on the findings of our audit, the consoli-
dated financial statements comply in all material respects with
IFRS as adopted by the EU, the supplementary requirements of
German commercial law pursuant to Sec. 315a (1) HGB and full
IFRS as issued by the IASB and give a true and fair view of the
net assets and financial position of the Group as at September
30, 2013 as well as the results of operations for the business
year then ended, in accordance with these requirements.