Siemens 2014 Annual Report Download - page 341

247 D. Consolidated Financial Statements 337 E. Additional Information
338 E. Responsibility Statement
339 E.2 Independent Auditorʼs Report
341 E.3 Statement of the Managing Board
342 E.4 Company structure
344 E.5 Five-year summary
345 E.6 Notes and forward- looking statements
346 E.7 Further information and information resources
347 E.8 Financial calendar
341
The Managing Board of Siemens Aktiengesellschaft is respon-
sible for preparing the Consolidated Financial Statements and
the Group Management Report. The Consolidated Financial
Statements have been prepared in accordance with Interna-
tional Financial 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 (Han-
delsgesetzbuch). The financial statements are also in accor-
dance with IFRS as issued by the International Accounting Stan-
dards 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, includ-
ing 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. Members
of the management of the Company Units 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 system complies
with the requirements of the German Stock Corporation Act
(Aktien gesetz). Our risk management system is designed to
enable the Managing Board to recognize potential risks early
on and initiate timely countermeasures.
In accordance with the resolution adopted at the Annual Share-
holders’ Meeting, Ernst & Young GmbH Wirtschaftsprüfungs-
gesellschaft has audited the Consolidated Financial Statements
and Group Management Report, which is combined with the
Management Report of Siemens Aktiengesellschaft, and issued
an unqualified opinion. Together with the independent audi-
tors, the Supervisory Board has thoroughly examined the
Consolidated Financial Statements, the Group Management
Report, and the Independent Auditors’ Report. The result of this
examination is included in the Report of the Supervisory Board
( A.3 OF THIS ANNUAL REPORT).
Munich, December 3, 2014
The Managing Board
Joe Kaeser
Dr. Roland Busch Lisa Davis Klaus Helmrich
Prof. Dr. Hermann Requardt Prof. Dr. Siegfried Russwurm Dr. Ralf P. Thomas
E.3 Statement of the Managing Board