Audi 2007 Annual Report Download - page 174
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171
The Board of Management of AUDI AG is responsible for the preparation of the Consolidated
Financial Statements and Group Management Report. Reporting is performed on the basis
of the International Financial Reporting Standards (IFRS) as applicable within the European
Union, and the interpretations of the International Financial Reporting Interpretations
Committee (IFRIC). The Group Management Report is prepared in accordance with the re-
quirements of the German Commercial Code. Under Section 315a of the German Commer-
cial Code, AUDI AG is obliged to prepare its Consolidated Financial Statements in accor-
dance with the requirements of the International Accounting Standards Board (IASB).
The regularity of the Consolidated Financial Statements and Group Management Report
is assured by means of internal controlling systems, the implementation of uniform guide-
lines throughout the Group, and employee training and advancement measures. Compliance
with the legal requirements and with internal Group guidelines, as well as the reliability and
functioning of the systems of controlling, are checked on an ongoing basis throughout the
Group. The early warning function required by law is achieved by means of a Group-wide
risk management system that enables the Board of Management to identify potential risks
at an early stage and initiate corrective action as necessary.
PricewaterhouseCoopers Aktiengesellschaft Wirtschaftsprüfungsgesellschaft, Munich,
has examined the Consolidated Financial Statements and Group Management Report in its
capacity as independent auditor, in accordance with the resolution of the Annual General
Meeting, and issued its unqualified certification as shown on the page opposite.
The Consolidated Financial Statements, the Group Management Report, the Audit Report
and the measures to be taken by the Board of Management for the prompt identification of
risks which could pose a threat to the Company’s survival were discussed at length by the
Supervisory Board in the presence of the auditors. The findings of this examination are indi-
cated in the Report of the Supervisory Board.
Declaration of the AUDI AG Board of Management
on the 2007 Consolidated Financial Statements