Audi 2008 Annual Report Download - page 249

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This report was originally prepared in the German language. In case of ambiguities the German
version shall prevail:
“Auditor’s Report
We have audited the consolidated financial statements prepared by AUDI AG, Ingolstadt, com-
prising the balance sheet, the income statement, statement of recognized income and expense,
cash flow statement and the notes to the consolidated financial statements, together with the
group management report for the business year from January 1 to December 31, 2008. The
preparation of the consolidated financial statements and the group management report in
accordance with the IFRS, as adopted by the EU, and the additional requirements of German
commercial law pursuant to § (Article) 315a Abs. (paragraph) 1 HGB
(“Handelsgesetzbuch”:
German Commercial Code) are the responsibility of the parent Company’s Board of Managing
Directors. Our responsibility is to express an opinion on the consolidated financial statements
and on the group management report based on our audit.
We conducted our audit of the consolidated financial statements in accordance with § 317 HGB
and German generally accepted standards for the audit of financial statements promulgated by
the Institut der Wirtschaftsprüfer (Institute of Public Auditors in Germany) (IDW). Those stan-
dards require that we plan and perform the audit such that misstatements materially affecting
the presentation of the net assets, financial position and results of operations in the consoli-
dated financial statements in accordance with the applicable financial reporting framework and
in the group management report are detected with reasonable assurance. Knowledge of the
business activities and the economic and legal environment of the Group and expectations as to
possible misstatements are taken into account in the determination of audit procedures. The
effectiveness of the accounting-related internal control system and the evidence supporting the
disclosures in the consolidated financial statements and the group management report are
examined primarily on a test basis within the framework of the audit. The audit includes assess-
ing the annual financial statements of those entities included in consolidation, the determina-
tion of the entities to be included in consolidation, the accounting and consolidation principles
used and significant estimates made by the Company´s Board of Managing Directors, as well as
evaluating the overall presentation of the consolidated financial statements and the group
management report. We believe that our audit provides a reasonable basis for our opinion.
Our audit has not led to any reservations.
In our opinion based on the findings of our audit the consolidated financial statements comply
with the IFRS as adopted by the EU, and the additional requirements of German commercial law
pursuant to § 315a Abs. 1 HGB, and 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 group man-
agement report is consistent with the consolidated financial statements and as a whole pro-
vides a suitable view of the Group’s position and suitably presents the opportunities and risks of
future development.”
Munich, February 11, 2009
PricewaterhouseCoopers
Aktiengesellschaft
Wirtschaftsprüfungsgesellschaft
Franz Wagner Petra Justenhoven
Wirtschaftsprüfer Wirtschaftsprüferin
Auditor’s Report