Audi 2009 Annual Report Download - page 243

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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 comprising the
income statement and statement of recognized income and expense, the balance sheet, the
cash flow statement, the statement of changes in equity and the notes to the consolidated
financial statements, together with the group management report for the business year from
January 1 to December 31, 2009. The preparation of the consolidated financial statements and
the group management report in accordance with the IFRS, as adopted by the EU, and the addi-
tional requirements of German commercial law pursuant to § (Article) 315a Abs. (paragraph) 1
HGB (“Handelsgesetzbuch”: German Commercial Code) are the responsibility of the parent com-
pany’s Board of Managing Directors. Our responsibility is to express an opinion on the consoli-
dated 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 consolidated
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 assessing the annual finan-
cial statements of those entities included in consolidation, the determination 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 provides
a suitable view of the Group’s position and suitably presents the opportunities and risks of future
development.”
Munich, February 10, 2010
PricewaterhouseCoopers
Aktiengesellschaft
Wirtschaftsprüfungsgesellschaft
Franz Wagner Petra Justenhoven
Wirtschaftsprüfer Wirtschaftsprüferin
Auditor’s Report