Audi 2012 Annual Report Download - page 266

269
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 Aktiengesellschaft,
Ingolstadt – 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, 2012. The preparation of the Consolidated Finan-
cial 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 Section 315a,
Para. 1 of the German Commercial Code (HGB) are the responsibility of the parent company’s
Board of Management. 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 Section 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 stand-
ards 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 financial
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 esti-
mates made by the Company’s Board of Management, as well as evaluating the overall presen-
tation 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 Section 315a, Para. 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
Management 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 7, 2013
PricewaterhouseCoopers
Aktiengesellschaft
Wirtschaftsprüfungsgesellschaft
Harald Kayser Klaus Schuster
Wirtschaftsprüfer Wirtschaftsprüfer
Auditor’s Report