Audi 2012 Annual Report Download - page 271

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Looking to 2013, the advisory services provided by Compliance on anti-corruption will be contin-
ued. This similarly applies to training on cartel law. Further elements of the 2013 compliance
program shall include preparing the introduction of a business partner check and stepping up
the support provided to subsidiaries. The communications campaign, which has won numerous
national and international awards, will also be continued.
RISK MANAGEMENT
Ensuring that potential risks are handled carefully is of high priority within the Audi Group. The
Group-wide risk management system implemented for this purpose helps to identify and mini-
mize risks and, where possible, to avoid them altogether. It also provides a basis for responding
swiftly and comprehensively to changing framework conditions.
Central Risk Management operates in partnership with the local risk managers in the divisions and
subsidiaries. The standards and rules that are set for the entire Group by Central Risk Management
ensure that risks are recorded and assessed in the same way across the Group and are enshrined
in an internal Board Directive. Training courses and fact-finding events tailored to specific target
groups are offered in order to communicate the content and methods that form the risk man-
agement system. Regular and up-to-date information on risk management systems is available
via in-house communication media, such as the Audi intranet.
Regular, standardized risk surveys in the Audi Group and successive risk modeling processes in
the individual divisions and subsidiaries are used to identify key issues. With the aim of ensuring
comprehensive and effective risk management, these identified key issues are subject to in-depth
review and, where applicable, potential optimization measures are identified and put in place.
Leaving aside the defined reporting intervals, the risk officers are obliged to inform Central Risk
Management in the event of any unexpected external influences or internal information coming
to light. Central Risk Management is also on hand whenever necessary to provide individual
departments with tailored support at short notice.
Further detailed information on the Group-wide risk management system and in-depth informa-
tion on the internal control system for financial reporting can be found in the risk report
section of the Management Report of the Audi Group on pages 190 to 196.
The Audit Committee set up by the Supervisory Board is briefed regularly by Central Risk Manage-
ment on the risk management and internal control system. Central Risk Management is respon-
sible for providing the Board of Management and the Supervisory Board with regular updates on
the Audi Group’s risk profile, using the reporting channels defined Group-wide.