Audi 2014 Annual Report Download - page 284

AUDITOR’S REPORT
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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, which is combined with the Company
Management Report, for the business year from January 1 to
December 31, 2014. The preparation of the Consolidated
Financial Statements and the Combined Management Report
in accordance with IFRS, as adopted by the EU, and the addi-
tional requirements of German commercial law pursuant to
Section 315a, Para. 1 of the German Commercial Code (HGB)
are the responsibility of the Company’s Board of Management.
Our responsibility is to express an opinion on the Consolidated
Financial Statements and the Combined Management Report
based on our audit.
We conducted our audit of the Consolidated Financial State-
ments in accordance with Section 317 HGB and German gener-
ally accepted standards for the audit of financial statements
promulgated by the Institut der Wirtschaftsprüfer (Institute
of Public Auditors in Germany, IDW). Those standards require
that we plan and perform the audit such that misstatements
materially affecting the presentation of the net assets, finan-
cial position and results of operations in the Consolidated
Financial Statements in accordance with the applicable finan-
cial reporting framework and in the Combined 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 in the Combined
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 includ-
ed in consolidation, the accounting and consolidation princi-
ples used and significant estimates made by the Company’s
Board of Management, as well as evaluating the overall
presentation of the Consolidated Financial Statements and the
Combined 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 Consoli-
dated Financial Statements comply with the IFRS as adopted
by the EU, and the additional requirements of German commer-
cial 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 Combined 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 9, 2015
PricewaterhouseCoopers
Aktiengesellschaft
Wirtschaftsprüfungsgesellschaft
Norbert Winkeljohann Klaus Schuster
Wirtschaftsprüfer Wirtschaftsprüfer
(German Public Auditor) (German Public Auditor)
“AUDITOR’S REPORT