Mercedes 2006 Annual Report Download - page 151

CorporateGovernance |Reportof the Audit Committee |135
In addition, the Audit Committee dealt regularly with complaints and
criticism with regard to accounting and the system of internal
controls that were received confidentially, and likewise anony-
mously, from DaimlerChrysler employees, and received information
separately concerning violations of Section 302, Subsection
5 of the Sarbanes-Oxley Act. The Audit Committee also received
regular reports, giving due consideration to any criticism, about
the introduction and effectiveness of the internal control over
financial reporting relating to the correct implementation of
the provisions of the Sarbanes-Oxley Act.
In February 2007, in the presence of the external auditors,
the Audit Committee reviewed the financial statements and the
consolidated financial statements for 2006 with the respective
management reports, including the annual report on Form 20-F,
and the proposal on the appropriation of earnings made by the
Boardof Management. The audit reports and important accounting
matters were discussed in detail with the external auditors.
Following intensive review and discussion of the documents, the
Audit Committee then recommended that the Supervisory Board
agree to the Board of Management’s proposal on the appropriation
of distributable profits and approve the financial statements.
Once again in the year 2006, the Audit Committee conducted
a specific self-evaluation of its activities.
Stuttgart, February 2007
The Audit Committee
Bernhard Walter
Chairman
Bernhard Walter
Chairman of the Audit
Committee