Mercedes 2010 Annual Report Download - page 175

Consolidated Financial Statements | Responsibility Statement | Independent Auditors’ Report | 171
Independent Auditors’ Report
We have audited the consolidated financial statements prepared
by the Daimler AG, Stuttgart, comprising statement of income
(loss), statement of comprehensive income (loss), statement
of financial position, statement of changes in equity, statement
of cash flows and notes to the consolidated financial statements
together with the report on the position of the Company and
the Group for the business year from January 1 to December 31,
2010. The preparation of the consolidated financial statements
and the group management report in accordance with IFRSs as
adopted by the EU, and the additional requirements of German
commercial law pursuant to § 315a Abs. [paragraph] 1 HGB
[Handelsgesetzbuch “German Commercial Code”] are the responsi-
bility of the parent company’s management. Our responsibility
is to express an opinion on the consolidated financial statements
and on the group management report based on our audit. In
addition, we have been instructed to express an opinion as to
whether the consolidated financial statements comply with
IFRS as promulgated by the International Accounting Standards
Board (IASB-IFRS).
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 (IDW) [Institute of Public Auditors
in Germany]. Those standards require that we plan and perform
the audit such that misstatements materially affecting the presen-
tation of the net assets, financial position and results of opera-
tions in the consolidated financial statements in accordance with
the applicable financial reporting framework and in the group
management report are detected with reasonable assurance. Know-
ledge of the business activities and the economic and legal
environment of the Group and expectations as to possible misstate-
ments are taken into account in the determination of audit pro-
cedures. 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 frame-
work of the audit. The audit includes assessing the annual financial
statements of those entities included in consolidation, the
determination of entities to be included in consolidation, the
account ing and consolidation principles used and significant
estimates made by management, 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 IFRSs as adopted by the EU,
the additional requirements of German commercial law pursuant
to § 315a Abs. 1 HGB and IASB-IFRS 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.
Stuttgart, February 28, 2011
KPMG AG
Wirtschaftsprüfungsgesellschaft
Meyer
Wirtschaftsprüfer
Prof. Dr. Nonnenmacher
Wirtschaftsprüfer