2009 09 23 Final Printversion Bylaws Audit Committee en

s This edition of our Bylaws for the Audit Committee, prepared for the convenience of English-speaking readers, is a translation of the German original. Bylaws for the Audit Committee of the Supervisory Board of Siemens Aktiengesellschaft Version dated September 23, 2009 § 1 Composition 1. The Audit Committee comprises the Chairman of the Supervisory Board, two of the Supervisory Board's shareholder representatives and three of the Supervisory Board's employee representatives. 2. The members of the Audit Committee shall elect a Chairman from among their number. § 2 Duties The Audit Committee shall perform all of the duties assigned to it by a decision of the Supervisory Board or by these Bylaws. In particular, it shall oversee: a) the accounting process, b) the effectiveness of the internal control system, the risk management system and the internal audit system, and c) the independent audit of financial statements, in particular the independence and qualifications of the independent auditors as well as the independent auditors´ services including their additionally rendered services. § 3 Annual and consolidated financial statements 1. The Audit Committee shall conduct a preliminary review of the documents related to the annual financial statements of Siemens AG and the consolidated financial statements of Siemens worldwide (see Annex). In ...