Audit Committee

The audit committee is responsible for advising the Supervisory Board on the performance of the CSD’s internal audit function.

Members

  • Prof. Dr. Peter Gomber (Chairman)
  • Oliver Engels (Vice Chairman)
  • Norfried Stumpf

Tasks and responsibilities

  • Monitors accounting and financial reporting processes;
  • Monitors the effectiveness of the risk management process, in particular, the internal control system (ICS), the risk management system and internal audit;
  • Monitors the execution of audits, in particular, in relation to the selection and independence of the auditor and the services provided by the auditor (for example, scope, frequency or reports);
  • Submits recommendations to the Supervisory Board to ensure the integrity of the reporting and accounting processes.