GROUP MANAGEMENT REPORT THE INTERNAL CONTROL AND RISK MANAGEMENT SYSTEM AS IT RELATES TO THE ACCOUNTING PROCESS The key features of the accounting process-related • The departments involved in the accounting internal control and risk management system process fulfil quantitative and qualitative employed by Borussia Dortmund can be described requirements. as follows: • The completeness and accuracy of the • Borussia Dortmund distinguishes itself through accounting data is checked regularly by its clear organisational and corporate reviewing samples and conducting plausibility structures as well as its control and monitoring tests, both manually and by means of software structures. employed for this purpose. • The internal control and risk management • The principle of dual control is adhered to at all systems as they relate to the accounting points in the Company's accounting-related process form an integral part of operational and processes. strategic planning processes. • The management receives reports at scheduled • Responsibilities have been clearly assigned in intervals throughout the process or more all areas of the accounting process (such as frequently if necessary. financial accounting and management cost accounting). • The Supervisory Board deals with the key accounting issues, risk management and the • Reporting is carried out in monthly, quarterly, audit assignment, among other things. semi-annual and annual intervals, whereby a distinction is made between matters requiring The accounting process-related internal control and immediate action by the Company and those risk management system, the key features of which involving Company strategy. are described above, ensures that transactions can be correctly recorded, prepared and accounted for • The computer systems used in accounting are in the financial statements. protected against unauthorised access. • An adequate system of internal guidelines has been established and is updated as needed. 153