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 structures reviewing samples and conducting plausibility as well as its control and monitoring structures. tests, both manually and by means of software employed for this purpose. • The internal control and risk management systems as they relate to the accounting • The principle of dual control is adhered to at all process form an integral part of operational and points in the Company's accounting-related strategic planning processes. processes. • Responsibilities have been clearly assigned in • The management receives reports at scheduled all areas of the accounting process (such as intervals throughout the process or more financial accounting and management cost frequently if necessary. accounting). • The Supervisory Board deals with the key • Reporting is carried out in monthly, quarterly, accounting issues, risk management and the semi-annual and annual intervals, whereby a audit assignment, among other things. distinction is made between matters requiring immediate action by the Company and those The accounting process-related internal control and involving Company strategy. risk management system, the key features of which are described above, ensures that transactions can • The computer systems used in accounting are be correctly recorded, prepared and accounted for protected against unauthorised access. in the financial statements. • An adequate system of internal guidelines has been established and is updated as needed. 65