Financial reporting
The business units and the holding company functions report their financial results to the Management Board each quarter and their budgets and annual plans once a year. These reports provide detailed information on trends in the market, important letting transactions, developments and projects in the pipeline, and trends in financial results during the reporting period. Part of the reporting cycle is an assessment of whether Corio’s accounting manual is complied with. Every year, the business unit manages issue letters of representation containing a statement on the fairness of their financial reporting.
Source: Annual Report 2008, Chapter Corporate governance, page 132 (PDF, 72 kB)
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