Audit Committee

The Audit Committee prepares matters relating to accounting and risk management. In particular, it deals with monitoring the accounting process, the effectiveness of the internal control system, the internal audit system and the risk management system, auditing the annual and group financial statements, the required independence of the auditor and determines the main points of the audit.

Members of the Audit Committee of the Supervisory Board of KfW

Chairman of the Audit Committee:

Gerhard Hofmann
Member of the Board of Managing Directors of the National Association of German Cooperative Banks (BVR)

Deputy Chairman:

Peter Altmaier
Federal Minister of Economic Affairs and Energy

Further Members are:

Olaf Scholz
Federal Minister of Finance

Klaus-Peter Flosbach
Member of the German Bundestag (retired)

• Substitute if unable to perform duties:
  Dr Florian Toncar
  Member of the German Bundestag

Lutz Lienenkämper
Minister of Finance of the State of North Rhine-Westphalia

• Substitute if unable to perform duties:
  Monika Heinold
  Minister of Finance of the State of Schleswig-Holstein

Dr Hans-Walter-Peters
President of the Federal Association of German Banks (BdB)

• Substitute if unable to perform duties:
  Dr Louis Hagen
  CEO of Münchener Hypothekenbank eG

Helmut Schleweis
President of the German Savings Banks Association (DSGV)

• Substitute if unable to perform duties:
  Dr Louis Hagen
  CEO of Münchener Hypothekenbank eG

Carsten Schneider
Member of the German Bundestag

• Substitute if unable to perform duties:
  Eckhardt Rehberg
  Member of the German Bundestag

As of June 2018