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

Chair of the Audit Committee:

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

Deputy Chair:

Peter Altmaier
Federal Minister for Economic Affairs and Energy

Further Members are:

Olaf Scholz
Federal Minister of Finance

Olav Gutting
Member of the German Bundestag

• Substitute if unable to perform duties:
  Michael Theurer
  Member of the German Bundestag

Johannes Kahrs
Member of the German Bundestag (retired)

• Substitute if unable to perform duties:
  Dr André Berghegger
  Member of the German Bundestag

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

Peter Strobel
Minister of Finance and European Affairs of the State of Saarland

• Substitute if unable to perform duties:
  Doris Ahnen
  Minister of State at the Ministry of Finance of the State of Rhineland-Palatinate

As of August 2020