Using effective systems to identify and control risks
Our Company’s sustainable success also depends on how promptly we identify the risks arising from our operating activities and how forward-looking we are in managing them. The Volkswagen Group’s internal control system and a comprehensive risk management system help the Group deal with these risks in a responsible manner.
In this chapter, we first explain the internal control and risk management system relevant for Volkswagen’s financial reporting process. We then outline the specific risks facing us in our business activities. The “” describes the opportunities arising from our work.