Airbus // Universal Registration Document 2023

4. Corporate Governance 4.1 Management and Control

4.1.3.4 Board Declaration Based on the Company’s current state of affairs, the reports made directly available to the Board of Directors coming from different processes, audits and controls, and the information the Board of Directors has received from management, the Board of Directors believes to the best of its knowledge that: – –the internal risk management and control systems provide reasonable assurance that the financial reporting does not contain any material inaccuracies; – –this Universal Registration Document provides sufficient insight into any material failings in the effectiveness of the internal risk management and control systems; – – it is justified that the financial statements have been prepared on a going concern basis; and

– –this Universal Registration Document states the material risks and uncertainties to the extent that they are relevant to the Company’s continuity for the period of 12 months after the preparation of this Universal Registration Document. It should be noted that no matter how well designed, the internal risk management and control system has inherent limitations, such as vulnerability to circumvention or the potential to override the controls in place. Consequently, no assurance can be given that the Company’s internal risk management system and procedures are or will be, despite all care and effort, entirely effective.

4.1.4 Internal Audit

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In accordance with the Dutch Corporate Governance Code, Airbus governance includes an internal audit function “Corporate Audit & Forensic”. The function engages in the independent and objective corporate assurance activities of internal auditing, consulting activities, and forensic investigations. It supports the Company in improving its operations and accomplishing its objectives by bringing a systematic and disciplined approach

to evaluate and improve the design and effectiveness of the organisation’s governance, risk management, and internal controls. Its mandate is set out in the Airbus Corporate Audit and Forensic Charter. The department’s independence is established by direct reporting to the Chief Executive Officer and participation to the Audit Committee. The function complies with the Global Internal Audit Standards of The Institute of Internal Auditors.

241 Airbus Annual Report

Universal Registration Document 2023