Preparation or auditing of annual balance sheets, consolidated accounts and financial reports according to the HGB (German Commercial Code), IFRS/IAS and US-GAAP
In an independent and neutral manner, our experienced employees draw up or audit annual balance sheets and consolidated accounts along with management reports according to the HGB (German Commercial Code), IFRS/IAS and US-GAAP, both for audits required by law and voluntary audits. We carry out audits considering the legal regulations and according to ascertained principles of auditing of annual balance sheets from the institute of certified auditors in Germany (IDW e.V.). Here our auditing approach enables us, based on an analysis of the internal control system, to establish corresponding emphases for the audit. As a consequence, the efficient carrying out of the audit can be assured.
Auditing and advisory services for non-profit organisations
Despite their non-commercial activities, in today's world non-profit organisations (e.g. societies, non-commercial incorporated charities, associations) face continuously growing competition to attract members and third-party funds. So in this context it is even more important to have optimal and tax-accredited fund management and allocation of resources. Together with you, we develop solutions as to how you are able to optimise your accounting, we aid you during the reorganisation of your accounting to double-entry accounting or we support you with other questions you might have which concern all financial and tax related matters.
Change to IFRS/IAS, Purchase Price Allocation, Impairment test according to IFRS/IAS
In the course of the globalisation of the economy, more and more companies - also voluntarily - reorganise their accounting to international accounting standards. We conduct the reorganisation of your accounting to IFRS/IAS or support you during the reorganisation and we naturally train your employees, if necessary. We would also be happy to prepared your balance sheets in accordance with IFRS/IAS.
Purchase Price Allocation (PPA) means the allocation of the cost of an business combination by recognising the acquirer's identifiable assets (material and immaterial), liabilities and contingent liabilities. The emphasis is placed on the immaterial assets such as brands, client bases, know-how, self-provided licenses, etc. In the framework of the reorganisation of the accounting we either assist you or conduct the PPA for you. Furthermore, we support you with the regular carrying out of impairment tests, according to IAS 36.
Special audits according to the AktG (Companies Act), GmbHG (Limited Liability Companies Act) and UmwG (Reorganisation of Companies Act)
Special situations in the development of a company or corporate realignment create the necessity for a variety of special audits which we conduct for you, e.g. in the case of investment in kind or reorganisation of companies (establishment, post-formation acquisition, conversions, change of form, affiliation and demerger).
Furthermore we audit, for example, special-purpose balance sheets and dependency reports as well as the truth and fairness of management according to § 53 HGrG (Budgetary Procedures Act). We conduct audits according to § 36 WpHG (Securities Trading Act) and special audits due to illegal undervaluation according to §§ 258 - 261 AktG (Companies Act).
IT-Audit
In modern companies, information technology (IT) is becoming more and more a vital part of the company. It plays a decisive role in the development and growth of a company, but on the other hand it entails risks which should not be underestimated. These risks are to be identified during an IT-audit. Single business processes and business divisions (e.g. the accounting and purchasing department, internal control systems and controlling systems) undergo a broad structure and functional audit. Further emphases of the IT-audit are, for example, the data security of the company and the availability of IT systems.
Development of Risk Management Systems
In § 91 II AktG (Companies Act), the setting up of a monitoring system is mandatory for publicly limited countries. This enables the recognition of developments in advance which are a risk for a company. Even if for other legal forms of organisations the introduction of a risk management system is not mandatory, it doubtlessly offers advantages and should be recognised and used as an opportunity for the development of the company. The main elements of risk management are the examination of, the analysis and communication of, and the preparation of concepts for the minimisation or deletion of, risk fields.
Audits according to the PartG (Political Parties Act)
Political parties establish their report and accounts on the basis of the Political Parties Act in reference to the HGB (German Commercial Code). To ensure entitlement to state political party financing, the report on accounts has to be submitted to the president of the German Bundestag (Parliament).
According to § 23 section 2 PartG (Political Parties Act), parties must have their report and accounts audited by an auditor or an auditing company according to the rules of §§ 29 to 31 PartG (Political Parties Act). The president of the German Bundestag (Lower House of Parliament) is to be informed immediately of any irregularities in the report and accounts.
Audit and adherence to licensing agreements (royalty audit)
In the framework of a royalty audit, we guide you as the licensor through the monitoring of the adherence to licensing agreements, or we take this up for you in its entirety. Inter alia we examine whether or not the royalties paid by the licensees correspond to the actual proceeds or whether or not agreed quality standards are adhered to.
Financial damage which often arises at the expense of the licensor due to non-compliance with licensing agreements, are to be minimised as far as possible or avoided with the help of royalty audits. Due to the fact that not every infringement of licensing agreements is made on purpose, it is also the task of a royalty audit to create and encourage awareness in licensees of the significance of this important area.
Prevention and exposure of white-collar crime/corruption; checking embezzlement and betrayal of confidence
In addition to the accurate analysis of vulnerable business divisions and processes as well as the clarification of cases which have already occurred, the development of solutions and systems with which threatening and already existing risks can be identified and resolved is also of great importance. In addition to "traditional" white-collar crime, this area also refers to false information about the company (e.g. excessive report of turnover, undervalued report of liabilities), which has been provided by the company itself (e.g. members of management, directors, executives or employees). We help you to minimise and to prevent respectively a tarnishing of your image.
Audit according to the MaBV (Estate Agents and Property Developers Regulations)
After the entry into force of the amended MaBV (Estate Agents and Property Developers Regulations) dated 01/07/2005, only the legally required audit for tradespersons according to § 34 c, section 1 no. 1 letter a of the Gewerbeordnung (Trade, Commerce and Industry Regulation Act) was abolished.
For tradespersons according to § 34 c, section 1 no. 1 letter b and no. 2 of the Gewerbeordnung (Trade, Commerce and Industry Regulation Act) (e.g. property developers, builders and brokers) we conduct the audit of the annual balance sheet according to § 16 MaBV (Estate Agents and Property Developers Regulations).
Structure and organisation of accounting, cost accounting and budgeting
We support you with the structuring, organisation or restructuring of the accounting, cost accounting and budgeting of your company. We would also be happy to give you advice if you are interested in outsourcing these areas.