International business relationships are an integral part of business models. This also applies to medium-sized businesses. Through our membership in the International Practice Group as well as our long-standing international partnerships, we are able to connect you with competent local specialists worldwide.
Learn more at http://www.ipg-online.org
The German auditors’ professional code requires auditors who perform statutory audits to participate in an external quality control.
We have many years of experience in carrying out external quality controls in accordance with § 57a WPO (auditors’ professional code – peer review). Our peer reviews so far have concerned individual audit practices, companies and partnerships in the medium-sized sector (2-5 partners) up to nationwide audit and accounting firms with several hundred employees.
Our experience shows that the assessment of findings (individual findings or system deficiencies) is of great importance. Accordingly, together with the audit client, we try to prioritize the determination of the facts before an appropriate assessment can be made.
Since external quality control involves a large number of parties, we focus on clear, comprehensible reporting in the quality control report to present our audit results in a well-founded manner both to the client and to the Quality Control Commission at the Chamber of Public Accountants (Wirtschaftsprüferkammer).
In addition to performing an external quality control, we are also available as a contact for the following services:
Compliance with existing statutory and other rules and regulations is of great importance to companies, regardless of their size. The existing density of regulations combined with a high rate of change often present companies with considerable challenges.
We provide competent advice on the introduction or updating of existing compliance management systems. We also conduct audits of existing compliance management systems (based on IDW PS 980). In this context, our profound knowledge in auditing or advising on the introduction of so-called SOX 404 concepts is a real benefit for our clients.
Listed companies are subject to a variety of regulations. Relevant areas in particular are:
E.g. special requirements for the (group) management report, publication of annual or mid-year financial reports and quarterly interim announcements, as well as review of published financial statements by the BAFIN (German Federal Financial Supervisory Authority).
E.g. regulations on the formation of audit committees, German Corporate Governance Code
E.g. requirement for the German Federal Financial Supervisory Authority (BAFIN) to approve stock exchange prospectus
E.g. regulations on insider trading, obligation to make ad hoc disclosures in certain cases
We have many years of experience in advising and auditing listed companies. In addition to our expertise in the above-mentioned areas, we are also very familiar with the particularities of so-called “small caps” (small market capitalization).
Please feel free to contact us at any time if you have any questions, including if you are looking for a supervisory board member familiar with accounting or audit.
We will be happy to help!