Certificates or confirmations by a qualified auditor are necessary in a number of circumstances. Using their detailed and comprehensive specialist knowledge our experts can carry out appropriate special audits for you.
Company law or regulatory requirements may require the audit of additional information included in the annual financial statements.
Where financial statements are prepared for a special purpose (and not, for example, under IFRS or the German Commercial Code (HGB)), regulations or company law and in some cases the users of the information increasingly require an assurance report from an audit firm. This could apply for example to net asset statements, accounting and reporting in connection with corporate transactions or loan agreements, tax balance sheets for the fiscal authorities or forecasts in connection with raising finance.
This can also apply to financial statements and/or elements thereof such as a statement of income and expenditure, calculation of operating income by product line, grant applications or net asset verification.
We shall be happy to carry out these reviews for you and issue an appropriate certificate (IDW PS 480 and 490).
One of our core areas of expertise is the review of pro-forma financial information such as, for example, is included in a prospectus. This may be required, for instance, where in advance of a capital market transaction a company has made major acquisitions or carried out other corporate transactions which were not disclosed in the previous year’s financial statements.
As part of corporate finance activities our specialists carry out reviews of completion accounts prepared in connection with company acquisitions and disposals. These reviews are of significant benefit in that they provide assurances as to the reliability of the figures in the completion accounts which in turn can be crucial in determining the purchase or sale price.
We carry out audits and reviews as required under company law in connection with reorganisations and reconstructions including:
Where a regional corporation or administrative body (e.g. at national/federal, Land/federal state or municipal level) is a major shareholder in a private company the audit of the annual financial statements must be supplemented by a management audit under Art. 53 of the Budgetary Principles Act (HGrG). Such an audit is often also required in the case of other corporations and public sector bodies.
We carry out in addition a number of other audit and review services.