Medium-sized and large corporations and private foundations are among those legal forms for which commercial law requires annual reviews of the annual financial statements and reports. However, even companies that are not required to be audited may be interested in a voluntary annual audit.
It is the responsibility of the auditor to check that the bookkeeping and accounting are correct. No information about the economic and financial situation of a company can be obtained from an auditor's report - as it follows a positive test result. Nevertheless, we do not focus solely on the confirmation of the legality of the annual financial statements in our auditing activities, rather, we want to offer you the information and conclusions gained from the audit in order to further develop your company in a prosperous way.
We can offer you the folllowing services:
- Statutory and voluntary annual audits
- Start Up audits
- Examinations in case of reorganizations
- Audits of foundations
- Company evaluations
- Special reports
German commercial law requires many companies to have their annual financial reports reviewed annually. This affects in particular corporations (except small GmbH’s) and private foundations. However, an annual audit can also be carried out voluntarily - that is, without any legal obligation.
The organs of a company have to prepare annual reports. This shows the business performance in the past period in a condensed form. It is the task of the auditor to check the bookkeeping and the accounting in terms of legal compliance. The result of the audit in the form of the auditor's report, therefore, tells nothing about the company's economic situation, but rather, confirms that the economic situation presented in the annual financial statements conveys a picture that corresponds to reality. The detection of embezzlement or other prohibited actions by the organs of the audited company is fundamentally not included. However, should an examination reveal such facts, there is of course an obligation to report. It should also be noted that the activity of the auditor has no connection with tax audits by the tax authorities.
The annual audit by the auditor thus serves the so-called "stakeholders". That is, all those involved in the company in some form (of course, the owners, of course, who receive reports on the use of their capital with the annual financial report; an audited annual financial statement is also important for banks).
In the course of our work, we get to know a company very comprehensively during the audit. Together with our specialist knowledge and experience in medium-sized companies, which is constantly enhanced through further training, we are able to identify potential for progress. This significantly increases the value of the audit for the audited company.
Medium-sized and large corporations and private foundations are among those legal forms for which commercial law requires annual reviews of the annual financial statements and reports. However, even companies that are not required to be audited may be interested in a voluntary annual audit.
It is the responsibility of the auditor to check that the bookkeeping and accounting are correct. No information about the economic and financial situation of a company can be obtained from an auditor's report - as it follows a positive test result. Nevertheless, we do not focus solely on the confirmation of the legality of the annual financial statements in our auditing activities, rather, we want to offer you the information and conclusions gained from the audit in order to further develop your company in a prosperous way.
We can offer you the folllowing services:
- Statutory and voluntary annual audits
- Start Up audits
- Examinations in case of reorganizations
- Audits of foundations
- Company evaluations
- Special reports
German commercial law requires many companies to have their annual financial reports reviewed annually. This affects in particular corporations (except small GmbH’s) and private foundations. However, an annual audit can also be carried out voluntarily - that is, without any legal obligation.
The organs of a company have to prepare annual reports. This shows the business performance in the past period in a condensed form. It is the task of the auditor to check the bookkeeping and the accounting in terms of legal compliance. The result of the audit in the form of the auditor's report, therefore, tells nothing about the company's economic situation, but rather, confirms that the economic situation presented in the annual financial statements conveys a picture that corresponds to reality. The detection of embezzlement or other prohibited actions by the organs of the audited company is fundamentally not included. However, should an examination reveal such facts, there is of course an obligation to report. It should also be noted that the activity of the auditor has no connection with tax audits by the tax authorities.
The annual audit by the auditor thus serves the so-called "stakeholders". That is, all those involved in the company in some form (of course, the owners, of course, who receive reports on the use of their capital with the annual financial report; an audited annual financial statement is also important for banks).
In the course of our work, we get to know a company very comprehensively during the audit. Together with our specialist knowledge and experience in medium-sized companies, which is constantly enhanced through further training, we are able to identify potential for progress. This significantly increases the value of the audit for the audited company.