Special situations in the development of a company or a realignment of a company require a large number of special audits that we carry out for you, for example in the case of investments in tangible fixed assets or corporate restructurings (incorporation, subsequent acquisition, transformations, change of legal form, affiliation and division). In addition, we examine, for example, the assigned balance sheets and dependency ratios as well as the accuracy and fairness of the management in accordance with § 53 HGrG. We carry out audits in accordance with § 36 WpHG and special audits due to illegal undervaluation in accordance with § § 258-261 AktG. Limited liability companies (GmbH and AG), with the exception of small companies, must publish annual declarations and have them audited by external auditors. Kleeberg pursues a business process-oriented audit approach. In doing so, we always keep an eye on a company`s entire value chain – not just accounting. As lawyers, tax advisors, management and IT consultants as well as auditors, we are present in 49 countries with 109 of our own locations. Our customers around the world trust our 5,120 colleagues. Read more » Following an audit, the statutory auditor prepares an objective written report and, in the absence of objections, an opinion. The German company will also be required to assist the tax authorities in carrying out the electronic audit.
Kleeberg has many years of experience in a wide variety of examination disciplines. According to § 316 of the German Commercial Code (HGB), the annual financial statements must be audited by an independent auditor. The audit of the annual financial statements is mandatory for large and medium-sized enterprises. When issuing an opinion, the statutory auditor shall apply the international auditing standards adopted by the European Commission in the manner required by Article 26(3) of Directive 2006/43/EC. Seek advice before the end of the year if you exceed 2 thresholds, but still want to avoid the audit requirement. To some extent, they can legally influence the balance sheet total through accounting options and factual measures. But don`t just consider the final exam as a useless assignment. Especially when an auditor reviews your financial statements for the first time, they can help you by providing valuable data and information for running your business. Our quality assurance measures concern on the one hand the field of statutory audit as a whole and in part the individual audit body.
We understand quality assurance as a continuous process and as the basis for long-term and always successful cooperation with our customers. Understanding our customers` business is our top priority. With all the national and international auditing standards at our disposal, we adapt our team and services to your business! Auditors can be auditors and audit firms. The auditor is appointed by the Annual General Meeting of Shareholders. Pursuant to Paragraph 23(2) of the partG, the parties must have their report and financial statements audited by an auditor or an audit firm in accordance with the rules laid down in Paragraphs 29 to 31 of partG. The President of the German Bundestag must be informed immediately if serious irregularities are suspected in the report and in the accounts. Our employees have a wide range of different expertise focused on taxation, audit and consulting. The Audit department is synonymous with excellence in auditing. In modern businesses, information technology is becoming an increasingly viral part of the business. It plays a crucial role in the development and growth of a company, but on the other hand carries risks that should not be underestimated. These risks must be identified as part of an IT audit.
Business processes and individual business areas (e.g. accounting and procurement, internal control systems and control systems) are subject to extensive structural and functional audit. Other IT audit focal points are, for example, the security of company data and the availability of IT systems. Since the annual financial statements are published in the Electronic Federal Gazette, the authorities automatically receive information on the annual financial statements that can be audited and follow up on these notes. The auditor`s report or refusal to prepare a report must also be published. Even if there is causation, there is a largely predominant contributory negligence on the part of the GmbH under § 254 sec. 1 BGB, since the GmbH had deceived the auditors from the outset and there was only a slight fault on the part of the auditor in the case of documents falsified in advance. In addition, for reasons of fairness, the auditor should not be liable to the GmbH for self-inflicted damage. In 2002, the German tax authorities made it possible to introduce new legislation on tax audits.
The new law, called EAudit, allows tax authorities to collect data on tax audits in electronic form. The Tax Procedure Act and the Value Added Tax Act have been amended to comply with the new Electronic Tax Audit Act. When developing the audit strategy, we take into account various factors, such as the assessment of the company`s environment and the information provided by management on important objectives and business risks. From this strategy, we derive an audit program that defines the direction, type and scope of audit processes. We then plan a schedule and select the appropriate staff. Our structured approach ensures an effective and efficient audit – for the benefit of our clients. Especially for companies that are just below the threshold and for fast-growing companies, it is very important that management knows the thresholds. If an annual financial statement is not audited despite the obligation, serious consequences can occur.
An unaudited annual financial statement cannot be legally valid and is void. Legal transactions based on the annual financial statements are therefore null and void. This applies, for example, to distributions or license fees related to profits. Distributions and premium payments may be cancelled if the annual financial statements are invalid and need to be recovered. According to the German Commercial Code (HGB), companies are required to submit their audited financial documents within three months of the end of the financial year. The annual accounts must be submitted by the management board of the German company with the agreement of the supervisory board. The annual financial statements must be audited by an independent auditor in accordance with § 316 I of the German Trade Act. In addition, all financial records must be approved by the company`s shareholders. Some German auditors fear that new laws to improve audit quality could affect competition and help the big four companies – Deloitte, Ernst & Young KPMG and PricewaterhouseCoopers – gain new market share.
In order to clarify the Commission`s objectives and requirements for the certification of cost statements under the 6th and 7th Research Framework Programmes, beneficiaries must engage an independent auditor to issue a certification. As a result, we help you as a beneficiary to implement the agreed procedures and ultimately issue them efficiently and quickly. In addition to the basic services of statutory audit, interim financial statements and consolidated financial statements, we offer several other services with audit bases, including: Unlimited liability companies (with the exception of KG) are not required to publish their tax returns or have them audited. With a solid foundation in national and global auditing standards, we adapt a risk-based auditing approach based on a thorough understanding and analysis of your company`s internal control system. Compliance with your business allows us to develop an effective audit program that includes process-based, analytical, and content-related audit procedures specifically tailored to your needs. We assure you of the validity of your annual financial statements. Based on a holistic consulting approach, we work for our clients in the field of tax advice as well as business and commercial law consulting as well as auditing. For traders in accordance with § 34 c, § 1 no. 1 lit. b and No.
2 of the Commercial Code (e.g. real estate developers, builders and brokers), we carry out the audit of the annual financial statements in accordance with § 16 MaBV. Commercial law sets different requirements for each form of German company. Statutory audit, for example, is not mandatory for small businesses in Germany. On the other hand, medium-sized companies are required to submit the following verified documents to the German Commercial Register: simplified registration procedures are also available for certain types of companies. For more details on the simplified exam requirements, you can contact our German lawyers. You can expect an independent and complete audit of all your financial statements and consolidated financial statements as well as management`s discussion and analysis in accordance with HGB, IFRS/IAS and US GAAP, for both statutory and voluntary audits.