The audit of consolidated financial statements, individual financial statements or interim financial statements in accordance with the German Commercial Code (HGB), IFRS and/or US-GAAP demands a high level of trust in the audit firm and the audit team carrying out the assignment.The audits of financial statements carried out by us are carefully planned, systematically carried out and tailored to your particular requirements. We plan our work in such a way that the audits run smoothly and without any unpleasant surprises.
Through the close involvement of the engagement partner our audit testing is carried out and our audit conclusions are arrived at on a consistent and transparent basis. The partner operates as an integral part of the audit team. Where appropriate we can involve certified public accountants (CPA), tax consultants or lawyers. Where there are complex issues, such as deferred tax, IT, pension obligations, financial instruments and consolidations, specialists are seamlessly integrated into the audit process.
For the audit of overseas group companies we are able to rely on our colleagues in member firms of the worldwide PKF network. PKF International is an independent global audit and consulting network with about 14,000 employees in more than 150 countries. Uniform worldwide quality standards ensure that audit quality is maintained at the highest level. PKF International member firms also have a broad range of expertise in IFRS and US-GAAP. They can also advise on corporate governance issues where current changes in legislation are altering the requirements for listed and large medium-sized companies. Our registration with the PCAOB enables us to audit German subsidiaries of companies listed on US stock exchanges.
PKF network clients in Germany include both owner-managed medium-sized companies and listed companies.
By using experienced auditors on these assignments we can satisfy the high personal and professional standards required under the special regulations of Art. 319a of the German Commercial Code (HGB) to be able to audit such companies.
Our auditors typically have many years of experience in the audit of listed companies and their multiple qualifications make them competent persons to act for Art. 319a companies.
Through continuing professional development of our audit teams, particularly on current IFRS topics,, and the use of external specialists we are able to ensure that the strict requirements of capital markets are met to the fullest extent.
We focus in particular on quality of reporting and on ensuring that deadlines are met.
In the calendar year 2016 alone the PKF network in Germany carried out the statutory audit of the annual and/or the consolidated financial statements for eight listed companies.