Services

Annual Audits

External accounting requirements, particularly with regard to annual audits and consolidated financial statements pursuant to the terms stated in the German Commercial Code (HGB) and the International Financial Reporting Standards (IFRS), are increasing all the time. Nowadays, people running businesses and, depending on the size of the company and the level of public interest it enjoys, people with a vested interest in the company and certain sections of the general public expect company audits to provide a high level of transparency, facts and figures relevant to making decisions, and a true representation of the company’s risks and opportunities. The German Accounting Law Modernisation Act (BilMoG), which came into force in 2009, is the most comprehensive reform of the German Commercial Code (HGB) and other related laws adopted by legislators to take place for some time and is aimed at meeting the requirements outlined above.

Not only has TPW expanded its external accounting portfolio, we also made a number of changes to our annual and consolidated reporting services. With its process-based and risk-oriented auditing approach, TPW follows professional guidelines which in turn allows us to fulfil statutory auditing requirements in a targeted manner while also adapting to a company’s individual needs. This is why TPW sets great store on optimising the organisation and handling of annual audits.

We ensure compliance with legal requirements while also offering ongoing commercial management for a wide range of different business scenarios. 

Here is an overview of the services we offer:

Based on a thorough investigation of the company’s activities and business environment, we carry out an initial analysis of the provisional audit data in order to identify any potential threats to the business and then advise management on how to act. To achieve this, we devise a tailored strategy that guarantees an efficient workflow. Critical issues are therefore identified at an early stage and immediately passed on in order to ensure that the audit can be carried out without running into any unforeseen difficulties. Wherever possible and useful, we conduct a pre-audit to allow both us and our clients to verify and rectify potentially critical situations and processes prior to the actual audit itself.

We offer end-to-end auditing coordination, and you can rely on our main contact person to make swift informed decisions.

The way we see it, audits should involve business process-oriented and risk-oriented analyses aimed at highlighting any potential weak links in the chain as well as any untapped potential. Audits don’t just provide you with a SWOT analysis, they also give the company’s managerial bodies access to facts and figures that help them to make informed decisions on how to take the business forward.