Your questions - our answers

We offer various types of audits, including audits of annual financial statements, audits of consolidated financial statements, special purpose audits and voluntary audits. Find out more about our services.

The duration of an annual audit depends on various factors, including the size and complexity of the company, the quality of the internal accounting processes and the availability of the required documentation. Here are some aspects that can influence the duration:

1. Size of the company: Larger companies with more extensive financial transactions and several business areas generally require more time for the audit.
2. Complexity of business activities: Companies with complex business models, international transactions or special industry requirements require a more thorough review.
3. Quality of internal accounting: If the internal accounting processes are well organized and the documents are complete and correct, the audit can be completed more quickly.
4. Availability of documents: The timely provision of all necessary documents and information by the company is crucial for a smooth audit process.
5. Experience of the audit team: An experienced and well-coordinated audit team can carry out the audit more efficiently.

Overall, the duration of an annual audit can vary between two weeks and several months. Careful planning and preparation on the part of the company can help to speed up the audit process and make it more efficient.

Various documents are required for the annual audit, including the annual financial statements, accounting records, contracts, minutes of board meetings and other relevant documents. At the start of the annual audit, we will provide you with a list of the necessary documents. Data is then exchanged conveniently via a protected and secure data room to which only your employees have access.

The audit process comprises several steps: planning, conducting the audit, analyzing the results and preparing the audit report. We work closely with you to ensure that the process runs smoothly. Communication is essential for us, so that everyone involved is informed of the current status at all times. At the beginning of the audit in particular, we hold a number of meetings with you and the relevant employees in your company to get to know the company and its processes.

The audit process of an annual audit is comprehensive and structured to ensure that all relevant aspects are thoroughly reviewed. Here is a detailed overview of the individual steps:

1. Planning: In this phase, the scope of the audit is determined and an audit plan is drawn up. This includes identifying the key audit areas, defining the audit objectives and allocating the audit resources. We hold discussions with you and the relevant employees to gain a better understanding of the company and its processes.
2. Performing the audit: The actual audit work is carried out in this phase. This includes reviewing the financial documents, carrying out spot checks and analyzing transactions. We test the internal controls and assess their effectiveness where necessary. We work closely with your team to ensure that all relevant information is captured.
3. Evaluation of the results: Once the audit work has been completed, the data and information collected is analyzed. We evaluate the results and identify possible errors or irregularities. This analysis helps us to obtain a comprehensive picture of your company's financial situation.
4. Preparation of the audit report: An audit report is prepared based on the audit results. This report contains a summary of the audit results, a description of our audit approach, any errors or irregularities identified and the audit opinion.
5. Communication and collaboration: Open and continuous communication is essential throughout the audit process. We keep you and your team regularly updated on the progress of the audit and are available for questions and comments. Our aim is to make the audit process as transparent and smooth as possible.
6. Final meeting and implementation of recommendations: Once the audit is complete, we hold a final meeting to discuss the findings and recommendations. We support you in implementing the recommended measures and are also available after the audit for further questions and support.

Through this structured approach, we ensure that the annual audit is carried out thoroughly and efficiently, helping to guarantee the financial integrity and transparency of your company.

The costs of a final audit vary depending on the scope and complexity of the audit. We will be happy to provide you with an individual fee quote based on your specific requirements. Please feel free to contact us or make an appointment directly.

A voluntary audit can strengthen the confidence of users of financial statements, increase transparency and identify potential risks at an early stage. It can also help to improve internal processes.

Good preparation includes providing all relevant documentation, coordinating with the audit team and ensuring that all accounting documents are complete and accurate. But rest assured, we will support you throughout the process and are always available to answer any questions you may have.

If errors are suspected or detected, the first step is to communicate with you. Together, we determine whether it really is an error or whether we are missing relevant information. If it turns out that there is an error, we assess its impact on the annual financial statements and, if applicable, the management report and our reporting. It is also important for us to check whether there is a systematic error and therefore whether there could be other errors in the financial statements. We are in close contact with you throughout the entire error analysis process.

The results of the annual audit are summarized in a long-form audit report, which provides you with detailed information about our audit procedure and the audit result. In addition, oral reports are also possible, for example in supervisory boards or in a final meeting with the managing directors. If we have identified potential for improvement in your internal processes, we will also provide you with a management letter containing details and information.

We attach great importance to the protection of your data and take comprehensive measures to ensure confidentiality. This includes secure data transfers, encryption and strict access policies. We use auditing software from an established software provider in this industry with server locations in the EU.

Yes, we are happy to offer you support in implementing the recommendations from the audit. The first step is to discuss the recommendations made during the audit of the annual financial statements. One of the professional principles of auditors is to maintain independence, i.e. we are not allowed to participate in the preparation of the annual financial statements or the design of the internal control system. Therefore, we must first check whether we can guarantee our independence. If this is not the case, we have a network of independent auditors that we can recommend to you.

As a rule, an audit is carried out annually. In the case of voluntary annual audits, the articles of association may provide for other regulations. Nevertheless, audit procedures must always be carried out on the opening balance sheet values if the interval is longer.

No, your company doesn't have to. But companies are often already more digital than their own perception indicates. The digital provision of data via our data room is desirable. At the start of the audit, we import all your accounting records into our audit software. To do this, we make use of the tax authority interface, which is available in every accounting software anyway (so-called "GoBD files").

You can easily make an appointment for an initial exchange via our online form on our website, via the contact form or by phone. Our team will be happy to discuss all the details with you.