If the public sector holds a majority of the shares in a company, e.g. a GmbH, an AG, or a GmbH & Co. KG, there is a mandatory obligation to regularly carry out audits pursuant to Section 53 of the Budget Principles Act. This exceeds a “normal” annual audit, because an audit of this kind also checks aspects such as the correctness of the management, and reports on liquidity and profitability.
Thanks to our experience in this field of auditing, we can also satisfy the more widespread requirements for the annual financial statements on behalf of our clients. Punctually and with all of the necessary professional competence.
We also take part in the system for quality control which is a prerequisite for statutory pursuant to Section 53 of the Budget Principles Act (certification) and we are therefore registered as auditor in the professional register of German Chamber auf Auditors according to § 38 Nr. 2f WPO (German Public Accountants Act).