Advisory Services
Advisory on Accounting under HGB and IFRS including Consolidated Financial Reporting
As auditors, we possess extensive knowledge of corporate accounting under HGB and IFRS, particularly regarding planned changes in financial reporting or available accounting options (discretionary powers). Please feel free to contact us if you require external support for the implementation of accounting matters or if you wish to obtain an external second opinion on a planned accounting treatment.
Audit-Related Advisory
Audit-related advisory refers to consulting services provided in connection with statutory or voluntary audits or the corresponding audit content.
The primary objective of audit-related advisory is to support you as a client in optimizing internal processes, ensuring compliance, and improving the internal control system or financial reporting by providing audit-based guidance during implementation. This is particularly suitable, for example, for improving the internal control system within the accounting process or implementing regulatory requirements.
Restructuring and Insolvency
As auditors, we can prepare expert opinions for you on specific business-related issues. This may be necessary particularly in cases of corporate crises where a restructuring of the company is required or where it must be verified whether grounds for insolvency may exist.
IDW S6 Reports (Restructuring Concepts) first analyze the causes of the crisis and outline detailed restructuring measures, including integrated financial planning (balance sheet, P&L, and liquidity for at least two subsequent years). These often represent a prerequisite for further lending by banks.
If the affected company seeks insolvency under self-administration, an expert certificate pursuant to Section 270a InsO is regularly required. In this certificate, we, as the appointed auditors, confirm that there is imminent insolvency or over-indebtedness, but not yet actual insolvency, and that the intended restructuring is not obviously hopeless. The basis for this confirmation is the IDW Standard 9, which defines the requirements for assessing restructuring viability and auditing financial planning.
For restructuring under protective shield proceedings (Schutzschirmverfahren) pursuant to Section 270d InsO, in which shareholders retain control over their company under the supervision of a court-appointed provisional trustee, a restructuring concept according to IDW S6 may be required as a basis for the self-administration planning to be prepared by the debtor and the subsequent insolvency plan. Furthermore, as auditors, we can examine the financial plans submitted by the debtor within the framework of self-administration for their consistency and sustainability.
Another area in which we can support you is the preparation of Going Concern Reports to determine whether the continuation of business activities is secured, particularly with regard to business prospects and corporate liquidity.
Expert Witness / Court-Appointed Expert
We are also pleased to serve as court-appointed experts in legal disputes involving complex business issues, providing objective expertise to clarify the pending matters.
