As a professional auditor we are able to carry out both statutory and voluntary audits of annual accounts for local authority undertakings and public enterprises in compliance with the requirements of Sec. 316 ff of the German Commercial Code ('Handelsgesetzbuch': HGB).
We are familiar with the special accounting regulations that regularly apply to public enterprises:
- Housing associations
- Public transportation companies
- Public utility companies
- Public waste disposal companies
- Hospitals and care homes
Our approach focuses on risk and business processes and enables us to conduct an efficient and economical audit. In the case of public undertakings, we also intentionally treat the audits of annual accounts as business audits. These audits do not merely serve to fulfil legal or statutory obligations but also provide information on areas of weakness and improvement potential. In a Management Letter and/or final meeting with the management team and the supervisory board chairman, we will give valuable pointers on how to improve internal processes, on the possible risks and potential for development.
During the supervisory board's accounts review meeting, we will present the main results from our audit in plain language, give a condensed overview of the final figures, comment on the presentation of the undertaking's financial position and answer questions.
