Preparation of annual financial statements and audit

Due to the rising number of infections, we expect more drastic measures to contain the pandemic. This can and will also affect the performance of finance departments. At the same time, they have a prominent role to play in providing the necessary information regarding the various application procedures.

It will be essential that annual financial statements are up to date when applying for government aid and loans. It is yet to be decided whether the annual financial statements need to be audited before submission. Speed is now of the essence, but without sacrificing quality.

We are helping companies prepare their annual financial statements by means of:

  • Transferring the accounting data to our systems for accounting finalisation
  • Quickly creating reports for bank meetings
  • Fully taking over the preparation of the annual financial statements due to lack of internal capacities within the company (employees isolating at home)

We are helping companies with the audit of their annual financial statements by means of:

Fully digitalised processes

Our virtual data rooms contribute significantly to the acceleration and decentralisation of processes. Electronic audit files ensure processes are decentralised.

Efficient audit performance

The use of mass data analysis tools (IDEA) and specialist staff reduces the effort of case-by-case reviews.

Electronic signatures

We ensure the preparation of audit opinions by using qualified electronic signatures. This allows us to sign and send out audit reports locally.

The Institut der Wirtschaftsprüfer in Deutschland e.V. [Institute of Public Auditors in Germany, Incorporated Association] (IDW) has published a document containing technical information on the “Effects of the spread of the coronavirus on financial statements as at 31 December 2019 and the audit thereof” (available in German only). More detailed information is available here: