Audit

Our auditing strategy focuses on verifying formal transaction and accounting system compliance based on legal and professional requirements. In addition, we analyse the company's enonomic development and control architecture. Another significant component of our auditing work is gathering accurate information about company organs.

New corporate governance principles, the Sarbanes-Oxley Act, and the 8th EU Directive have since changed the auditing landscape and given the audit a new focus. Aided by business-process, risk-oriented analysis of business activities, audits have also opened the door to situation analysis and provided us with a basis for developing forward-looking ideas and approaches.

Our Audit Services include:

• Audits of financial statements and consolidated financial statement audits according to the provisions of the German Commercial Code (HGB) and the International Financial Reporting Standards (IFRS)
• Audits of incorporation, change of legal form and merger audits
• Audits in accordance with German budgetary regulations
• Special audits in accordance with company law
• Audits of investments
• Audits of compliance with regard to the regulations concerning brokers and real estate developers
• Audits of stock brokers

Each year, SUSAT completes about 650 audits of annual and consolidated financial statements in which the professional seal is applied. A large proportion of our auditing services are provided to clients with more than 1,000 employees.

Because we are a member firm of Grant Thornton International, we can arrange audits of foreign subsidiaries using other local member firms of Grant Thornton International. All member firms use a standardised auditing approach and the same auditing software. So we can ensure audits of foreign subsidiaries are all conducted at a high uniform level of quality.