Auditing for the automotive industry: Our services

Comprehensive, high-quality and future-oriented services for the automotive industry must always meet the requirement of added value. We develop joint, targeted solutions to the issues facing the industry – be it a traditional audit of financial statements in compliance with the German Commercial Code (HGB) or IFRS, or comprehensive support for an M&A transaction:

• Group and annual audits in accordance with German and international auditing standards
• Audits of balance sheets as of the balance sheet date or closing accounts
• Special statutory audits:
  • Special audits in accordance with GmbH law, stock corporation law or transformation law (e.g. in the case of formation, transformation, merger or change of capital)
  • Audits in accordance with the German Securities Trading Act (WpHG)
  • Audits of monetary transactions and holdings in insolvency proceedings (§ 69 InsO) 
• Review engagements (IDW PS 900)
• Audits of operational processes and internal control systems
• Audit of compliance management systems
• Audit of reorganisation concepts
• Digital governance, risk & compliance:
  • Data Protection Compliance Audits (IDW PH 9.860.1)
  • Audit of the compliance of IT-supported business processes (IDW PH 9.330.2)
  • Ensuring the compliance of data processing when using IT for accounting (IDW PS 330)
  • Project-accompanying audit during the introduction of ERP systems and software development (IDW PS 850)
  • Audit of archiving systems
  • Audit of service providers in outsourcing and cloud computing (IDW PS 951)
  • Outsourcing / co-sourcing of internal auditing
• Accompaniment of corporate actions:
  • Issuance of comfort letters
  • Support in the preparation of prospectuses
  • Audit of pro forma statements
• Embezzlement audits
• Other audits / attestation services:
  • Attestation of financial covenants
  • Creditworthiness and depositary audits
  • Audit of environmental reports and environmental information systems
  • Audit of sustainability reports
  • Audit according to packaging law
• Accounting and reporting:
  • Preparation of closing balance sheets or closing accounts
  • Conversion to IFRS and introduction of new standards
  • Lease accounting according to IFRS 16
  • Organisation and optimisation of accounting
  • Solutions to complex business transactions:           
    • Revenue recognition in series production and special construction
    • Development costs & development cooperations
    • Tooling
    • Accounting for grants
    • Joint ventures, joint operations and special purpose entities
  • Support during enforcement audits
  • Preparation of annual and consolidated financial statements according to HGB, IFRS or US-GAAP
  • Tax accounting
• Audit-related consulting services:
  • Planning and reporting
  • Financial modeling
  • Valuation Services:
    • Valuation and recoverability of assets in the transformation process
  • Due Diligence
• Other services:
  • Implementation and support of internal auditing
  • IT auditing: With risk-oriented auditing to continuous improvement
  • IT auditing outside of the audit of financial statements (IDW PS 860)
  • Software certification (IDW PS 880)