Audit of financial statements under German GAAP (HB II)

In today’s global world, financial statements tend to give less and less relevant information and companies group together in complex and sophisticated holding structures. Consolidated financial statements are therefore coming to the fore. These may be prepared in accordance with local (Czech) GAAP or typically in accordance with IFRS.

Our auditors have many years of experience with both accounting frameworks and can therefore offer not only theoretical advice on the preparation of consolidated financial statements, but also advice on their practical application - even in very specific and complex cases that call for resolving a specific issue that a client’s company may face.

The audit of consolidated financial statements is a completely separate audit area, which often requires the cooperation of several auditors from different countries, a review of the accounting methods applied (accounting framework), a review of the reporting package and, of course, a review of the individual steps in the preparation of the consolidated financial statements.

In this regard, Rödl & Partner can offer you, through its global network, a uniform standard for conducting audits or limited reviews in individual companies and a method for efficient information sharing between auditors and the management of individual companies, all made possible by the modern cloud technologies and state-of-the art tools used by our firm.