National and international accounting practices are extremely complex and subject to continual change. Lawmakers have responded to the increasing susceptibility to errors in external financial reporting by introducing stricter auditing and financial controls. Enforcement pressure on businesses means they need to perform an unprecedented balancing act to ensure that accounting policy interests are observed and accounting standards are properly applied.
We can offer clients the best possible individual support by including lawyers, auditors and university professors in our teams of proven experts in external financial reporting.
Typical fields in national and international accounting include:
We assist our clients by resolving individual questions, optimizing internal accounting directives, and conducting in-house training courses. At the same time, we are always available as a backup and sparring partner, showing our clients comprehensive alternative courses of action where required.
We have many years’ experience in introducing and embedding new accounting standards. Organizations that apply IRFS have needed to revise their policies increasingly frequently in recent years because of extensive changes to the regulations, but they are not the only ones. In view of reforms such as the German Accounting Law Modernization Act and the German Accounting Directive Implementation Act, enterprises that prepare accounts in compliance with the German Commercial Code must likewise identify and apply the relevant accounting and disclosure outcomes.
The advice we provide in the field of tax accounting spans a broad range. Our services include assessing the recoverability of deferred tax assets, reviewing tax items in the context of preparing financial statements, analyzing group tax ratios, introducing a group-wide tax compliance management system, and supervising the introduction of tax tools.
Some matters can be difficult to assign clearly to a specific accounting standard. In many such cases, opinions vary. We enable our clients to assert their accounting policy interests while complying with the relevant regulations. Our work can extend from producing a second opinion that questions an auditor’s findings to representation in judicial proceedings. Our team of experts can also draw on extensive experience of overseeing a host of enforcement proceedings.