We support our clients at every stage of setting up or modifying a tax compliance management system (tax CMS). This includes:
- Advice and support with assigning competences and responsibilities (DMI matrix/RACI matrix)
- Recommendations for an appropriate tax CMS structure and process organization
- Creating and implementing tax guidelines
- Risk and control matrix to identify risks and measures to mitigate them
- Preparing guidelines and procedural instructions for specific types of tax, and recommending action to minimize identified risks
- Developing a consensus-based tax CMS control system (control types, control intensity)
- Analyzing and modelling core tax processes
- Setting up a reporting system for compliance breaches and other matters
- Defining processes for escalation and sanctions
- Ensuring tax data compliance (with German GoBD regulations) and implementing IT-supported monitoring systems, in particular governance, risk and compliance solutions, continuous monitoring systems, tax data models, and individual assistance systems
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We support our clients with auditing and advisory services in the following areas:
The value of an enterprise is largely determined by its reputation and the trust placed in the business by stakeholders, customers, and equity providers. We help companies to maintain their good reputation and protect the responsible executive bodies by implementing or reviewing compliance and tax compliance management systems. Our solutions are tailored to the size and complexity of the business model. We also produce an individual risk profile as a starting point for our work.
When it comes to implementation, we’ll support you in identifying fraud and compliance risks, creating an individual concept, IT system integration, and with going live with the CMS. Apart from drawing on the substantial expertise of our interdisciplinary teams (lawyers, auditors and tax advisors), we refer to best practices and incorporate current developments, laws and conventions in Germany and abroad.
If you already run an established compliance or tax compliance management system and wish to demonstrate its appropriateness or effectiveness to internal and external stakeholders, such as supervisory bodies, customers or suppliers, you can ask us to perform an external audit. We audit the appropriateness and effectiveness of compliance and tax compliance management systems in accordance with IDW EPS 980: Principles for the Proper Performance of Reasonable Assurance Engagements Relating to Compliance Management Systems.
Up-to-date awareness of a company’s exposure to risk and the existence of transparent risk control measures are essential ingredients of successful business management. In this context, it is crucial for risk management to be integrated into the overarching business management system.
Our risk management services include advisory on the development, implementation and optimization of your risk management systems and statutory and voluntary audits of early risk warning systems in accordance with Sec. 317(4) of the German Commercial Code in conjunction with Sec. 91(2) of the German Stock Corporation Act, supplemented by voluntary audits of the risk management system in accordance with IDW PS 981: Principles for the Proper Auditing of Risk Management Systems. We perform our risk management advisory and auditing services in compliance with best practice (e.g. COSO II framework).
The internal control system is a central building block for the regularity and reliability of business processes. We support companies in designing and optimizing their internal control systems. In addition, we audit internal control systems in accordance with IDW PS 982: Principles for the Proper Auditing of the Internal Control System for Internal and External Reporting. These audits can provide management and supervisory bodies with information and assurance on the status of the internal control system as well as identify potential for optimization.
For small and midsized enterprises in particular, engaging external advisors to perform internal audits can be a sensible option for cost reasons. Our experts offer the advantage of an external, objective perspective on your organization. With their wide-ranging experience, they are familiar with the current industry benchmarks and best practices. We conduct audits efficiently and with the desired impact on risk mitigation and process optimization.
In addition, we audit internal audit systems in accordance with IDW PS 983: Principles for the Proper Auditing of Internal Audit Systems. These audits can provide management and supervisory bodies with information and assurance on the status of the internal audit system as well as identify potential for optimization.