INTERNATIONAL FINANCIAL REPORTING

Our approach
The cornerstone of our advice, consulting and auditing approach comprises our team of experts with many years of practical experience in the relevant fields. We provide you with advice that will stand up to audit – on request in direct consultation with the responsible financial statements’ auditor. Our work drives lasting knowledge transfer, as we train your employees on the job. Rather than viewing our assignment in isolation, we always keep track of the big picture. We consider the links to national GAAP financial statements and tax accounts, specificities of capital market law, and German Financial Reporting Enforcement Panel (DPR) enforcement priorities.

We use tried-and-tested IT tools in our work. In this connection, we apply strict project management, process design and implementation orientation. Our fee agreements are fair and transparent.

We aim to exceed your expectations. That is the service delivered by our top-qualified experts.

Qualifications held by our IFRS experts.

The experts we deploy on IFRS projects (irrespective of whether in consulting, auditing or training) generally have the following competencies:

• Wirtschaftsprüfer (German Public Auditor) and Steuerberater (German Tax Advisor)
• Certified Public Accountant – CPA
• Certified Valuation Analyst – CVA
• Certified Accounting Specialist – CAS

Longstanding experience in:

• Preparation and auditing of IFRS financial statements
• IFRS transition projects
• Specificities of capital market law
• Support in German Financial Reporting Enforcement Panel (DPR)/Federal Financial Supervisory Authority (BaFin) examinations

Consulting, auditing and training from a single source

We have been well positioned for many decades in all relevant areas of international financial reporting. In this regard, we support both capital market oriented and non-capital market oriented, mid-sized enterprises with the following capabilities:

Consulting on specific IFRS focal areas

• Preparation of IFRS annual and consolidated financial statements
• Preparation of IFRS group reporting packages
• Support in German Financial Reporting Enforcement Panel (DPR) examinations
• Provision of second opinions on uncertain points in relation to IFRS and complex accounting topics
• Transition to IFRS
• First-time application of new standards
• Purchase price allocation and impairment testing
• Support in all valuation matters

Auditing: Provision of audit and assurance services:

• Audit of IFRS annual and interim financial statements
• Audit of IFRS opening balance sheets
• Audit of PPAs

Training: Conduct of public and in-house seminars and workshops in collaboration with the ACCOVALIST Institute

• CAS – Certified Accounting Specialist
• CAS Alumni Annual IFRS Update Event
• Seminars on specific IFRS topics
• Seminars on specific German GAAP topics
• Seminars on valuation topics

IFRS Newsletter

Every month, Carsten Ernst, Managing Partner at WirtschaftsTreuhand, writes an article on topics related to international accounting. You can find all articles here:

IFRS Newsletter January 2021 – Has the plane landed?
IFRS Newsletter February 2021 – Scope and Exemptions
IFRS Newsletter March 2021 – Identifying a Lease
IFRS Newsletter April 2021 – Determining the lease term
IFRS Newsletter May 2021 – Recognition and initial measurement
IFRS Newsletter June 2021 – Subsequent measurement

to financial reporting