You want to ensure that the increasing demands on annual financial statements are handled by competent professionals.
Annual Audit
Regulatory Requirement and Trust-Building Measure
Whether it’s a standalone or consolidated financial statement, obtaining an objective opinion on the accuracy of your annual financial statements and management report not only fulfills a legal obligation but also enhances reliability. Depending on your needs, we apply HGB or IFRS standards.
With our extensive experience in the real estate sector and municipal enterprises, we understand your business requirements. Our expertise is also trusted by energy providers, as well as production and service companies.
We employ a streamlined – digital – audit approach, maintain internal quality assurance, and continuously improve our processes.
Through our affiliation with the international Russell Bedford International (RBI) network, we meet international requirements for annual audits.
What brings you to us?
Whether you have a specific question or general inquiries - we are here to assist you.
Insights into risks or potential process improvements identified during the audit are important to you.
As a company with growth ambitions, you seek a partner who can support you on this journey.
Your company is not yet legally required to undergo an audit according to HGB, but you desire the assurance that your annual financial statements are properly prepared.
You wish to enhance the credibility of your annual financial statements with your banks.
Our Services at a Glance
- Voluntary and statutory annual audits according to HGB and IFRS
- Consolidated financial statement audits according to HGB and IFRS
- Audit of sustainability reporting
- Legally mandated audits under corporate law
- Special audits commissioned by supervisory boards or other oversight bodies
- Audit of financial statements for foundations, associations, and municipal enterprises
- (Municipal) opening balance sheets
- Critical assessment of the annual financial statements and, if applicable, the management report
- Interim reviews of monthly, quarterly, or semi-annual financial statements
Our Clients Ask Us...
How do I know if my company is required to undergo an annual audit?
The obligation depends on the size of the company. According to §267 HGB, the criteria include revenue, balance sheet total, and number of employees. A company is subject to audit if it is classified as at least “medium-sized.”
Additionally, small or micro enterprises may be required to undergo an audit if stipulated in the articles of association or bylaws.
How can I be confident that objective standards are applied during the audit and that the results are comprehensive and accurate?
Auditors are subject to stringent professional requirements, as outlined in the German Public Accountants Act (WPO).
General professional duties include conducting activities independently, diligently, confidentially, and responsibly. The implementation always considers the size and complexity of the company, as well as the nature and scope of its business activities.
How long does an annual audit take, and how many resources will it require from my company?
The duration depends on the size and complexity of the company.
At DOMUS, we prioritize ensuring that an audit minimally impacts daily operations. We develop an efficient audit approach tailored specifically to your company. We also utilize technical tools to facilitate a resource-efficient audit.
In which cases is a review sufficient, allowing me to forego a full annual audit?
A review is generally sufficient when there is no legal or statutory requirement for a full audit. Typically, reviews are conducted voluntarily.
When is an interim review appropriate?
If, for example, you need to demonstrate a certain level of transparency or credibility of your financial information to banks or investors during capital market transactions, a review of monthly, quarterly, or semi-annual financial statements may be advisable.
