Partner, Diplom-Kaufmann, Wirtschaftsprüfer, Steuerberater, Fachberater für Controlling und Finanzwirtschaft (DStV e.V.)
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Reasonableness testing of financial statements
We assess the plausibility of your annual financial statements so that the financing of your next big step works out.
Annual financial statements with reasonableness testing.
The requirements for the form and content of annual financial statements are constantly rising, so that submitting simple annual financial statements to credit institutions in order to obtain credit is often no longer sufficient. Annual financial statements with reasonableness testing are frequently requested.
Carrying out the reasonableness testing comprises the classic preparation work, supplemented by analytical assessments and plausibility checks.
The certificate issued afterwards refers to the reasonableness testing carried out.
In addition, the annual financial statements can also be prepared with comprehensive assessments. This goes beyond preparation with reasonableness testing and additionally requires an assessment of the propriety of the bookkeeping and of the appropriateness and effectiveness of the internal control system relating to financial reporting. These assessments are to be carried out in nature and scope as for an audit of financial statements. The certificate refers to the comprehensive assessments.
What we do for you
- Preparation and advice, data preparation and controlling
- Preparation of annual financial statements, on request with an explanatory report and with delivery of the compilation report
- Reasonableness testing with certificate
- Preparation with comprehensive assessments
- Notes to the financial statements, management report, electronic balance sheet (E-Bilanz) and disclosure documents
- Opening, interim, closing and settlement balance sheets
- Balance sheet policy, balance sheet analysis and concluding discussion of the financial statements
Contacts
The experts to match.
Partner, Diplom-Kaufmann, Wirtschaftsprüfer und Steuerberater
Steuerberaterin, Wirtschaftsprüferin
Diplom-Kaufmann, Steuerberater, Wirtschaftsprüfer
Frequently asked questions about reasonableness testing
Answers to the questions our clients ask us most often about reasonableness testing.
What exactly do you certify?
The certificate refers to the reasonableness testing carried out. If the annual financial statements are prepared with comprehensive assessments, the certificate refers to those.
Will that be enough for my bank?
In most cases, yes. If you tell us which institution and which requirement is behind the request, we will clarify the necessary scope in advance. It is not worth having more assessed than is required.
How does this differ from an audit of financial statements?
In the scope of the procedures and in the level of assurance. In an audit of financial statements, we assess whether your financial statements are free from material misstatement with reasonable assurance; in reasonableness testing, we assess the plausibility of your annual financial statements. The effort differs accordingly.
Can you also prepare the financial statements straight away?
Yes. Carrying out the reasonableness testing comprises the preparation work, analytical assessments and the issuing of the certificate.
Any further questions?
Was your question not among them? Call us or write to us. We are here for you.
Contact
We are here for you.
Was your question not among them? Call us or write to us. We are here for you.