Objective opinions from auditors increase the reliability of information for all decision-makers. When auditing annual financial statements in accordance with German HGB, we place the highest value on quality and independence. Our auditing services include the auditing of standalone, consolidated and group financial statements, specifically tailored to the requirements pursuant to German HGB. Our auditors apply a lean, internationally standardized audit approach that is tailored to your company’s specific needs right from the start.

We attach great importance to managing audit projects efficiently and centrally and to maintaining intensive, cross-border communication within our global Baker Tilly network. This approach enables us to ensure the highest quality and efficient assurance service that perfectly meets the German HGB’s specific requirements and regulations. Rely on our independent and expert audit in order to maximize the reliability of your financial reports and make informed decisions for your business.
 

Our HGB audit services

  • Standalone audits of annual financial statements in accordance with HGB 
  • Consolidated audits of annual financial statements in accordance with HGB
  • Group audits of annual financial statements in accordance with HGB

All services in the area of audits pursuant to IFRS are available here

Prof. Dr. Thomas Edenhofer

Prof. Dr. Thomas Edenhofer

Managing Partner

German CPA, Certified Tax Advisor

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Available for you throughout Germany

Available for you throughout Germany

Find your local auditor at one of our German locations in ten cities.

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Our principles for our annual audits

Our principles in the auditing of annual financial statements in accordance with German HGB guarantee high-quality, reliable and efficient support. Fixed contact persons who are deeply rooted in your industry respond quickly to your needs. Our experienced employees and partners, who are directly involved in the audit processes, enable fast decision-making processes and continuous support.

Our approach includes a year-round support concept and ensures continuous communication and personal availability. This enables us to respond proactively to changes and deliver on time. The use of specialists for specific issues and clear responsibilities within our team ensures that every audit is performed with the highest level of expertise and accuracy. Rely on our structured and experienced approach to effectively ensure the quality and integrity of your financial statements and strengthen your confidence in our audit.
 

Frequently asked questions

An annual audit is a systematic review of a company’s financial reporting by a qualified auditor. The aim is to ensure the correctness and fairness of the reports in accordance with the applicable accounting standards such as HGB and IFRS in order to strengthen stakeholder confidence.

The audit of annual financial statements serves to ensure the reliability of financial reporting and is often required by law. It helps companies to gain the trust of investors, lenders and other stakeholders and improves internal control mechanisms and business processes.

According to the German Commercial Code, medium-sized and large corporations as well as corporate groups must have their annual financial statements audited by an independent auditor. The classification is based on criteria such as total assets, sales revenue and number of employees.

The audit process is divided into planning, the audit of internal controls, detailed examinations and preparing an audit report. Each step is carried out thoroughly in order to ensure the integrity and accuracy of the financial reporting.

The duration of an annual audit varies depending on the company’s size and complexity. It usually ranges from a few weeks to several months. Early planning and preparation are essential in order to meet all relevant deadlines.

Companies should ensure that their accounting and financial documentation is accurate. It is advisable to keep relevant documents such as contracts and receipts available and maintain proactive communication with the audit team.

The challenges often include incomplete records, weaknesses in the internal control system and deviations from recognized accounting standards. An open exchange and close cooperation between companies and auditors can help to address such problems effectively.

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