Process auditing and consulting

Background
The entrepreneurial environment is currently characterized by ongoing changes to statutory requirements, competition regulations, legal bases and other standards. This gives rise to financial risks and fines attributable to violations of the law which are in turn accompanied by financial losses and injury to reputation. Reacting effectively and successfully means taking advantage of opportunities and minimizing risks. In order to react to these challenges, successful companies have efficient corporate management and an adaptable organization structure. Such organizations include a risk management system with internal monitoring systems.

Our range of services
We support you in the implementation of risk management systems. And we also conduct reviews of existing systems. During introduction, we provide you with support from the original concept through project steering to operative technical and content-based realization. Thanks to our multidisciplinary consulting approach, we can also support you in selecting the requisite EDP tools as well as providing legal advice within the framework of such risk management processes. We examine outsourced functions and services on which we draw up test reports in accordance with the IDW test standard PS 951 “Testing of internal control systems at a service company”.

Background
High-growth markets, expansion by acquiring domestic and foreign subsidiaries, the necessity to standardize process cycles and align them to benchmarks increasingly have an effect on corporate organizational structures. Internal auditing forms the basis for efficient core business processes, whereby the range of application covered by internal auditing is extensive. Apart from the monitoring function, a responsibility for improving the efficiency of processes within your company is also becoming more apparent.

Our range of services
We handle revision tasks, conduct special reviews, examine financial contributions, analyze business processes and carry out compliance and feasibility audits. We also support you in developing your own internal auditing department and help you to maintain the standards of the Institut für Interne Revision e.V. (IIR) or conduct quality assessments.

Background
Fraud, bribery and corruption can lead to financial losses and significantly impair your company’s image. Swift and precise action is required for detecting and preventing further economic disadvantages.

Our range of services
We support you in carrying out discrete investigations of suspected cases and claims. Thanks to our multidisciplinary consulting approach, attorneys-at-law and experienced auditors collaborate to professionally process information. We support you in the form of an approach which is closely coordinated with you and demonstrates potential constructive solutions. At the same time, we also help you to protect your corporate values and reputation over the long term by analyzing business risks in advance and demonstrating possibilities for prevention.

Background
In the public perception of your company, adherence to laws and regulations is attributed great significance. Accordingly, compliance is a firm component of good corporate governance for sustainably successful companies. Apart from respecting laws, compliance also comprises the development of corporate management oriented toward values. Compliance is therefore increasingly an issue among family-managed and other medium-sized companies which are characterized by flat hierarchies and visionary management personalities. We address this in our consulting oriented toward medium-sized companies.

Our range of services
We support you in implementing company-wide and department-specific compliance solutions. We draw up compliance documents such as codes of behavior, guidelines and task descriptions for those in charge of compliance, and develop compliance manuals. Based on our interdisciplinary consulting approach, we also support you in the area of tax compliance, assist you during tax audits and provide consulting services in the event of compliance violations.

Background
The Sarbanes Oxley Act (section 404) obliges companies listed on the US stock exchange and their subsidiaries worldwide to document their internal control systems as well as subject the effectiveness of such internal control systems to annual tests.

Our range of services
Our multidisciplinary approach to consulting enables us to combine our expertise in US GAAP accounting with that of internal audits. We help our clients in implementing and documenting the requirements of section 404 of the Sarbanes Oxley Act. We carry out any necessary tests for you, thereby freeing up capacity for your company.

Backgrounds
Our experience shows that bills can be booked twice or incorrectly even at companies which display excellent organization. This proves that overpayments in the area of creditors are inevitable. We specialize in examining your accounts payable area enabling us to improve “lost earnings and liquidity”.

Our range of services
Our “Checking accounts payable and reimbursements” area scrutinizes the entire accounts payable process from orders through payments, whereby overpayments and credit items not requested by creditors are identified and the reimbursement process initiated. We also detect supplier terms which have not been maxed out and non-asserted input tax deductions. These services are based on our many years of experience in examining and designing accounts payable processes in a variety of sectors.