Frank Schmid - German Public Auditor and Tax Adviser
Frank Schmid is Audit Partner in Duesseldorf and has around 20 years of experience audits of annual and group financial statements according to German GAAP, IFRS, and US GAAP. He has been exclusively serving US companies with operations in Germany and other European countries for more than 10 years. In his role as Head of US Desk he is responsible for audit and assurance services for US owned groups and subsidiaries in Germany. He is a member of Grant Thornton’s Automotive industry group.
Fields of expertise
- International clients with accounting under IFRS and US GAAP
- Statutory audits of financial statements and consolidated financial statements
- Post-transaction integration
- US GAAP conversion and reporting implementation
- Audit, internal audit, and implementation of internal controls (SOX)
Memberships
- American Chamber of Commerce in Germany e.V
- Institute of Public Auditors in Germany [Institut der Wirtschaftsprüfer in Deutschland e.V. (IDW)]
Qualifications
- Tax Adviser
- German Public Auditor
- Diplom-Kaufmann [Master's-level graduate in business administration]
Latest Articles
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Financial accounting and reporting
Higher thresholds planned for enterprise class sizes in the Commercial Code
A current federal government bill provides for raising the monetary thresholds for determining the sizes of enterprise classes in accounting law by around 25 per cent. In this article, we let you know the details.
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3 min read
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07 Feb 2024
Accounting
The future of non-financial reporting – an update on sustainability reporting
The Institute of Public Auditors in Germany, Incorporated Association (IDW) [Institut der Wirtschaftsprüfer in Deutschland e.V.], published a position paper on the future of non-financial reporting and assurance. Besides aspects to be considered for the development of an integrated reporting that addresses the information requirements of all stakeholders, the abstract provides an update on the latest ESG reporting pronuncements.
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4 min read
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24 Jul 2023
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