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Audit
Auditing increases the reliability of your company information for decision-makers and users – it’s a matter of credibility and trust.
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Assurance
We have established Assurance Service Lines in the area of audit-related consulting so that we can support you in identifying the risks and challenges relevant to you.
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Technology consulting
Receive customised technology consulting
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Operational excellence and restructuring
Advisory for businesses, whatever situation they’re in
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Deal Advisory
We’ll advise you on national and international transactions
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Valuation & economic and dispute advisory
We’ll value your business fairly and realistically
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Tax for businesses
Because your business – national or international – deserves better tax advice.
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Private Clients
Wealth needs trust, transparency and clever minds. We can do that!
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Business Process Solutions
Measuring and utilising company data
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Real estate tax
Real estate taxation – we provide answers to your questions!
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Tax for financial institutions
Financial services tax – for banks, asset managers and insurance companies
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Tax in the public sector
Advisory and services for the public sector and non-profit organisations
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Employment law
Representation for businesses
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Commercial & distribution
Making purchasing and distribution legally water-tight.
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Compliance & directors’ liability
Avoiding liability at your company
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Inheritance and succession
Don’t leave the future to chance.
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Financial Services | Legal
Your Growth, Our Commitment.
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Business legal
Doing business successfully by optimally structuring companies
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Real estate law
We cover everything on the real estate sector.
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IT, IP and data protection
IT security and digital innovations
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Litigation
Designing solutions – we’re your partner for successfully resolving disputes
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Mergers & acquisitions (M&A)
Your one-stop service provider focusing on M&A transactions
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Restructuring & insolvency
Securing the future in the crisis.
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Energy, telecommunications and public economic law
Comprehensive advice in energy law, telecommunications law, public commercial law & regulated markets.
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Technology consulting
IT enables business
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IT assurance
Rapid technological change is a sign of our times.
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Tax Technology
Digitalisation for tax and finance departments
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IT, IP and data protection
IT security and digital innovations
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Public sector
Digitalisation, processes & projects
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Cyber Security
Advice and services for the mid-market in Germany
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Security consulting
Stay on course, even in stormy times
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Sustainability strategy
Laying the cornerstone for sustainability.
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Sustainability management
Managing the change to sustainability.
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Legal aspects of sustainability
Legal aspects of sustainability
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Sustainability reporting
Communicating sustainability performance and ensuring compliance.
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Sustainable finance
Integrating sustainability into investment decisions.
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International business
Our country expertise
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Entering the German market
Your reliable partners.
Accounting & Reporting Advisory: Expertise that creates trust
In the dynamic environment in which we are currently moving, the requirements on management and supervisory bodies are increasing, because legislation and guidelines – which are partly linked to higher personal liability risks are also continually changing. At the same time, the public and capital markets expect a presentation of the situation for business that is reliable and comprehensive.
Your question is – who can help us with in-depth know-how on the topic of accounting and reporting? Can we outsource certain components to competent and reliable advisors to increase efficiency?
Grant Thornton Germany brings trust and security!
Our range of services particularly includes:
- Comprehensive support with special issues such as purchase price allocation (PPA), impairment tests or provisions
- Our structured approach for PPAs:
- analysis of the background to the transaction (reasons, structure, etc.)
determine the acquisition date, calculate acquisition costs
- identify assets and liabilities (including those as yet not recognised), derive the fair values of the acquired assets and liabilities,
determine deferred taxes
- derive goodwill, analyse the effects on the balance sheet and statement of profit and loss, follow-up accounting (impairment test) - Calculate and present accounting effects relevant to decisions for planned corporate transactions or intercompany reorganisations
- Expansion to include questions on the notes to the financial statements: Completeness of the notes in compliance with the principle of materiality
- Provide information and development of plans to prepare for IFRS conversion
- Provide tools and methods to execute the conversion quickly and with focus.
- Specialist support with profound IFRS expertise and practical experience from numerous conversion projects
- Assistance with the entire conversion process to initial compilation of IFRS financial statements
- First summary of the changes
- Thorough study of present accounting
- Support with implementing new processes or tools
- Company-specific implementation of the new standards
- Impact analysis and selection of software support
- Compilation and adjustment of documentation
- Tagging simulations
- Strategic and tactical communication planning
- Process management and specialist support
- Research in literature and databases
- Suggestions for argumentation and formulations, responses to complex issues
- Assistance with talks with FREP auditors
- Support with case-based queries to FREP on pre-clearance proceedings
- Compilation of requirement lists and an accounting policy
- Development of group reporting and consolidation plan
- Preparation of the separate financial statements for consolidation (procedures for HB II , currency translation), compilation of a uniform group chart of accounts
- Consolidation of capital, liabilities, intercompany profits, income and expenses
- Calculation and adjustment of deferred taxes
- Proportionate consolidation and equity-method consolidation for non-consolidated entities
- Compilation of the consolidated financial statements and the notes to the consolidated financial statements in compliance with the relevant German Accounting Standards (DRS) or international accounting standards.
- Set up of organisation for compilation of consolidated financial statements, process optimisation
- Development of business processes to compile and approve the (group) management report
- Conceptualisation and support with identifying specific, mandatory contents
- Analysis regarding conformity with GAS 20: “Group management report” and IDW PS 350 (revised): “Audit of the management report as part of the annual audit” with recommendations for formulation
- Support with identifying the most important financial and non-financial performance indicators
- Support with compiling documentation
- Written opinions on the theoretical basis of complex accounting matters
- Involvement in the current specialist discussions on individual German GAAP/IFRS issues
- Support with compiling argumentation
- Clarification of issues of fact by a neutral third party
- Support with selecting the framework to be applied
- Description of the business model and plans followed by the company, including applied due diligence processes and results
- Materiality analyses complying with the legally required double materiality
- Identification, assessment, management and reporting of non-financial risks
- Development of measures, indicators (non-financial performance indicators) and targets
- Basic training for accounting staff
- Follow-on and advanced seminars on specific topics for specialists
- High level training courses for directors and board members
- Workshops and seminars according to specification
- Regular update seminars to present new rules and on-going projects (German GAAP, IFRS and US GAAP)
Excellence in accounting & reporting advisory
Our experts will be glad to render you their support with comprehensive advisory services. The size and make-up of the teams is tailored to our clients’ individual needs. An interdisciplinary collaboration with our outstanding colleagues from tax and legal advisory is a matter of course.
Our specialists in accounting & reporting advisory have many years of practical experience in the preparation and auditing of national and international companies. They also sit on national and international auditor committees and are represented by Grant Thornton International, thereby actively working on the further development of accounting and reporting. Take advantage of our experience and expertise!