Our knowledge of our clients is the central element in a successful audit.
We can only confirm with adequate certainty that the annual financial statements comply with the law and the articles of association in all material aspects if we understand the operating environment, the organisation and the processes.
To systematically analyse this information on a client, it is assembled into a business analysis framework (BAF). The BAF covers the following aspects of a business:
- Market/environment (state of competition, macroeconomic environment, regulatory environment)
- Strategy (targets, organisational structure, management, IT)
- Value drivers/activities (customers, innovation, employees, brands, reputation)
- Financial performance (assets, financial position and results of operations, risk situation, budgets, accounting principles)