Audit of Proper Corporate Governance
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Specific requirements for proper corporate governance apply to companies and owner-managed enterprises with public bodies as shareholders. Complying with the principles of efficiency and economy in accordance with Section 53 of the Budgetary Principles Act (Haushaltsgrundsätzegesetz, HGrG) is essential. In particular, local authority shareholdings of more than 50 % require an extended audit to ensure the efficient use of public funds.
Common challenges for companies include:
- Complying with legal corporate governance requirements
- Ensuring efficiency and economy in business management
- Documentation and verification for supervisory and monitoring bodies
- Identifying and minimizing liability risks for managing directors
Audit and Advisory Services for Proper Corporate Governance
Our experts perform audits in accordance with the guidelines set out in IDW PS 720 and assist you in ensuring compliance with legal provisions. We audit corporate governance for compliance, transparency and efficiency and prepare detailed reports that serve as a solid basis for decision-making by supervisory bodies and stakeholders. Furthermore, we help you implement and optimize documentation and verification systems to achieve transparent and compliant corporate governance.
Our Services in Detail
- Analysing corporate governance for compliance with legal guidelines
- Audit of compliance with the principles of efficiency and economy
- Identifying opportunities for optimizing business management
- Support with implementing documentation and verification systems
- Advice on minimizing liability risks for managing directors and decision-makers
- Preparing practical recommendations for actions to increase efficiency
- Preparing detailed audit reports for supervisory bodies and stakeholders
- Developing compliance and governance guidelines
- Assistance with official and regulatory requirements
Your Benefits
- Ensured compliance with legal guidelines and provisions
- Transparency for supervisory and monitoring bodies
- Reduced liability risks for managing directors
- Optimized business management through well-founded analyses
- Customized solutions by experienced experts
