We analyze your business processes and help in identifying weak points. We can then develop tailor-made solutions, creating a competitive advantage for your firm. We are also interested in how effectively your monitoring and early warning system functions so that you are not suddenly presented with unexpected risks which could endanger your firm’s future development.
With us you can rely on the services of highly qualified and experienced auditors. In contrast to the big auditing companies, our audit teams are not constantly changing so that you do not have to explain your company again each year. For us, the focus is always on a long-term, partnership-like collaboration.
As a result of legally mandated audits we can guarantee you and your business partners that your year-end financial statement will be correct and proper.
» For more information, please refer to the column on the right: Service overview, legal audits
Even if legislators do not prescribe an audit, a voluntary audit builds trust among your financiers and business partners. Voluntary audits are becoming increasingly important for a firm’s success.
» For more information, please refer to the column on the right: Service overview, voluntary audits
Our expertise in all areas of accounting makes us a competent partner for your conversion process. We support both companies during their conversion from the German Commercial Code (HGB) to the International Financial Reporting Standards (IFRS) as well as public corporations in replacing fiscal accounting with double entry accounting.
The introduction of IFRS represents a challenge to the entire firm. We will support you during the entire conversion process. Working together with your project manager we can develop a detailed project plan specifically tailored to your requirements which can then be implemented with our assistance.
At the successful conslusion of the conversion to IFRS you will be more than ready to meet the forthcoming challenges arising from your firm's further internationalization.
An era is drawing to a close for communal budgetary management. The current budgetary law of fiscal accounting has reached the end of its life and will be replaced by the new communal financial management system. Numerous communities and chambers in Germany have already decided in favor of introducing double entry budgetary and accounting methods.
We can provide support throughout the entire conversion to double entry accounting. In this, the focus is on the specific needs of your community or chamber. Together with the project leader, we will assume on-site project management of the conversion project. Our consultant will work together with your community or chamber to prepare a project plan. This project plan will be subdivided into sections which can either be implemented independently by your community or chamber or can be implemented together with us.
» For more information, please refer to the column on the right: Consulting modules for the implementation of the new communal financial management
Within the context of the legally mandated “peer review” procedure, our quality assurance system was examined in 2005 by another, independent auditing firm to ensure its propriety and effectiveness. The examination result certified that our standards for order processing, for the internal examination of order processing and with regard to our practical orientation all comply with existing legal requirements. WISTA AG was therefore certified as participating in the quality control system in accordance with § 57a. Para. 6. Clause 7 of the WPO.
Year-end financial statements and consolidated financial statements in accordance with the HGB Consolidated financial statements in accordance with International Financial Reporting Standards (IFRS)· Examination of the propriety of the business management in accordance with § 53 of the HGrG · Founding audits of limited liability companies · Restructuring and merger audits · Examinations in accordance with the broker and developer ordinance
· Voluntary year-end closing audit · Due diligence examinations for company and participatory acquisitions · Examination of business procedures and internal controlling systems (ICS) · Examination of the risk management and monitoring system · Examination of the propriety of settlement prices, cost allocations and und license fee billing · Prospectus examinations · Examination of business start-up concepts · Examination of business plans · Examination of restructuring concepts
· Examination and feasibility study of the conversion plan · Asset acquisition and valuation · Employee training for the conversion and subsequent operational phase · Adaptation of the organizational structure, structuring the partial budgets · Foundation of a cost/activity accounting · Budget planning · Budgeting departments and products · Strategic consultation for the opening balance and subsequent budget management · Preparation of the first double entry year-end financial statement
Naturally, every module will be adjusted to meet your community’s or chamber’s specific needs.