The revised version of the International Standard on Auditing (ISA) 600, an important auditing standard for group audits, has been revised to increase clarity and uniformity and to define the duties of the group auditor more precisely. The main objective of this revision is to improve the quality of audits of consolidated financial statements. ...read more
Audits: More than Just Checking Items off a List
With accounting, transparency and risk management requirements constantly on the increase, audits become more than just a simple review and determination that your annual financial statements are in order. Management and the supervisory board need the right information to make their decisions, and accurate, meaningful figures are the basis for making sure your company is fit for the future.
Audits can also uncover risks in your own operations and the business environment. This means that your auditor is the perfect sounding board for your company. And he or she is someone who knows your company inside and out. So you and your auditor are right on the same wavelength. Your auditor and the audit team also know your industry and can assist your company on an ongoing basis.
The good news is that RSM Ebner Stolz auditors are able to see the big picture and thus review your company from top to bottom and provide you with a comprehensive overview. Many of us at Ebner Stolz are both auditors and tax advisors. The specialists in our competence centers can give you answers to your toughest questions. They will provide you with understandable solutions to all your concerns.