Menu
  • Locations
  • Services
  • Services
  • Experts
  • Hot Topics
  • News & Knowledge
  • career
  • About us
  • Search
  • Press
  • Events & Webinars
  • Contact
  • Language
  • Berlin
  • Cologne
  • Dusseldorf
  • Frankfurt
  • Hamburg
  • Hannover
  • Kolbermoor
  • Leipzig
  • Munich
  • Nuremberg
  • Regensburg
  • Rosenheim
  • Stuttgart
  • Tax
  • Digital
  • Financial Advisory
  • Industries
  • Legal
  • Centers of Excellence
  • Tax
  • Digital
  • Advisory
  • Industries
  • Legal
  • Tax & Digital
  • Advisory
  • News
  • Newsletter overview
  • Newsletter subscription
  • KI Study 2024
  • Values and Vision
  • Our Management Team
  • Our Partners
  • Our History
  • Our locations
  • Corporate Responsibilty
  • Tax Service Overview
  • Digital Tax CMS
  • Corporate Tax
  • Customs
  • Financial Services Tax
  • GreenTax & Energy
  • HR Taxes
  • Indirect Tax / VAT
  • International Tax & Permanent Establishments (ITP)
  • International Tax Desks
  • Mergers & Acquisitions Tax
  • Private Clients
  • Tax Controversy / Tax Disputes
  • Transfer Pricing
  • Digital Trends
  • Digital Partnering
  • Digital tools and solutions
  • End-to-end processes
  • AI in tax
  • SAP S/4HANA
  • International Corporate Income Tax rates (CIT rates)
  • Case Studies
  • Reporting & Regulatory
  • Digital Finance
  • Deal Advisory
  • Overview of all industries services
  • Banking/ Capital Markets
  • Insurance
  • oneSTART
  • Real Estate
  • SMEs
  • Overview of all legal services
  • Civil & Commercial Law
  • Climate Regulation & Energy Law
  • Corporate Law
  • Data Privacy & IT Law
  • Employment Law
  • Global Expatriate Service
  • Legal Operate
  • Litigation
  • Restructuring & Performance Management
  • Sustainability Services (ESG)
  • AI in tax
  • plAIground
  • Pillar Two
  • Sustainability Services
  • US tax & customs policy
  • E-Invoicing | ViDA
  • Country by Country Reporting (CbCR)
  • ESG Solutions
  • SAP S/4HANA
  • Business Planning
  • Refinancing & Distressed Situations
  • IPO Readiness
  • Advanced Analytics
  • Carve out
  • Partners Munich
  • Partners Berlin
  • Partners Dusseldorf
  • Partners Frankfurt
  • Partners Hamburg
  • Partners Hannover
  • Partners Cologne
  • Partners Kolbermoor
  • Partners Nuremberg
  • Partners Regensburg
  • Partners Rosenheim
  • Partners Stuttgart
  • Overview of all locations
  • Location Berlin
  • Location Cologne
  • Location Dusseldorf
  • Location Frankfurt
  • Location Hamburg
  • Location Hannover
  • Location Kolbermoor
  • Location Leipzig
  • Location Nuremberg
  • Location Regensburg
  • Location Rosenheim
  • Location Stuttgart
  • Environment
  • Society Engagement
  • Diversity
  • Kulturelles Engagement
  • HR Taxes Overview
  • Integrated Legal and Tax Advice
  • International Payroll and Shadow Payroll
  • International Assignments/ Global Mobility
  • International Employee Assignments & Project Business
  • Wage Tax
  • National payroll and travel expense accounting
  • Social Security Law & Labour Law
  • Work from Anywhere
  • HR Consulting
  • DAC 7
  • Compliance Manager
  • Comply (by Taxback International)
  • plAIground
  • VAT Health Check
  • CbCR Risk Analyser
  • WTS CbCR-2-XML
  • TPmanager
  • WTS CbCRmanager
  • Tax CMS
  • Cesop
  • GewSTmanager
  • Digital Process Automation
  • end-to-end income tax process
  • end-to-end VAT processes
  • end-to-end customs
  • end-to-end transfer pricing
  • property tax services
  • Energy management processes and systems
  • GRI 207: Tax 2019
  • digital tax CMS
  • Case Study Hartmann Gruppe
  • Case Study WTS TPcompiler
  • Case Study Calculation of transfer prices
  • Case Study CbCR Table I
  • Accounting & Reporting
  • Capital Markets
  • ESG Solutions
  • Carve out / PMI
  • Governance, Risk & Compliance
  • Business Partnering
  • Financial Services
  • Treasury
  • Concepts & Systems
  • SAP S/4HANA transformation
  • Optimization
  • Advanced Analytics
  • Performance
  • Program Management
  • Finance Transformation
  • Artificial Intelligence (AI)
  • Technology partner
  • M&A Strategy
  • Due Diligence
  • Fact Book
  • Valuation
  • Restructuring
  • Debt Advisory
  • Modeling Solutions
  • NOW@WTS
  • Press
  • Events & Webinars
  • Contact
English
German
  • English
  • German
WTS worldwide
  • WTS Global
  • Albania
  • Algeria
  • Angola
  • Argentina
  • Armenia
  • Australia
  • Austria
  • Bangladesh
  • Belgium
  • Benin
  • Bolivia
  • Bosnia & Herzegovina
  • Botswana
  • Brazil
  • Bulgaria
  • Burkina Faso
  • Burundi
  • Cambodia
  • Cameroon
  • Canada
  • Cape Verde
  • Central African Republic
  • Chad
  • Chile
  • China
  • Colombia
  • Congo Brazzaville
  • Costa Rica
  • Croatia
  • Cyprus
  • Czech Republic
  • Democratic Republic of Congo
  • Denmark
  • Dominican Republic
  • Ecuador
  • Egypt
  • El Salvador
  • Equatorial Guinea
  • Estonia
  • Eswatini
  • Ethiopia
  • Finland
  • France
  • Gabon
  • Gambia
  • Georgia
  • Germany
  • Ghana
  • Gibraltar
  • Greece
  • Guatemala
  • Guinea
  • Guinea-Bissau
  • Honduras
  • Hong Kong
  • Hungary
  • Iceland
  • India
  • Indonesia
  • Iran
  • Iraq
  • Ireland
  • Israel
  • Italy
  • Ivory Coast
  • Japan
  • Kazakhstan
  • Kenya
  • Korea
  • Kyrgyzstan
  • Laos
  • Latvia
  • Liberia
  • Libya
  • Lithuania
  • Luxembourg
  • Macao
  • Madagascar
  • Malawi
  • Malaysia
  • Mali
  • Malta
  • Mauritania
  • Mauritius
  • Mexico
  • Moldova
  • Mongolia
  • Montenegro
  • Morocco
  • Mozambique
  • Myanmar
  • Namibia
  • Nepal
  • Netherlands
  • New Zealand
  • Niger
  • Nigeria
  • North Macedonia
  • Norway
  • Pakistan
  • Panama
  • Paraguay
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Puerto Rico
  • Romania
  • Rwanda
  • São Tomé and Príncipe
  • Saudi Arabia
  • Senegal
  • Serbia
  • Sierra Leone
  • Singapore
  • Slovakia
  • Slovenia
  • Somalia
  • South Africa
  • South Sudan
  • Spain
  • Sri Lanka
  • Sudan
  • Sweden
  • Switzerland
  • Taiwan
  • Tanzania
  • Thailand
  • Togo
  • Trinidad and Tobago
  • Tunisia
  • Turkey
  • Turkmenistan
  • Uganda
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • Uruguay
  • USA
  • Uzbekistan
  • Venezuela
  • Vietnam
  • Zambia
  • Zimbabwe
  • Services Clothing
    • Tax
      • Tax Service Overview
      • Digital Tax CMS
      • Corporate Tax
      • Customs
      • Financial Services Tax
      • GreenTax & Energy
      • HR Taxes
        • HR Taxes Overview
        • Integrated Legal and Tax Advice
        • International Payroll and Shadow Payroll
        • International Assignments/ Global Mobility
        • International Employee Assignments & Project Business
        • Wage Tax
        • National payroll and travel expense accounting
        • Social Security Law & Labour Law
        • Work from Anywhere
        • HR Consulting
      • Indirect Tax / VAT
        • DAC 7
      • International Tax & Permanent Establishments (ITP)
      • International Tax Desks
      • Mergers & Acquisitions Tax
      • Private Clients
      • Tax Controversy / Tax Disputes
      • Transfer Pricing
    • Digital
      • Digital Trends
      • Digital Partnering
      • Digital tools and solutions
        • Compliance Manager
        • Comply (by Taxback International)
        • plAIground
        • VAT Health Check
        • CbCR Risk Analyser
        • WTS CbCR-2-XML
        • TPmanager
        • WTS CbCRmanager
        • Tax CMS
        • Cesop
        • GewSTmanager
        • Digital Process Automation
      • End-to-end processes
        • end-to-end income tax process
        • end-to-end VAT processes
        • end-to-end customs
        • end-to-end transfer pricing
        • property tax services
        • Energy management processes and systems
        • GRI 207: Tax 2019
        • digital tax CMS
      • AI in tax
      • SAP S/4HANA
      • International Corporate Income Tax rates (CIT rates)
      • Case Studies
        • Case Study Hartmann Gruppe
        • Case Study WTS TPcompiler
        • Case Study Calculation of transfer prices
        • Case Study CbCR Table I
    • Financial Advisory
      • Reporting & Regulatory
        • Accounting & Reporting
        • Capital Markets
        • ESG Solutions
        • Carve out / PMI
        • Governance, Risk & Compliance
        • Business Partnering
        • Financial Services
        • Treasury
      • Digital Finance
        • Concepts & Systems
        • SAP S/4HANA transformation
        • Optimization
        • Advanced Analytics
        • Performance
        • Program Management
        • Finance Transformation
        • Artificial Intelligence (AI)
        • Technology partner
      • Deal Advisory
        • M&A Strategy
        • Due Diligence
        • Fact Book
        • Valuation
        • Restructuring
        • Debt Advisory
        • Modeling Solutions
    • Industries
      • Overview of all industries services
      • Banking/ Capital Markets
      • Insurance
      • oneSTART
      • Real Estate
      • SMEs
    • Legal
      • Overview of all legal services
      • Civil & Commercial Law
      • Climate Regulation & Energy Law
      • Corporate Law
      • Data Privacy & IT Law
      • Employment Law
      • Global Expatriate Service
      • Legal Operate
      • Litigation
    • Centers of Excellence
      • Restructuring & Performance Management
      • Sustainability Services (ESG)
    Services

    Learn more about our comprehensive services in the area of tax as well as relevant legal advice and financial advisory services.

    ESG

    Our sustainability services at a glance

  • Services Clothing
    • Tax
    • Digital
    • Advisory
    • Industries
    • Legal
  • Experts
  • Hot Topics Clothing
    • Tax & Digital
      • AI in tax
      • plAIground
      • Pillar Two
      • Sustainability Services
      • US tax & customs policy
      • E-Invoicing | ViDA
      • Country by Country Reporting (CbCR)
    • Advisory
      • ESG Solutions
      • SAP S/4HANA
      • Business Planning
      • Refinancing & Distressed Situations
      • IPO Readiness
      • Advanced Analytics
      • Carve out
    Hot Topics

    Overview of current tax, digital & advisory hot topics

    Ready for the game?
  • News & Knowledge Clothing
    • News
    • Newsletter overview
    • Newsletter subscription
    • KI Study 2024
    News & Knowledge

    Here you will find the latest news and specials on all aspects of taxation, digitization and financial & deal advisory.

  • career
  • About us Clothing
    • Values and Vision
    • Our Management Team
    • Our Partners
      • Partners Munich
      • Partners Berlin
      • Partners Dusseldorf
      • Partners Frankfurt
      • Partners Hamburg
      • Partners Hannover
      • Partners Cologne
      • Partners Kolbermoor
      • Partners Nuremberg
      • Partners Regensburg
      • Partners Rosenheim
      • Partners Stuttgart
    • Our History
    • Our locations
      • Overview of all locations
      • Location Berlin
      • Location Cologne
      • Location Dusseldorf
      • Location Frankfurt
      • Location Hamburg
      • Location Hannover
      • Location Kolbermoor
      • Location Leipzig
      • Location Nuremberg
      • Location Regensburg
      • Location Rosenheim
      • Location Stuttgart
    • Corporate Responsibilty
      • Environment
      • Society Engagement
      • Diversity
        • NOW@WTS
      • Kulturelles Engagement
    About us

    WTS at a glance: What makes us special and more information about WTS

    Interested in our art tours in Munich's Werksviertel? 

  • Search
Financial Statements Support and Audit Assistance
Home Services Financial Advisory Reporting & Regulatory Accounting & Reporting Financial Statements Support and Audit Assistance
Contact us!

Financial Statements Support and Audit Assistance

The necessary preparatory work and the preparation of financial statements themselves often represent a great burden for companies. These can be very time-consuming and resource-intensive due to comprehensive regulatory requirements. The preparation process must be designed effectively and actively controlled from the outset to avoid bottlenecks. The financial statements of medium-sized and large companies, as well as those of capital-market-oriented companies, must also be audited by a statutory auditor. The audit process is accompanied by a number of additional challenges in terms of capacity and content.

Support in the Preparation of Financial Statements

In addition to the annual financial statements under commercial law, it is often necessary to prepare financial statements or a reporting package in accordance with the International Financial Reporting Standards (IFRS). The first challenges to be mentioned are the differences between commercial law regulations (German Commercial Code (HGB)) and IFRS. In addition, the differences between the regulations under the German Commercial Code and IFRS and country-specific tax regulations play a key role in determining deferred taxes. New questions constantly arise due to the continuous change and ongoing development of standards. The interpretation of accounting options, whether under tax or commercial law or under IFRS, often opens up advantageous possibilities for balance sheet preparers. In order for these options to be interpreted and applied in the interests of the company, their effects must be carefully analyzed and weighed in advance.

Support during Audit of Financial Statements

The audit process is also challenging due to various possible areas of conflict with the engaged auditor. A frequent problem is the high workload of your employees, who not only have their day-to-day tasks, but must also deal with questions from auditors. Answering technical questions also often requires in-depth specialist knowledge and can be very time-consuming.

WTS Advisory as a Partner for the Preparation of Financial Statements and Audits

Our many years of experience in accounting let us support our clients in preparing and drawing up financial statements and all documents relevant to an audit. We also help design the preparation process effectively. Should it be necessary to bridge accounting bottlenecks, it is also possible to draw on support from the WTS Advisory & WTS network. We will also support you during the audit and ensure that all questions posed by the statutory auditor are answered satisfactorily and that the audit runs smoothly. Our experts are usually former auditors from large auditing firms. They have extensive insight into the auditing firms, processes and tools. Furthermore, our consultants have already assisted a large number of companies in the preparation of financial statements and the audit of them.

If you are interested or have any questions, please contact us.

 

Request
Contact
Please do not hesitate to contact the WTS Advisory team if you are interested or have any questions.
Get in touch

Contact us today

Do you have any questions about our services or WTS? Please let us know. Please fill in our short contact form. We will get in touch with you as soon as possible.

Contact
Services
  • Tax
  • Digital
  • Financial Advisory
  • Industries
  • Legal
  • Centers of Excellence
Hot Topics
  • AI in tax
  • plAIground
  • Pillar Two
  • Sustainability Services
  • E-Invoicing | ViDA
News & Knowledge
  • Newsletter overview
  • Newsletter subscription
Experts
  • About us
  • Values and Vision
  • Our Partners
  • Corporate Responsibilty
© 2025 WTS Imprint Company Information Disclaimer Data Protection Statement GTCs supplier information