The basic precondition for whether an auditor or firm of auditors can conduct legal audits of financial statements at all is provided by conducting regular external quality controls, also called a “peer review”. On accepting an assignment at the latest, it must be proven that the auditor has gone through these checks. This is done by submitting a current certificate of attendance. This will be issued by an independent audit, if the audited quality assurance system is appropriate and effective.
Our experienced and specially trained quality-control auditors have regularly and expertly conducted external quality controls for professional colleagues for many years. One reason for our expertise in this area is definitely that since the introduction of external quality controls in 2001 it has been regularly confirmed that we meet the legal requirements in full.