The „Berufsaufsichtsreformgesetz“ (professional oversight reform act)  - the law strengthening professional oversight and reforming vocational law regarding professional procedures in auditing – has caused numerous changes, one of which is the insert of Sec. 55 c WPO (CPA regulation / Public Accountant Act), the institution of  so-called transparency reports. 

Accordingly CPAs and auditing firms implementing one financial audit of an enterprise of public concern per year (Sec. 319a para. 1 sentence 1 HGB (German Commercial Code)) are obligated to publicise a transparency report annually on their website, at the latest three months after the end of the calendar year. Certain explanations / comments regarding legal structure, property relations and internal organisations of the auditing firm are to be incorporated in the transparency report.

As annual auditor of capital market oriented enterprises MDS MÖHRLE GmbH Wirtschaftsprüfungsgesellschaft (auditing company) is happy to meet this obligation and gives the following transparency report. It documents our requirements of the annual audits performed by us and clarifies that we adjust our occupation and our organisation at all times to the increased demands of the profession.

 

Download of the transparency report 2009 (German)