Annual audit with ACCONSIS – modern, efficient and forward-thinking
An annual audit is far more than a legal obligation: Accurate, certified audit reports are essential tools for transparency and corporate sustainability. They foster trust—not only with banks, shareholders, and investors, but also within your own organization.
Whether your company is facing its first mandatory audit, seeking a new auditor, or proactively choosing a voluntary audit, ACCONSIS provides expert, personalized support for medium-sized businesses. Our experienced auditors and highly qualified teams combine a risk-based approach with the latest digital audit methods and a thorough understanding of each client’s business model.
Our audit teams bring extensive experience with annual financial statement audits under the German Commercial Code (HGB) and are highly skilled in applying international accounting standards. This gives clients the benefits of a large firm’s knowledge—paired with the flexibility, competitive pricing, and efficiency of a mid-sized audit partner.
Interested in a free, no-obligation initial consultation about your annual audit requirements?
When is an annual audit mandatory?
In Germany, the Commercial Code (HGB) mandates an annual audit for companies surpassing specific thresholds. Medium-sized and large corporations (e.g., GmbH, AG, KGaA) that exceed at least two of the following criteria for two consecutive balance sheet dates must be audited:
Criteria for medium-sized corporations:
- More than 50 employees (average)
- Total assets above EUR 7.5 million
- Annual revenue above EUR 15 million
Criteria for large corporations:
- More than 250 employees (average)
- Total assets above EUR 25 million
- Annual revenue above EUR 50 million
Special cases
- Small and micro-corporations exceeding just one of these thresholds generally are not subject to audit.
- Partnerships (without limited liability partners, e.g., OHG, KG) and sole proprietorships are not typically audited, unless they exceed the much higher thresholds set by the Disclosure Act (PublG).
Voluntary annual audit
Many mid-sized businesses, start-ups, and fast-growing companies choose a voluntary audit, even when not legally required. Audited annual reports improve ratings with lenders, increase transparency for shareholders, and provide a reliable picture of the company’s financial health—ideal for financing, investor talks, or robust internal risk management.
Our annual audit approach: digital, targeted and collaborative
We go beyond regulation – acting as your trusted partner. Our audits are risk- and process-based, pragmatic, and always tailored to each client’s unique needs. Using advanced digital platforms, data analytics (like process mining), and AI-driven evaluations, we identify risks early and focus our efforts on what matters most—efficiently and effectively.
A professional and efficient annual audit with ACCONSIS means for you:
- Personal contact: A dedicated audit manager (certified public accountant) will guide you through every step – engaged, responsive, and solutions-oriented.
- Competent, interdisciplinary team: Our experienced audit teams bring deep experience and many years of auditing experience, particularly with complex group structures and international standards. When appropriate, they collaborate with specialists in commercial law, tax law or other technical areas.
- Tailored audit strategies: Every audit is designed to fit the specific needs. We tailor our approach to your processes, risks, and strategic priorities – ensuring our work is pragmatic, agile, and cost-effective.
- Added value from the annual audit: You gain in-depth insights and knowledge to optimise your internal processes, strengthen your internal control system and improve the quality of your reporting.
- Broad audit experience and industry knowledge: Our auditors are experienced in auditing in accordance with the German Commercial Code and international accounting standards such as IFRS, US GAAP and PCAOB, supplemented by extensive expertise in various industries.
We deliver pragmatic, modern audits tailored to your company’s size and specific requirements.
Annual audit for SMEs, by SME experts
If your business is newly subject to mandatory audits or considering a change of auditor, it’s natural to have questions and face challenges.
Our team supports you with seasoned expertise, clarity, and personal commitment—making transitions smooth and simple.
Your ACCONSIS contact
Kerstin Weidenbach-Koschnike
Diplom-Kauffrau
German CPA, Tax Consultant
Managing Director of ACCONSIS
Service phone
+49 89 54 71 43
or via email
k.weidenbach-koschnike@acconsis.de
Frequently asked questions about annual audits
When is an annual audit mandatory?
A mandatory audit is required when two of three legal size criteria (balance sheet total, revenue, employees) are exceeded. Listed companies are always subject to audit.
What are the advantages of a voluntary audit?
A voluntary audit increases confidence among financial institutions, shareholders and investors, supports tax planning, and provides greater transparency for management decisions.
How does the audit process work?
After detailed planning, we examine your accounting, balance sheet, profit and loss statement, notes, and management report (if applicable). A preliminary audit may be performed during the financial year. Our digital processes ensure efficiency and rigorous documentation.
How much does an audit cost?
Fees are based on company size, industry, and complexity – never rigid pricing, always fair and transparent. We’re happy to provide a tailored quote.
When should I consider changing my auditor?
Switching auditors is wise if you seek more personalized advice, innovative auditing methods, or more competitive costs. ACCONSIS offers professional support for a seamless transition.