Credit Institutions

Audit and preparation services

As a credit institute, you can benefit from our comprehensive industry know-how, by entrusting PBK with the audit and preparation of annual and consolidated financial statements. Furthermore, we perform the audits of the securities services business and also carry out special audits in accordance with § 44 KWG.

ANNUAL AND CONSOLIDATED FINANCIAL STATEMENTS

PBK employees have many years of experience in auditing and preparation of annual and consolidated financial statements in accordance with local and international accounting rules, taking into account peculiarities of credit and financial services institutions. Our audits include both mandatory and voluntary auditing.

We perform audits of annual financial statements and, if necessary, annual reports for credit institutes of all types according to the legal and professional rules and with particular attention to special rules (e.g. the Ordinance Regulating the Accounting Requirements for Financial Institutions and Financial Services Institutions (RechKredV).

We audit consolidated financial statements according to the applicable accounting regulations and the International Financial Reporting Standards (IFRS). We also take part in the auditing of consolidated financial statements as component auditors of reporting packages, which are directed to the group auditor of the parent company. This can also be done on the basis of agreed investigation activities ("agreed-upon procedures").

During the preparation of annual and consolidated financial statements, the terms of engagement are freely negotiable. Our offer extends from the preparation of financial statements on the basis of submitted books, records and holdings to the complete takeover of the financial accounting and documentation. In connection with the initial preparation of consolidated financial statements in accordance with IFRS, we can also advise you on the "conversion".

For credit institutions that are assigned to the Compensation Scheme of German Banks (EdB), PBK does not perform the audit and preparation of annual and consolidated financial statements. In case of such banks, we are involved in the deposit protection audits of the Auditing Association of German Banks.

SECURITIES SERVICES BUSINESS AND CUSTODYBUSINESS

PBK offers credit institutions to perform audits according to § 36 WpHG of Securities Trading Business.

SPECIAL AUDITS

As far as we are instructed by the BaFin, we carry out special audits according to § 44 KWG. In most cases, however, we provide institutions, in which a special audit is performed pursuant to § 44 KWG, with consultancy services. We also offer workshops to be prepared on a spcial audit according to § 44 KWG.

Questions regarding our audit and preparation services?

If you want further information on audit and preparation services for credit institutions, please contact Mr. WP Martin Glutsch or Mr. WP StB Werner Weißenberger.


 

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PBK auditing and consulting company for the Banking mbH
Auditing company

Kattenbug 1
50667 Köln
Fon +49 221 91 26 96 - 529
Fax +49 221 91 26 96 - 571