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Establishment of an auditing firm


The profession of auditor can also be practised in a professional company. Such a company requires state recognition as an auditing firm by the Chamber of Auditors. All European companies, companies under German law or companies under the law of another EU or EEA member state are permitted as legal forms. It should be noted that the majority of legal representatives and shareholders must be auditors or auditors licensed in another EU or EEA member state.

Process flow

Before applying for recognition as an auditing firm, it is recommended that you submit the draft of the articles of association to the Chamber of Auditors for review. The notarial deed, if necessary, can then be carried out. After that, you submit the application for recognition to the Chamber of Auditors and attach the required supporting documents. You can apply using the form available on the website of the Chamber of Public Accountants. As soon as the Chamber of Auditors has determined that all the requirements for recognition are met, it issues a certificate of good standing. After registration in the commercial or partnership register, the Chamber of Auditors recognises the company as an auditing firm by issuing a certificate of recognition.

Requirements

Details of the recognition procedure can be found in the information sheets, which can be found on the website of the Chamber of Public Accountants.

Which documents are required?

You will need the following documents:

  • A copy or a certified copy of the articles of association or memorandum of association.
  • Proof of the conclusion of sufficient professional indemnity insurance (provisional guarantee of cover from the professional indemnity insurer.
  • Proof of payment of the minimum capital. In the case of a cash incorporation, proof of payment of the minimum capital must be provided by presenting a bank confirmation in the original; it will be returned on request.
  • A declaration by each shareholder that he or she does not hold the shares in the auditing firm on behalf of a third party.
  • Employment contracts of the partners working in the company (sworn accountants, tax consultants, lawyers, tax representatives, etc.) who are not legal representatives.
    It is not necessary for auditors and EU auditors to submit an employment contract.

Certificates issued by foreign professional organisations on the approval or recognition of EU statutory auditors and EU audit firms.

What are the fees?

EUR 1,050

Processing duration

The processing time depends on the duration of the registration procedure in the commercial or partnership register. It is recommended to allow a total of two months.

Applications / forms

Forms for download can be found on the website of the Chamber of Public Accountants.

Technically approved by

Federal Ministry for Economic Affairs and Energy

Professionally released on

03.01.2018

Source: Serviceportal Niedersachsen (Portalverbund des Bundes und der Länder)