{"id":40060,"date":"2025-07-13T17:48:28","date_gmt":"2025-07-13T15:48:28","guid":{"rendered":"https:\/\/krwpg.de\/2025\/07\/13\/when-the-auditor-warns-the-role-of-the-audit-in-a-corporate-crisis\/"},"modified":"2025-08-14T18:23:32","modified_gmt":"2025-08-14T16:23:32","slug":"when-the-auditor-warns-the-role-of-the-audit-in-a-corporate-crisis","status":"publish","type":"post","link":"https:\/\/krwpg.de\/en\/2025\/07\/13\/when-the-auditor-warns-the-role-of-the-audit-in-a-corporate-crisis\/","title":{"rendered":"When the auditor warns: The role of the audit in a corporate crisis"},"content":{"rendered":"\n
<\/div>

Reinhardt \u2013 Wirtschaftspr\u00fcfung | Steuerberatung<\/p>

Final audit in times of crisis – more than just a compulsory task<\/h2>\n\n\n\n

In the current economic situation, the auditor has a central role to play – not only as a controller, but also as an important interlocutor in the assessment of the company’s ability to continue as a going concern. If the auditor identifies material uncertainties in the course of their work, they must document these and inform the legal representatives accordingly. <\/p>\n\n\n\n

What are the auditor’s requirements?<\/h2>\n\n\n\n

The auditor assesses whether the going concern assumption is appropriate. If there are events or circumstances that cast doubt on this – for example, expiring credit lines, impending breaches of covenants or unrealistic planning – the auditor must request additional evidence. If this is not provided, this can lead to a modified audit opinion or even its refusal. <\/p>\n\n\n\n

What happens in restructuring situations?<\/h2>\n\n\n\n

In restructuring cases – particularly in the event of imminent insolvency – the auditor examines whether the measures to ensure the company’s ability to continue as a going concern are realistic and comprehensible. The legal representatives must specifically explain how they intend to eliminate existing uncertainties. Otherwise, a material uncertainty must be disclosed in the audit report – with potential consequences for the confidence of banks, creditors and investors. <\/p>\n\n\n\n

Important: Notes are also required when creating instead of checking<\/h2>\n\n\n\n

Even in the case of a pure preparation engagement, the auditor is obliged to point out recognizable risks. If there are objective doubts about the continuation, no certificate may be issued – and in extreme cases, the engagement must be terminated. <\/p>\n\n\n\n

Why we are the right contact<\/h2>\n\n\n\n

We have been supporting numerous medium-sized companies for 25 years – and know which measures are required both in successful phases and in times of crisis.<\/p>\n\n\n\n

As a tax consultancy and auditing company, we contribute our expertise from both perspectives and support you with a holistic view of your company.<\/p>\n\n\n\n

The use of modern technologies enables us to work with you digitally and in a solution-oriented manner – efficiently, flexibly and even across physical distances. At the same time, we are happy to provide you with personal advice at our Leipzig office. <\/p>\n\n\n\n

<\/div>