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Schleswig-Holstein

Foundation of an auditing company

Source: Zuständigkeitsfinder Schleswig-Holstein (Linie6PLus)

Service Description

The profession of chartered accountant can also be practiced in a professional company. Such a company requires state recognition as an auditing company by the Chamber of Public Accountants. 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 the legal representatives and shareholders must be certified public accountants, auditors or auditors licensed in another EU or EEA member state. If the company meets all the requirements for recognition as an auditing company, recognition as an auditing company is not possible and recognition as an auditing company must be applied for.


Process flow

Before you submit the application for recognition as an auditing company, it is recommended that you submit the draft articles of association to the Chamber of Public Accountants for review. Any necessary notarization can then be carried out. You then submit the application for recognition to the Chamber of Public Accountants and enclose the necessary evidence. You can use the form available on the website of the Chamber of Public Accountants for the application. As soon as the Chamber of Public Accountants has determined that all recognition requirements have been met, it will issue a certificate of non-objection. After entry in the commercial or partnership register, the Chamber of Public Accountants recognizes the company as an auditing firm by issuing a certificate of recognition.

Requirements

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

Which documents are required?

You will need the following documents:

  • A copy of the articles of association or partnership agreement.
  • Proof of adequate professional indemnity insurance (provisional cover note from the professional indemnity insurer).
  • Proof of payment of the minimum capital. In the case of a cash foundation, proof of payment of the minimum capital must be provided by submitting a bank confirmation or a bank statement. If an existing company is to be recognized as an auditing company, interim financial statements must be submitted. The documents must not be older than three months.
  • A declaration by each partner that they do not hold the shares in the auditing company for the account of a third party. This may be waived if the articles of association contain a corresponding prohibition.
  • Employment contracts of the partners working in the company who are neither sworn auditors nor certified public accountants (tax consultants, lawyers, tax agents, etc.) and who are not legal representatives.

Certificates from foreign professional organizations regarding the approval or recognition of EU/EEA auditors and EU/EEA audit firms.

What are the fees?

EUR 1,000

Processing duration

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

Legal basis
Applications / forms

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

Author
Forwarding service: Deep link to the original portal

The text was automatically translated based on the German content.

Technically approved by

Federal Ministry for Economic Affairs and Energy

Professionally released on

03.01.2018

Process flow

Before you submit the application for recognition as an auditing company, it is recommended that you submit the draft articles of association to the Chamber of Public Accountants for review. Any necessary notarization can then be carried out. You then submit the application for recognition to the Chamber of Public Accountants and enclose the necessary evidence. You can use the form available on the website of the Chamber of Public Accountants for the application. As soon as the Chamber of Public Accountants has determined that all recognition requirements have been met, it will issue a certificate of non-objection. After entry in the commercial or partnership register, the Chamber of Public Accountants recognizes the company as an auditing firm by issuing a certificate of recognition.

Requirements

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

Which documents are required?

You will need the following documents:

  • A copy of the articles of association or partnership agreement.
  • Proof of adequate professional indemnity insurance (provisional cover note from the professional indemnity insurer).
  • Proof of payment of the minimum capital. In the case of a cash foundation, proof of payment of the minimum capital must be provided by submitting a bank confirmation or a bank statement. If an existing company is to be recognized as an auditing company, interim financial statements must be submitted. The documents must not be older than three months.
  • A declaration by each partner that they do not hold the shares in the auditing company for the account of a third party. This may be waived if the articles of association contain a corresponding prohibition.
  • Employment contracts of the partners working in the company who are neither sworn auditors nor certified public accountants (tax consultants, lawyers, tax agents, etc.) and who are not legal representatives.

Certificates from foreign professional organizations regarding the approval or recognition of EU/EEA auditors and EU/EEA audit firms.

What are the fees?

EUR 1,000

Processing duration

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

Legal basis

Applications / forms

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

Author

Forwarding service: Deep link to the original portal

The text was automatically translated based on the German content.

Technically approved by

Federal Ministry for Economic Affairs and Energy

Professionally released on

03.01.2018

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