Welcome to TIPAL
TIPAL offers comprehensive knowledge in the areas of Auditing and Audit-related services with an international background. Through our audits and the corresponding reporting, we make a significant contribution to ensuring that your financial information is classified as reliable.
Conducting Statutory Audits of Financial Statements requires a sound qualification, which enables us to offer you other Audit-related services, such as Business Valuations, Financial Due Diligence or IFRS Conversions.
We offer you a personal Audit and Consulting service in which you always have a dedicated contact person at your side.
TIPAL provides the classic audit services in accordance with §§ 316 ff. HGB. In addition to auditing annual and consolidated financial statements, our range of services also includes reviews of financial statements or financial information if a full audit of the financial statements is not required.
In addition, we offer special audits in accordance with the German Stock Corporation Act (AktG), Energy Industry Act (EnFG), Combined Heat and Power Act (KWKG), and the German Law on Corporate Governance in state-owned entities (HGrG). We also provide expert opinions, for example on insolvency law issues or for litigants in court.
However, we know our limits: For this reason, we do not audit financial services and credit institutions pursuant to Section 1 KWG or so-called public interest entities pursuant to Section 316a HGB.
The preparation of financial statements according to the International Financial Reporting Standards (IFRS) is mandatory for certain listed companies, but can also be an interesting option for other companies (e.g. startups) in order to raise capital more easily from international investors.
Complex issues can arise from this in the course of preparing the annual or consolidated financial statements.
TIPAL has extensive experience in the field of IFRS and supports you in introducing them as part of the tried and tested two-phase model:
Your company has grown faster than its structures? We can provide you with an analysis of the current situation in all matters relating to accounting and financing. On this basis, we propose concrete solutions that are based on your individual corporate goals and support you in achieving them.
“Where are the four files for the 2023 annual audit at client XYZ and where is the permanent file…?”
Not with us. Our auditing processes are fully digitalized. The management of working papers and the preparation of our audit reports and expert opinions are virtually paperless with the help of our CaseWare audit software.
All we need for our work is a notebook, a scanner for digitizing, a tablet with a pencil for taking notes and a chip card reader with a signature card.
We exchange data with our clients using Tresorit software, a Swiss Content Collaboration Platform (CCP) with end-to-end encryption and zero-knowledge protection, which protects confidential information in accordance with the highest security standards.
You will receive all audit reports and other written statements from us with a qualified electronic signature, which replaces the legally required written form in accordance with Section 126a of the German Civil Code (BGB). This enables us to respond more quickly to your inquiries and simplifies the handling of these documents in your company compared to handwritten signed copies.
Of course, we can also provide all relevant documents in paper form on request.
We have extensive experience in performing cross-border auditing and consulting projects. This includes several years of work abroad by our Managing Director as well as our work as Chartered Auditor in charge for internationally active Groups. In this context, we have advised clients in Brazil, the USA, Mexico, Poland, the Czech Republic, Denmark, Japan and China, among others.
We attach great importance to keeping our project teams as unchanged as possible over time. This allows you to benefit from the experience of our team members, and our teams can start directly with their work without any major training.
It is also important to us that you receive a prompt response to any questions you may have. To ensure this, the responsible auditor is directly involved in the audit and can therefore help to resolve any questions in an uncomplicated manner.
This sets us apart from larger competitors, whose audit teams are often characterized by high fluctuation and where decisions often take longer than is justifiable from the Client’s point of view.
We support you in presenting your financial information in a timely and legally compliant manner. This benefits not only you, but also your stakeholders – be they banks, other creditors, shareholders or potential investors.
Every auditor who carries out a statutory audit must undergo a regular external quality control, known as Peer Review. The legal basis for this is set out in Sections 57a et seq. of the German Auditors’ Code (WPO) and in the quality control statutes of the Chamber of Public Accountants. These regulations define the requirements for participation in external quality control.
Our Quality Assurance systems are regularly reviewed by internal and external audits. TIPAL GmbH Wirtschaftsprüfungsgesellschaft has successfully passed these quality controls and is registered as a Statutory Auditor (gesetzlicher Abschlussprüfer) in the professional register of the Chamber of Public Accountants in accordance with Section 38 No. 2 f) WPO. This authorizes us to carry out statutory audits.
We have more than 30 years of experience in auditing financial statements and dealing with all related issues.
For larger and/or more complex projects, we use a network of highly qualified freelancers in order to be able to comprehensively fulfill your requirements for such projects as well.
Basically, as an Auditing firm, we are subject to the obligation of confidentiality and, precisely for that reason and in your interest, we do not put any names of clients or specific projects on the internet. Nevertheless, we have numerous client reference releases. We will gladly send you these on request.
Our references include projects of the following kind:
„Nowhere do you get so much knowledge for your money as with the auditor.“ – this was once expressed by an employee of a DAX 40 company
Very few people enjoy being audited, which is why we attach great importance to structuring our audits in the best possible way. Clear and direct communication, transparency and language are important success factors here.
We are aware that we offer a standardized product, particularly in the area of annual audits, which is naturally subject to price competition. However, please bear in mind that the provision of auditing and related consulting services also requires comprehensive qualifications. Our specialist employees are all graduates of universities and universities of applied sciences, some of whom have also passed the tax consultant (Steuerberater) or chartered auditor (Wirtschaftsprüfer) exams and therefore have comprehensive knowledge in their specialist areas.
Our qualifications help to ensure that the documents and information we check are trustworthy. And we can provide you with comprehensive and qualified advice on accounting, balance sheet and other business matters beyond the scope of an audit.
As auditors, we not only have a responsibility to our Clients, but also to their investors, banks, suppliers, customers and other stakeholders. This is why transparency, integrity and independence are particularly important in our work in this area.
We also offer you transparency in terms of fees and charge hourly or daily rates depending on our qualifications, from which the fee is calculated on the basis of the time spent. In addition, travel costs and expenses as well as the statutory VAT will be invoiced.
We will be happy to provide you with a cost estimate for the auditing and consulting services you require, depending on the complexity of the task and the time required.
As a Chartered Accountant and Tax Consultant, I worked for a Big Four auditing firm for twelve years, and then as a Partner in medium-sized Professional Firms for 13 years.
In addition to my work as a Chartered Accountant, I have extensive international experience and in the course of numerous projects I also had responsibility “at the other end of the table”, e.g. as Interim CFO.
I value these diverse challenges in my work.
And these challenges inspired me to found a professional firm with TIPAL that stands for the professional duties that define an auditing company: Independence, Conscientiousness, Confidentiality and Personal Responsibility.
My team and I look forward to addressing your concerns with our know-how and personal commitment.
