The accounting of capital market-oriented companies in Germany is scrutinised not only by supervisory boards and auditors, but also by the German Federal Financial Supervisory Authority (BaFin). This enforcement process exposes capital market-oriented companies to additional accounting challenges.

KPMG has bundled the relevant expertise and practical experience in the area of enforcement advice in order to provide you with constructive and forward-looking support during audits in the context of accounting enforcement.

How important is Enforcement Advice for your company?

An error finding by BaFin and the associated consequences on the capital market are challenging for the companies concerned. The aim of our "Enforcement Advice" service is therefore to avoid an error finding.

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Our range of services

With the expertise of our specialists, their networks and our extensive enforcement databases, we can provide you with high-quality results in the shortest possible time. We look for customised and sustainable solutions for your case that will give you the support and security you need for your next BaFin audit.

We offer consulting services to support you in the context of an audit of your accounting by BaFin.

Our core services include

Preparation for enforcement proceedings
- Topic analysis: Identification of the topics that are most likely to be taken up by BaFin, including the creation of lists of requirements that are likely to be requested in a BaFin procedure
- Gap analysis: Review of the documentation submitted on the basis of the requirements lists to identify gaps and discussion of the findings in a workshop
- BaFin readiness: Support in closing the gaps identified as part of the gap analysis
Process support
- Analysing BaFin questionnaires and supporting the development of a response strategy by providing advice and recommendations
- Support in the preparation of response letters through suggestions, notes and recommendations based on the response strategy
- Review of the draft answers
- Conducting a final review session (editorial meeting) for the response letters
Pre-Issuance Review
- Review of financial statements and/or management report during preparation, including notes and recommendations, in order to prevent possible points of attack by BaFin in capital market communication as far as possible