Auditor and Accounting Principles
The 2013 Annual Shareholders’ Meeting appointed BDO AG, Wirtschaftsprüfungsgesellschaft, Hamburg, as company auditor. BDO advises the company on individual tax matters in connection with tax returns and tax audits. No business, financial, personal, or other relationships that could cast doubt on the independence of the audit firm have existed at any time between BDO, its corporate bodies, or audit managers and Software AG or the members of its corporate bodies.
Pursuant to the Annual Shareholders’ Meeting resolution, the Supervisory Board, represented by the chairman of the Audit Committee, appointed the auditor and agreed on the fee. In connection with the awarding of the contract, the chairman of the Audit Committee has also agreed with the auditor to comply with the reporting duties pursuant to the German Corporate Governance Code. BDO participates in meetings of the Supervisory Board’s Audit Committee concerning the financial statements and consolidated financial statements and reports on key audit findings.
To get more information on the complete 2013 independent auditor's report and opinion, please click here.
Software AG‘s consolidated financial statements are prepared in accordance with International Financial Reporting Standards (IFRS) as promulgated by the International Accounting Standards Board (IASB) and as applicable in the EU and in accordance with the additional provisions required under German commercial law as set forth in Section 315a (1) of the German Commercial Code (HGB). The IFRSs applicable as of December 31, 2013 were observed, as were the interpretations of the International Financial Reporting Interpretations Committee (IFRIC — formerly SIC).
To get more information on our accounting principles applied, please click here.