Auditor and Accounting Principles
The 2015 Annual Shareholders’ Meeting again appointed BDO Wirtschaftsprüfungsgesellschaft, Hamburg (hereinafter referred to as BDO), as Company auditor. BDO also 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. The Audit Committee had no doubt as to BDO's independence before it commissioned the firm.
BDO Wirtschaftsprüfungsgesellschaft AG has served as Software AG‘s auditor since 1997. The audit of the 2015 annual and consolidated financial statements was handled for the first time by Kai-Niclas Rauscher und Ralf Pfeiffer due to a scheduled internal change at BDO.
To get more information on the complete 2015 independent auditor's report and opinion, please click here.
Software AG’s consolidated financial statements are prepared in accordance with the International Accounting Standards Board (IASB), International Financial Reporting Standards (IFRS), as applicable in the European Union (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, 2015 were observed, as were the interpretations of the International Financial ReportingInterpretations Committee (IFRIC—formerly SIC).
To get more information on our accounting principles applied, please click here.