Auditor and Accounting Principles
The 2014 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 2014 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, 2014 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.
At the beginning of fiscal year 2015, there has been a change in the internal audit team of the accounting firm BDO AG Wirtschaftsprüfungsgesellschaft, Hamburg. For the first time, Mr. Ralf Pfeiffer (accountant and authorized representative of BDO) and Kai Niclas Rauscher (accountant and Board member of BDO) are now responsible for the audit of Software AG. Since 2008, Ms. Silvia Satori and Mr. Roland Schulz (both also BDO) were responsible for audit activities at Software AG.