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Motif

Financial Institutions & Financial Service Providers

BaFin and the Bundesbank place special demands on the auditors of financial and credit institutions, financial intermediaries and financial service providers. WSB's qualified team of auditors, with its many years of experience, is a strong partner at your side when it comes to fulfilling your extended statutory auditing obligations. We audit your balance sheet - you gain the trust of investors, banks, shareholders and other financiers and stakeholders.

Our services at a glance:

Annual audit

We audit the annual financial statements of credit institutions subject to mandatory audits. The basis for our audit are §26 and §29 KWG as well as all other special regulations (in particular GwG, MaRisk, InstitutsVergV, HGB, RechKredV, etc.). Of particular importance here are the organizational duties pursuant to Section 25a of the KWG, the minimum requirements for risk management. In addition, compliance with the Money Laundering Act plays a major role.

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Securities Trading Review

For financial service providers covered by the German Securities Trading Act (Wertpapierhandelsgesetz), we conduct the audit in accordance with § 89 WpHG. We take into account the reporting requirements according to §36 WpHG and §9 WpHG as well as the rules of conduct according to §31 ff WpHG. The main focus of the audit is the compliance with WpHG, MaComp, WpDVerOV, VermAnlG, regulations and notices of the financial supervisory authority, etc. In addition, capital management companies that provide certain ancillary services are partially subject to the WpHG.

Examinations for financial investment intermediaries

We conduct annual and ad hoc audits of brokers of investment fund shares and closed-end investments. Our range of services includes audits in accordance with § 24 MaBV and FinVermV, as well as functional audits of sales companies.

Permission procedure

We support you with the initial application for a permit (in particular business model, business plan, capital requirements), the extension of your permit or the appointment of a (new) manager or the granting of individual power of attorney.

Outsourcing

We take over the following for you: compliance function (MaRisk and WpHG compliance), internal audit, fraud prevention (§ 25 KWG), money laundering officer, whistleblower system § 25a Paragraph 1 Sentence 6 No. 3 KWG.

Internal audit of banks

We help financial institutions to set up internal auditing - an important component of risk management. We advise you on how to meet the requirements of banking supervision and the legal framework. We are also happy to support you within the scope of internal auditing with the tasks: Credit auditing, money laundering prevention systems, securities compliance, internal investigations and embezzlement audits in accordance with IDW PS 210.

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