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Auditor Landscape Germany

Audit Services provide independent and objective evaluation of an organization's financial statements or compliance efforts

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    Auditor Landscape Germany Suppliers


    Auditor Landscape Germany Supplier

    Find the right-fit auditor landscape germany supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    ACCENTURE PUBLIC LIMITED COMPANY
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    6
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    58

    100
    Robust (1)
    ESG Perfomance (/100)
    Environment
    90
    Social
    42
    Governance
    67
    6 Domains Performance (/100)
    Business behaviour
    58
    Human rights
    55
    Community Environment
    54
    Corporate governance
    72
    Human resources
    29
    Security Scorecard
    97

    Threat indicators
    A
    95
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    A
    100
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    A
    98
    Application Security
    Detecting common website application vulnerbilities
    A
    94
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    A
    99
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    100
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    accenture.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    9
    Human Rights Issues
    0
    Production Supply Chain Issues
    3
    Environmental Non Compliance Flags
    12
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    5
    Fraud Issues
    2
    Labor Health Safety Flags
    6
    Regulatory Issues
    3
    Workforce Disputes
    1
    Sanctions
    0
    esg energy transition
    80
    Discrimination Workforce Rights Issues
    5
    esg controversies critical severity
    No

    Auditor Landscape Germany market report transcript


    Regional Market Outlook on Auditor Landscape

    DAX 30 mostly opt for engagement with one of the big four firms for audit services. In Germany, the non big four companies for audit services is a preferred choice of mid-tier corporations (Mittelstand companies).

    trends-auditor-landscape-germany

    Germany: Auditor Market Share (2016)

    • Auditor Landscape: In Germany, 156 firms audit 739 companies
    • Oligopoly Market: The German audit industry behaves as an oligopolistic market with big four holding nearly  50 percent of the market share
    • Buyer Power: Corporate buyers having an audit fee to revenue ratio greater than or equal to 0.06 percent have significant purchasing power, while procuring audit services

    Big Four Market Share of DAX 30 (2016-2017)

    • Big Four Dominance: All companies listed on DAX 30 index are audited by one of the big four companies
    • KPMG is Number One: KPMG is the leader in auditing DAX 30 companies, especially financial services companies
    • Non Big Four Presence:-Non big four audit none of the DAX 30 companies. Furthermore, out of 25 audit tenders completed by FTSE 350 companies in 2016, none were awarded to a non-big four firm

    Auditor Switching: DAX 30 Companies

    Major non big four companies, namely BDO and Grant Thornton(or others), have not picked up any DAX 30 client post EU audit reform. Big four remain the preferred choice of DAX 30 companies owing to their goodwill, brand and client industry experience.

    Bayer:

    • In December 2015, Deloitte won Bayer audit contract against EY and KPMG. Deloitte attributed its client win to EU Mandatory Auditor Rotation Reform
    • Deloitte will take over Bayer audit from PwC in 2018. Deloitte though a global leader, held the smallest portion of DAX 30 companies until 2015 (until then Deloitte only had one DAX mandate i.e. K+S.)

    Commerzbank:

    • Complying to EU audit regulations of auditor rotation, Commerzbank has shifted its auditors from PwC to EY. EY will take over Commerzbank audit from PwC in 2018 (with transition starting mid-2017)
    • Currently, EY audits 10 percent of DAX mandates (excluding Commerzbank), holding third position amongst the big four. EY plans to double its mandate in coming years, endangering KPMG and PwC clientele

    Big Four: Client Gain and Losses

    For the year 2016, KPMG audited the highest number of FTSE clients followed by PwC, Deloitte and EY respectively. KPMG and PwC are thus preferred auditor choice for publicly listed companies in the European region.

    PwC dominates the FTSE 350 market with numeric gains followed by KPMG. For SEC clients, PwC has won approximately $15 million in new audit fees for the year 2016, which is the highest among the major global and national firms in the US.

    Non-Big Four Performance(US):

    • BDO holds the highest SEC audit client wins in 2016 with the highest net client gain count of 10 and bringing approximately $13 million in new audit fees which is second to PwC
    • Other non-big four firms such as Crowe Horwath and RSM have won a net of three and five clients respectively in 2016. These firms were also in the top five net audit fee wins list followed by BDO

    Leading Audit Companies in Germany

    • For FY 2016,revenue growth of Big four companies in Germany surpassed accounting industry growth of 5 percent and forecasted big four revenue growth of 10 percent in the region. Big four revenue growth was primary driven by 22 percent sales growth of Deloitte
    • In terms of revenue, PwC is the market leader among the Germany's Big Four, followed by KPMG, EY and Deloitte. In Germany, among the 160 companies listed on four German stock exchanges(DAX, MDAX,SDAX and TecDAX), more than 140 companies are audited by Big Four