Special purpose auditing and examinations are carried out upon the clients' request in cases where they require to assess and improve specific controls and procedures on their business.

HLB AG performs special purpose audits in accordance with the applicable International Standards on Auditing (ISAs), including the specific considerations under ISA 800 for financial statements prepared using a special purpose framework. These engagements provide independent assurance over financial information prepared for defined users or specific contractual, regulatory or other requirements.

Our Special Purpose Audit services include:

• Audits of financial statements prepared under special purpose frameworks
• Audits required under specific contractual arrangements
• Audits prepared for lenders, investors or other specified users
• Audits supporting transactions, restructuring or other defined business purposes
• Audits of financial information prepared for regulatory or statutory purposes
• Audits of specific financial reporting requirements agreed with the relevant users
• Consideration of the applicable accounting framework and purpose of the financial statements
• Independent audit reporting tailored to the circumstances of the engagement
  

HLB AG establishes the scope and audit approach according to the purpose for which the financial statements have been prepared, the applicable reporting framework and the intended users. Where the engagement concerns a single financial statement or a specific element, account or item rather than a complete set of special purpose financial statements, the relevant requirements of ISA 805 are considered. This ensures the audit and resulting report are appropriate to the specific financial information and purpose involved.