Prüfung des value reporting durch den abschlussprüfer

Due to an increasing number of both the IPO of equity instruments as well as of debt instruments, companies adopt corporate management systems based on shareholder value concepts. International Financial Reporting Standards require the valuation of businesses or parts of businesses based on valuation techniques, and assets and liabilities increasingly being valued based on the fair value concept. These valuation techniques which are required by IFRS are also used for internal corporate management systems. Companies inform actual and potential owners about the outcome of their corporate management systems through value reporting. Value reporting is partially included in the mandatory financial reporting and partly exceeds the information requirements of the financial reporting. Value reporting increasingly includes information about key performance indicators based on IFRS. The nature and scope of the audit of value reporting depend on whether value reporting is part of the mandatory financial reporting or voluntarily given in additional information instruments. This essay analyses the nature and scope of audit of value reporting depending on whether value reporting is part of the mandatory financial reporting or not and whether value reporting is issued in combination with mandatory financial reporting. Developments of local and international reporting standards as well as auditing standards and their impact on value reporting will be considered. Copyright Physica-Verlag 2005