Is it possible to change auditors before the end of the year and after the end of the year?

According to Article 730a of the Code of Obligations, the auditors can be dismissed by the company at any time for important reasons. A change in the auditors can therefore take place at any time, even if the auditors have been re-elected for 3 years.

A change of auditor is not viewed well by banks, suppliers and customers. Is that correct?

No, and if someone actually advised you not to change auditors, for example, then the situation could have serious consequences. It would mean that the auditor's independence is actually or appears to be compromised because a change in auditor could have an adverse effect on the company. That would be inconsistent with the independence rules and would be against the law.

How can the auditor be dismissed for important reasons and switch to blueAUDIT?

A change to blueAUDIT for important reasons can take place at any time. Especially if the previous auditor is not price transparent, does not use any new technologies, does not keep the necessary urgency or if the majority of the work is carried out by audit assistants.

Changing auditors is tedious and involves extra work. This incurs additional costs. Is that correct?

Switching is easy, you don't have to do anything else. All we need from you is the minutes of the general meeting (it can take place at any time) in order to be able to register the auditors with the commercial register. This is done by us and it is free of charge for you.

We are also happy to visit your trustee or your auditor to receive the documents from previous audits or accounting. You should not incur any further costs.

My auditor says that it is cheaper to do the bookkeeping and the audit in the same place. Is that correct?

It is even more advantageous for a company if the bookkeeping and the audit are done separately. Audit firms and fiduciary firms that help with bookkeeping and provide other services are required to make disclosures in the audit report. Disclosure sometimes has a negative effect if the report and annual accounts have to be passed on to third parties such as banks.

blueAUDIT GmbH likes to work with trustees and a combination leads to significant cost savings for you.

Banks and other stakeholders prefer long-standing auditors and renowned auditing firms. Right?

If banks and other stakeholders prefer an auditing firm or auditor, the situation can have serious consequences. It would mean that the auditor's independence is actually or appears to be compromised because a change in auditor could have an adverse effect on the company. That would be inconsistent with the independence rules and would be against the law.

Professional associations such as Treuhandsuisse and EXPERTsuisse guarantee more quality, as do auditors with many years of experience. Is that correct?

High quality depends on various factors. An auditor or chartered accountant who mostly only uses assistants and does not use the latest technologies (data analytics, etc.) certainly cannot do a better audit. The revision is error-prone and not everything is checked from A to Z.

At blueAUDIT GmbH, the audits are not carried out by assistants, but by approved experts. This gives you a lot more experience and higher quality for your money. To do this, we use data analytics and automated audit tools to be able to perform the audit procedures more efficiently and accurately. This enables us to analyze the data volumes better, with far fewer queries for you.

Questions to ask your accountant or auditor

• Who carries out the majority of the revision work? An assistant or he*she himself?
• If he*she does not carry out the majority of the work, has he*she adjusted the fee rates accordingly?
• Which technologies are used to check the journals completely? Does he*she know about data analytics?

Why is blueAUDIT GmbH so efficient?

blueAUDIT GmbH uses the latest technologies in the field of auditing, which ensures faster and better audits. The audit procedures are carried out electronically using automated processes. This means that up to 100% of all transactions are analyzed, which ensures more security and accuracy. If you want to learn more about the software used: indagia ®

What is done differently from traditional auditing?

In addition to using technology, we also try to keep the cost structure as lean as possible in order to be able to offer better prices. Of course, this happens without any loss of quality, because the high quality of our work is checked externally.