Accounting and external reporting continue to present a major challenge for companies. This complexity is enhanced by the differences between the Austrian Corporation Code (UGB) and the International Financial Reporting Standards (IFRS), as well as by the continuous modification and further development of the standards. On top of this, there are also deviating regulations for fiscal accounting.
The dynamics and complexity of the international markets also have an impact on accounting. At the same time, stakeholders expect comprehensive and reliable company reporting. This presents new challenges for managers, supervisory boards and auditors.
Our WTS experts are equipped with comprehensive industrial expertise. This means that we can guarantee our clients compliance with the various accounting and valuation rules and support them in overcoming these challenges. At WTS Austria we manage our clients' accounting and provide informative reports and key indicator analyses that are customised to individual wishes and requirements. Our compliance service includes a year-end discussion and action planning.
We advise national and international companies from a variety of sectors. Furthermore, we assume the overall compliance for the income-expenditure calculator and are available for any special accounting questions. On request, we can also analyse the balance sheet and set up early warning indicators. Our WTS Austria accounting experts are also constantly publishing issues on balance sheet tax law issues.
When required, we cooperate with FAS GmbH (www.fas-ag.at) for finance consulting, valuation and transaction issues. "FAS" stands for Financial Advisory Service; the FAS is also located at our premises, Am Modenapark 10, 1030 Vienna. This allows us to cover all areas and services in-house.