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Examination passed!

Auditing Firm PwC Evaluates Annual Report of windream GmbH for Business Year 2010


windream GmbH had their annual report 2010 – for the time period from January 1st until December 31st 2010 – evaluated by the independent and internationally renowned auditing firm PricewaterhouseCoopers (PwC). The aim of the evaluation, the result of which was published on May 6th 2011, was to “issue an evaluation of the annual report and of the status report under consideration of the accountancy” – to quote the PwC certificate for windream GmbH.

Result: no objections


In their final verdict, PwC state that the evaluation resulted in no objections. On the contrary: according to the auditing firm’s evaluations and the information gathered during the testing process, “the annual report corresponds to the legal requirements and conveys an image identical to the actual financial and profit situation of the company under consideration of the rules of compliant auditing.“ Furthermore, PwC asserts that the status report of the company corresponds to the annual report and conveys an adequate impression of the current situation of windream GmbH.

Strict regulations


The PwC evaluation was carried out in accordance with the regulations of the HGB (German commercial code, § 318) and under consideration of the German rules for compliant annual audits issued by the Institut der Wirtschaftsprüfer (Institute of Auditors, IDW). These guidelines, among other things, demand an evaluation of the efficiency of the accounting-specific internal control system as well as documents confirming the information on auditing, annual financial statement and status report.

Furthermore, the examination included an evaluation of the balancing policy used and of the general evaluations of the executive director as well as a consideration of the overall results of the annual report and of the status report. 

 

Further Information

windreamNews 06/2011
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