Compliance Audit in Germany

Time and again, companies are "surprised" by compliance cases. However, an organization cannot afford violations of the law and scandals. The compliance audit offers the opportunity to take preventive action to detect all gaps.

Companies in Germany should conduct a compliance audit regularly and, in the best case, before an organization-specific risk materializes. If compliance measures are not taken until after possible breaches of the law have been detected or security vulnerabilities have become known, massive reputational damage may already have occurred or fines may have been imposed.

In the worst case, the very existence of the organizations that have committed significant legal violations, such as participating in a cartel, may be at stake. Particularly at risk are companies with foreign subsidiaries or joint venture companies whose business understandings and actions often differ from German organizations. Precisely such corporate structures are thus particularly vulnerable with regard to compliance violations.

• Risk analysis of all corporate divisions
• Control of all company processes
• Review of subsidiaries (also abroad)
• Identification of high-risk business transactions
• Review of internal control systems
• Implementation of effective compliance management systems
• Mock dawn raids (simulated search of business premises)