Auditor services for the audit of the 2020 financial year with extension options for the audit of the 2021, 2022 and 2023 financial years:
As a limited liability company, the finance agency is a company under private law, whose accounting is subject to the applicable commercial and tax law regulations. Since January 1, 2018, the Finance Agency has also been responsible for the administration and representation of the Financial Market Stabilization Fund ("FMS") as a non-legally capable federal fund and has been entrusted with the sponsorship of the Federal Agency for Financial Market Stabilization AöR-FMSA. In connection with the economic consequences of the Corona crisis, the “Economic Stabilization Fund” (“WSF”) was set up on March 27, 2020 as a non-legal special fund. The financial agency has been entrusted with the administration of the WSF.
According to the applicable commercial and tax law, the articles of association of the finance agency, an individual instruction of the Federal Ministry of Finance (BMF), the statutes of the FMSA and the WSF implementation ordinance, the finance agency, the FMSA, the FMS and the WSF each have a financial statement to create, test and certify. This annual audit is the subject of the order.
This award procedure is intended to award auditor services for the audit of the 2020 financial year with extension options for the audit of the 2021, 2022 and 2023 financial years.
The Federal Republic of Germany - Finanzagentur GmbH ("Finanzagentur") was founded on November 19, 2000 by the Federal Republic of Germany ("Bund") as an institution for state borrowing and debt management. The federal government, as its sole shareholder, is represented by the Federal Ministry of Finance.
The core task of the finance agency is the optimal financing of the federal government and its special assets. In addition, her tasks include services related to the issue of federal securities, borrowing by means of promissory note loans and portfolio optimization using derivative financial instruments. Since January 1st, 2018, the Finance Agency has also been responsible for the administration and representation of the Financial Market Stabilization Fund ("FMS") as a non-legally capable federal fund and has been entrusted with the sponsorship of the Federal Agency for Financial Market Stabilization AöR-FMSA.
In connection with the economic consequences of the Corona crisis, the “Economic Stabilization Fund” (“WSF”) was set up on March 27, 2020 as a non-legal special fund. The financial agency has been entrusted with the administration of the WSF.
According to the applicable commercial and tax law, the articles of association of the finance agency, an individual instruction of the Federal Ministry of Finance (BMF), the statutes of the FMSA and the WSF implementation ordinance, the finance agency, the FMSA, the FMS and the WSF each have a financial statement to create, test and certify. This annual audit is the subject of the order.
The finance agency as a limited liability company is a company under private law, whose accounting is subject to the applicable commercial and tax law regulations. In accordance with Section 316 (1) of the German Commercial Code (HGB), the annual financial statements prepared by the finance agency must be checked by an auditor.
For the FMSA, the requirements from budget and economic management and accounting, § 10 Paragraph 2 and 3 of the FMSA statutes apply. For payments, bookkeeping and invoicing, Sections 106 to 110 of the Federal Budget Code (BHO) apply directly and Sections 1 to 87 BHO apply accordingly. A budget account is drawn up for the FMSA in accordance with BHO, which must be checked.
A financial statement according to commercial law must be drawn up for the FMS and checked by an auditor.
A financial statement under commercial law must be drawn up for the WSF and checked by the financial agency's auditor.