The service to be awarded is structured according to the framework agreement and covers the financial years 2024, 2025, 2026, 2027, in particular with the following audit services:

- Audits of annual financial statements including subsidiaries and consolidated financial statements (§ 316 et seq. HGB),

- Audits § 53 HGrG as well as remuneration report

- If necessary, additional services, special audits and ad hoc assignments.

The scope of the audit results from the statutory provisions, the supplementary legal norms and the principles laid down by the Institute of Public Auditors (IDW).

As a large corporation and also on the basis of the articles of association, there is an obligation pursuant to Section 316 (1) of the German Commercial Code (HGB) in conjunction with Section 317 of the German Commercial Code (HGB) to prepare annual financial statements and a management report and to have them audited by an auditor. As a Toll Collect Group, we are also obliged to prepare consolidated financial statements and a group management report in accordance with Section 290 of the German Commercial Code (HGB) in conjunction with Section 316 (2) of the German Commercial Code (HGB) and to have them audited by an auditor. The scope of the audit covers all subsidiaries of the Toll Collect Group.

In addition, the provisions on the audit of companies pursuant to Section 53 of the Budget Principles Act must be observed and must be included in the audit. An audit of the remuneration report is also included in the scope of the audit.

In addition, the audit of the annual financial statements will be expanded with regard to an audit review for compliance with the requirements for management and the supervisory board in the application of the Federal Public Corporate Governance Code (PCGK).

As part of the audits of the financial statements, the audit manager must also be available on site for ad hoc consultations on audit-related issues relating to accounting and the internal control system in the sense of a holistic consulting approach. The responsible audit partner must personally attend the opening and final meetings with the client at the company's registered office. The responsible audit partner also participates in the Supervisory Board's negotiations on the proposals for the annual financial statements and reports on the main results of its audit.

The audit must also be carried out in compliance with the German Principles of Proper Auditing laid down by the Institute of Public Auditors in Germany (IDW), in particular taking into account IDW PS 720, IDW PS 220, IDW PS 450, IDW PS 203, as amended.

In principle, the audit should take place at the client's business premises at the company's registered office. However, it can also take place in hybrid form after consultation with the client. We use the Webex system for this purpose.

For the first audit period (annual financial statements as of 31.12.2024), an audit report must be issued in an edition of min. five copies (in German as well as a PDF version), which must be available no later than 1 month after the final meeting. Furthermore, five attestations must be drawn up.

For the following years, at least the same documents must be prepared in terms of type and scope. The project language is german. All correspondence, all examination papers and all examination notes must be written in German.