Auditor Oversight Body (AOB)
Source: © BAFA
The auditor oversight body plays an important role in maintaining the quality and professional standards of statutory audits in Germany.
Public confidence in the accuracy of a company's net assets, financial position and results as reflected in external corporate reporting is one of the cornerstones on which our capital and financial markets are based.
The AOB is also tasked with public professional oversight of the German Chamber of Public Accountants (WPK) and is indirectly responsible for the quality of statutory audits of all other companies. It also monitors developments in the market for auditing services and supplies information obtained nationally to European supervisory bodies.