Businesses and other institutions are obliged due to own guidelines or legal regulations to report about their accounts. Therefore, obligation exist for political parties according to the party law as well as certain statement responsibilities for investment companies towards their partners and investors.
This statement of accounts has to give a summary of the company’s assets’ progress over a period of time and advise of certain occurrences. The statement produced by the persons in charge then has to undergo an inspection by an auditor or an auditing office.
The auditor basically examines the statement on completeness and plausibility.