Apr 19, 2006 17:58
18 yrs ago
6 viewers *
German term

nach berufsüblichen Grundsätzen

German to English Bus/Financial Accounting
XXX (company name) hat uns beauftragt, den Jahresabschluss zum 31. Oktober 2005 unter Einbeziehung der zugrundeliegenden Buchführung der Gesellschaft *nach berufsüblichen Grundsätzen* zu prüfen sowie über das Ergebnis unserer Prüfung schriftlich Bericht zu erstatten.

TIA

Proposed translations

+1
2 hrs
Selected

generally accepted auditing standards

The "berufsübliche Grundsätze" refer to auditing standards, not accounting standards! This is a standard bit of Floskel in a German audit engagement letter and derivative documentation.

See e.g. IDW PS 220/AuS 220, IAS 210.

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Note added at 2 hrs (2006-04-19 20:31:57 GMT)
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or "generally accepted auditing principles"
Peer comment(s):

agree Kim Metzger
20 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thank you!!"
+1
10 mins

in accordance with generally accepted accounting principles

I don't think "in accordance with generally accepted business practices"would apply here.

Unsere Prüfung erfolgte in Übereinstimmung mit den österreichischen gesetzlichen Regelungen und berufsüblichen Grundsätzen.

The financial statements give a true and fair view
of the Company’s assets, liabilities, financial
position and profitability, and are in accordance
with generally accepted accounting principles.

http://www.heinzelgroup.com/downloads/heinzel2000.pdf

Relationships with suppliers must always be arms length, consistent with accepted business practices, Terasen policies and in accordance with applicable laws. In dealing with suppliers, employees of Terasen will conduct themselves with fairness, courtesy and good faith. All interactions with suppliers must conform to the requirements of the section of this policy addressing conflict of interest.

http://www.terasen.com/Waterworks/_Global/CodeofConduct.htm
Peer comment(s):

agree Ingeborg Gowans (X)
25 mins
Something went wrong...
1 hr

according to [generally accepted] professional principles

My quibble with Kim's response is that the American reader might think that this annual report has been audited according to GAAP
(US guidelines), which I have no reason to assume (unless Asker knows otherwise)
I would even leave out the [generally accepted] for the same reason
Something went wrong...
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