Frank Schmid is Partner and working in the Audit business line. He has many years of experience in auditing and advising mainly medium-sized businesses. As a member of the Automotive industry group he works as group auditor for important clients in the automotive supply industry and as auditor of financial statements for medium-sized businesses. He has broad experience in audit and advice in connection with process operations and control systems. His activity has an international orientation focusing on US companies and their German subsidiaries. Frank Schmid is head of our US-Desk.
Fields of expertise
- Audit of separate and consolidated financial statements according to German GAAP and US GAAP
- Audit-related advice and due diligence
- US GAAP reporting support
- SOX 404 compliance audits and advice
Memberships
- Member of the Chamber of German Tax Advisors [Steuerberaterkammer]
- Member of the Chamber of Public Auditors
- Member of the Grant Thornton AG Automotive industry group
Qualifications
- Diplom-Kaufmann (Graduate in Business Administration)
- Tax Advisor
- German Public Auditor
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Latest Articles
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Financial accounting and reporting
Higher thresholds planned for enterprise class sizes in the Commercial Code
A current federal government bill provides for raising the monetary thresholds for determining the sizes of enterprise classes in accounting law by around 25 per cent. In this article, we let you know the details.
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3 min read
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07 Feb 2024
Accounting
The future of non-financial reporting – an update on sustainability reporting
The Institute of Public Auditors in Germany, Incorporated Association (IDW) [Institut der Wirtschaftsprüfer in Deutschland e.V.], published a position paper on the future of non-financial reporting and assurance. Besides aspects to be considered for the development of an integrated reporting that addresses the information requirements of all stakeholders, the abstract provides an update on the latest ESG reporting pronuncements.
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4 min read
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24 Jul 2023
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