Wirtschaftsprüferkammer
Member | Established: 1961 | Member since 1977
The WPK was established by the Wirtschaftsprüferordnung (Public Accountant Act (WPO)) 1961 and its amendments. Membership of the institute is mandatory for all Wirtschaftsprüfer. The WPK operates under the Federal Ministry of Economic Affairs and Energy in addition to the oversight of the Auditor Oversight Body. The chamber is responsible, in particular, for the following: (i) licensing of Wirtschaftsprüfer and audit firms; (ii) revocation of licenses; (iii) registration of public accountants and audit firms; (iv) conducting examinations for the Wirtschaftsprüfer designation; (v) setting ethical requirements; (vi) establishing CPD requirements; and (vii) carrying out quality assurance reviews and (viii) disciplinary procedures for auditors of non-public interest entities.
WPK is a founding member of IFAC.
Statements of Membership Obligation (SMO)
The Statements of Membership Obligations form the basis of the IFAC Member Compliance Program. They serve as a framework for credible and high-quality professional accountancy organizations focused on serving the public interest by adopting, or otherwise incorporating, and supporting implementation of international standards and maintaining adequate enforcement mechanisms to ensure the professional behavior of their individual members.
Methodology
Last
updated: 04/2019
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Status of Fulfillment by SMO
Disclaimer
IFAC bears no responsibility for the information provided in the SMO Action Plans prepared by IFAC member organizations. Please see our full Disclaimer for additional information.
Contact
Rauchstraße 26
D-10787, Berlin
Germany
Tel: +49-30-72-61-61-100
Fax: +49-30-72-61-61-107
admin@wpk.de
http://www.wpk.de