IDW S6 turnaround report: Quick clarity and a sound basis for decision-making.

Quick clarity for companies in crisis.

A turnaround report in accordance with IDW S6 objectively assesses whether a company is economically viable and how a successful turnaround can be achieved. As an established standard of the Institute of Public Auditors in Germany (IDW ), it provides a legally compliant and economically sound basis for decision-making - both for lenders and management.

Four questions for a positive continuation forecast.

A positive going concern forecast plays a central role in this, as it determines whether the company can continue to access debt capital. In order to obtain such a forecast, four key questions must be answered convincingly:

1. Is the company fundamentally in a position to overcome the crisis?
2. What specific measures are required to achieve this?
3. What form must the turnaround concept take and how long does it have to be implemented?
4. What does the financial planning look like in order to successfully carry out the turnaround?

Answering these questions requires sound business and legal expertise. Case law therefore stipulates that external specialists should be involved in the process. In addition to economic aspects, legal framework conditions - such as insolvency and employment law - must also be carefully considered. In addition, the Federal Court of Justice (BGH) requires that the ability to turnaround be assessed independently and professionally by an impartial third party.

Core contents of an IDW S6 report.

A turnaround report in accordance with IDW S6 consists of several essential components:

1. Analysis of the company's situation
   Detailed analysis of the economic situation, causes of the crisis and financial bottlenecks.
2. Examination of turnaround capability
   Assessment of whether turnaround is economically viable and realistically feasible.
3. Development of a turnaround concept
   Definition of concrete measures for the financial, operational and strategic stabilization of the company.
4. Financial planning and sustainability check
   Preparation of planning calculations to assess future competitiveness and profitability.
5. Implementation and monitoring
   Monitoring of the measures and review of target achievement during the renovation phase.
   

Why wibas?

A successful turnaround report requires more than a well-founded analysis - it must be viable and feasible in practice. Our approach includes a holistic performance-based and financial turnaround concept - for a high level of acceptance by all parties involved. And we stick to it - we also provide support after the expert opinion, during the actual turnaround work.

Our quality promise.

• Holistic and practical
  We not only look at key financial figures, but also evaluate the entire business model. Our turnaround concepts combine performance-related and financial measures and thus create a solid basis for sustainable turnaround.
• Acceptance and feasibility
  Success in turnaround means getting all stakeholders on board. Thanks to our extensive experience in stakeholder management and our partnership-based approach, we ensure a high level of acceptance among companies, creditors and investors.
• Structured implementation with a clear roadmap
  A concept alone is not enough - implementation is crucial. We develop a realistic, feasible implementation roadmap with specific turnaround measures that are consistently managed and monitored.
• Pragmatic, process-oriented, productive
  Our consulting is practical: we work hand in hand with your team, analyze processes, optimize value chains and support implementation directly on site - from controlling to sales to production.

With wibas, your company not only gains clarity about its ability to restructure - you receive a concept that is viable, feasible and economically sensible.