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The Allianz Group prepares its accounts according to § 315e of the German Commercial Code (“Handelsgesetzbuch – HGB”) on the basis of International Financial Reporting Standards (IFRS) as adopted within the European Union. The annual financial statements of Allianz SE are prepared in accordance with German law, in particular the HGB.

Audit of annual accounts and consolidated financial statements

Since January 1, 2018, PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft (PwC) is the auditor of the annual financial statements and of the consolidated financial statements of Allianz SE. The German public auditor responsible for the audit of the annual financial statements is Frank Trauschke since January 1, 2020. The German public auditor responsible for the audit of the consolidated financial statements is Richard Burger since January 1, 2018. 

PwC audited the annual financial statements and the consolidated financial statements  of Allianz SE as well as the respective management reports and issued unqualified audit opinions. You can find the auditor’s report in the Annual Report 2020 of Allianz SE starting on page 99 and in the Annual Report 2020 of Allianz Group starting on page 183. PwC performed a review of the condensed consolidated interim financial statements and the interim group management report.

Appointment of the auditor

In compliance with the special legal provisions acc. to § 341 k of the German Commercial Code (HGB) applying to insurance companies, the statutory auditor and the auditor for the review of the condensed consolidated interim financial statements and the interim group management report were appointed by the Supervisory Board of Allianz SE and not by the Annual General Meeting until 2021.

As of 2022, the statutory auditor and the auditor for the review of the condensed consolidated interim financial statements and the interim group management report will be appointed by the Annual General Meeting according to the requirements of the Financial Market Integrity Strengthening Act (Finanzmarktintegritätsstärkungsgesetz, FISG).

Further information

Principal accountant fees and services of the auditor are listed in the Annual Report 2020 of Allianz Group on page 170.