A professionally qualified person who checks the bookkeeping and annual financial statements of companies for accuracy and compliance with the law.
example
Einmal im Jahr kommt der Wirtschaftsprüfer, um unsere Bücher zu kontrollieren.
Once a year, the auditor comes to check our books.
Usage tips
Word composition
This word is made up of 'Wirtschaft' (economy / business), the linking '-s-', and 'Prüfer' (examiner / inspector). A 'Prüfer' is someone who checks or inspects something. So a 'Wirtschaftsprüfer' checks the finances of companies.
EXAMPLE
Das Unternehmen muss einen externen Wirtschaftsprüfer beauftragen.
The company has to hire an external auditor.
Word family
The base word 'Prüfer' is derived directly from the verb 'prüfen' (to check / examine). This helps you understand the function: the 'Wirtschaftsprüfer' (auditor) checks a company’s bookkeeping.
EXAMPLE
Die Aufgabe des Wirtschaftsprüfers ist es, die Bilanzen genau zu prüfen.
The auditor’s job is to examine the balance sheets carefully.
Typical collocations
A 'Wirtschaftsprüfer' (auditor) 'prüft die Bücher' (checks the books), 'kontrolliert den Jahresabschluss' (checks the annual financial statements), or 'erteilt ein Testat' (issues an audit opinion / gives official confirmation). A company 'beauftragt' (hires / commissions) an auditor.
EXAMPLE
Der Wirtschaftsprüfer kontrolliert, ob alle Geschäftsvorfälle korrekt verbucht wurden.
The auditor checks whether all business transactions were recorded correctly.
Compare with
confusable
Wirtschaftsprüfer vs Steuerberater
tax advisor
'der Steuerberater' and 'der Wirtschaftsprüfer' both belong to the area of finance and business. But they do not have the same job. A 'Steuerberater' advises on taxes, prepares tax returns, and helps when dealing with the tax office. A 'Wirtschaftsprüfer' mainly checks whether a company's bookkeeping and annual financial statements are correct and comply with the law. The words can be confusing because both work with numbers, laws, and company documents. When the topic is tax questions, 'Steuerberater' is correct. When the topic is checking annual financial statements, 'Wirtschaftsprüfer' fits better.
Wirtschaftsprüfer
Der Wirtschaftsprüfer kontrolliert den Jahresabschluss des großen Unternehmens.
The auditor checks the annual financial statements of the large company.
Steuerberater
Der Steuerberater erklärt der Kundin, welche Belege sie für das Finanzamt braucht.
The tax advisor explains to the client which documents she needs for the tax office.