Ist eine befreiende Wirkung kommunaler Gesamtabschlüsse bei (de lege ferenda) zu bejahender gesetzlicher Zulässigkeit zweckmäßig?

Peter Küting

Die Unternehmung - Swiss Journal of Business Research and Practice, 2015, vol. 69, issue 4, 440-466

Abstract: With conversion of the accounting system of public sector organizations from of the oldfashionedsingle- ("cameralistic") to double-entry accounting, german municipalities, whohave been attributed corporate status, are challenged by the necessity to prepare separateas well as consolidated (financial) statements. Exemplified by the municipal code for thestate of North Rhine-Westphalia, which also serves as the standard embodiment for thenew communal budget law for all municipal constitutions across Germany, this paper investigateswhether and to what extent such consolidated accounts are likely to have an exemptingeffect within the meaning of sec. 291 of the German Commercial Code (HGB).Based on the findings of this analysis, it can be concluded that such a discharging effectwould be conceivable, at least theoretically; nevertheless it fails to meet the intended objective(s). With that said, the German legislator is requested to strengthen and clarify the legalbasis, in case of municipalities, by establishing an explicit derogation from the rule accordingto exempting consolidated financial statements.

Date: 2015
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DOI: 10.5771/0042-059X-2015-4-440

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Die Unternehmung - Swiss Journal of Business Research and Practice is currently edited by Prof. Dr. Artur Baldauf, Universität Bern, Prof. Dr. Manfred Bruhn, Universität Basel, Prof. Dr. Pascal Gantenbein, Universität Basel (geschäftsführend), Prof. Dr. Markus Gmür, Universität Fribourg, Prof. Dr. Klaus Möller, Universität St. Gallen, Prof. Dr. Günter Müller-Stewens, Universität St. Gallen, Prof. Dr. Dr. h.c. Margit Osterloh, Universität Zürich, Prof. Dr. Dieter Pfaff, Universität Zürich and Prof. Dr. Martin Wallmeier, Universität Fribourg

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