The auditors do not want to examine the accounts of the Adler Group.
(Photo: Reuters)
Munich The ailing real estate investor Adler must continue to worry about the examination of its balance sheets for the past year. The auditing company KPMG announced that it would not accept the appointment as auditor for the German subsidiary Adler Real Estate, the Luxembourg parent company Adler Group and Adler Real Estate announced on Wednesday evening. KPMG had refused the Adler Group’s attestation for the 2021 annual financial statements with reference to a lack of information on transactions with persons related to Adler and did not want to accept the mandate for 2022 either. All the other major auditors had also waved their hands.
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