Aap Implantate AG Faces Audit Impediments

aap Implantate AG announced today that its auditor, Baker Tilly GmbH & Co KG Wirtschaftsprüfungsgesellschaft, will terminate the audit of its annual and consolidated financial statements. The auditor will not issue an audit opinion due to audit impediments. The audit could not be completed because the necessary documents relating to the HGB individual financial statements were not fully submitted.

The company's decision to publish the 2023 annual financial statements was driven by the threat of a six-figure penalty. The Executive Board is allocating all available resources to resolve the audit impediment for the 2024 financial statements.