Audit

Audit is an independent service primarily intended to serve you - the company owner or interested investor and provide reasonable assurance that the financial statements are presented fairly and accurately. A multidisciplinary approach aimed at understanding your business by helping you understand the key points of risk within your business. Our goal is to inform in time our client of changes in the accounting, finance and legal framework relating to their specific business.

FINANCIAL STATEMENTS AUDIT

The process of verifying and evaluating financial statements, data and methods used in the preparation of financial statements, in which the aim is to allow the auditor to express his opinion on fairness and truthfulness of statements regarding the applicable financial reporting framework. Audit is done in accordance with International Financial Reporting Standards. 

STATUTORY CHANGE AUDIT

Auditing according to company’s Act Law, where subjects of audit are companies or enterpreneurs that are involved with statutory changes (divisions, acquisitions, mergers, increasement of share capital). 

GROUP AUDITING

Auditing tailored to fit the Group’s framework. Depending on the Group’s needs, the auditor may apply non-conventional standards or issue a report in another language. This audit is essentially conducted according to the group guidelines, mainly in engagements in relation to group consolidation packages. 

INTERNAL AUDIT

The aim of internal audit is to provide independent assurance that an organisation's risk management, governance and internal control processes are operating effectively. An internal audit deals with analyses of internal controls, advancement of business processes and assesment and risk management. 

AUDIT OF INTERNAL CONTROLS SYSTEMS

Audit of the process by which organizations maintain environments that encourage incorruptibility and prevent fraudulent activities by management and employees. This type of audit helps maximise effectiveness and efficiency by including activities that are tailored to the nature, size and complexity of the entity. 

IFRS ADVISORY

The aim of IFRS advisory is to answer mupltiple questions in fields of accounting and audit but also the question of appropriate application of Standards. IFRS represent a complex financial reporting framework, and our role is to provide the Client with explication and advice in application of Standards and validating their compliance with the law. 

BUDGETING

Budgeting is financial planning for any future and with it, keeping records of its execution but also securing corrective measures, if neccessary. Budgeting is, together with planning, an extremly important tactical and strategical activity for any enterprise, as it sets basis for defining the aim and direction of doing business. It is considered a base for efficient revenue management. 

CONTROLLING

Controlling is a snapshot of current financial state - an image of current financial state and defining future goals. It leads to improvement in reporting quality by defining key information and cost controlling. It is also in a way an assistance with reporting as it helps show data by profit center, profitability analyses and KPIs, assistance in creating Monthly Management Reports. Furthermore, it represents assistance with budgeting - improvement in budgeting tools, cash flow/cost management, adjustment of budget and forecast with monthly reports.