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Audit

Deloitte addresses the globalisation of businesses by means of a proprietary international audit approach that is used by all DTT member firms. Our global audit approach, known as AuditSystem/2 (AS/2), was the first to include a fully integrated audit methodology, standard documentation, and enabling software.

Although the approach is consistent throughout the world, it recognises that clients are unique and that financial reporting and professional requirements vary from country to country. As such, our international audit approach and software are designed to facilitate tailoring to a particular client’s operations and financial reporting requirements, as well as a particular country’s professional requirements. Our services focus on the auditing of stand-alone entities and consolidated financial statements of domestic and international companies.

In Latvia, our specialist FSI audit team audits a number of other banks, asset management companies, leasing companies, real estate investments insurance companies and pension funds.

Our audit and assurance services for financial institutions include:

  • Audit and review of financial statements prepared primarily in accordance with international financial reporting standards and local standards
  • Assurance services related to regulatory reporting
  • Accounting advisory services regarding International Financial Reporting Standards
  • Coordination of international engagements
  • Audit of banks and financial institutions
  • Audit of pension funds
  • Audit of charities connected with large banking groups
  • Internal audit outsourcing and co-sourcing
  • Internal audit quality assurance reviews.

Our services also include advice in and expertise for:

  • New business start-ups
  • Mergers and acquisitions
  • Stock exchange listings (IPOs)
  • Assistance in the preparation of financial statements in accordance with international standards (IFRS, US GAAP)
  • First time adoption of IFRS
  • Due diligence procedures
  • Fraud prevention related services
  • Risk management related services
  • Tax