Audit and related services
Statutory & international standard audits
We perform audits of the financial statements of our clients under both local and international reporting standards. We do this in accordance with Standards on Auditing as adopted by the Romanian Chamber of Financial Auditors and/or international standards on auditing.
Financial statement transformations
Many of our international clients find it helpful to have their local financial statements transformed to a familiar format that is in accordance with the accounting principles of their own country. In performing this service, we also provide our clients with additional information and clarification as to the contents of their financial statements.
Financial reporting
When companies take advantage of domestic and international financial markets to raise capital, it is vital that they adapt their financial reporting systems to the requirements of the regulatory institutions. Capital financing on international markets requires an in-depth knowledge of the regulations of those markets. Our professionals have extensive experience in this area which combined with the international network of our global firm, ensures that we can support our clients in all their ventures.
Review of accounting systems and internal controls
We review our clients accounting systems and internal controls and perform specific procedures designed to provide assurance to our clients that they have achieved their objectives related to:
- Effective and efficient financial controls and system
- Reliable financial reporting
- Compliance with local laws and regulations
- Compliance with internal company policies and procedures
- Adequate protection of company assets against fraud
Our work facilitates the implementation of systems of internal control that help achieve the objectives described above and which result in more efficient and effective financial reporting.
Accounting advisory services
Changes in accounting legislation present new challenges. Our team of local and international professionals is well placed to advise our clients on issues arising from new legislation such as Romanian statutory regulations, international financial reporting standards (IFRS) and US generally accepted accounting principles (US GAAP).
Training
Our professionals understand the value of going beyond just providing client service and actually transferring knowledge. This enables companies to achieve deep and long-lasting improvements in the quality of their financial reporting. This occurs through the day-to-day performance of our services, working alongside our clients' staff, but also in formal seminars. Our professionals have extensive experience in facilitating trainings on a range of topics, including International Financial Reporting Standards.
Financial due diligence
Our experienced professionals are well equipped to help reduce the risk of investment by performing due diligence and other agreed procedures for potential investors. We also perform similar reviews on behalf of existing shareholders, creditors, banks, and government agencies.