We offer the following services:
Financial audit
Our services relating to an audit of financial statements include:
We are an entity authorized to audit the financial statements entered on the list of authorized entities kept by the National Board of Certified Auditors (under number 3514).
Our methodology has been thoroughly developed based on experience of our partners gained over the years when working for top world class consulting firms.
Our concept of audit focuses not only on verification of figures and disclosures included in the financial statements but, above all, on helping our Clients identify risks and other exposures that might distort their business operations. At the same time, we do not just identify risks and point them out to the Clients or help eliminate their consequences. But we aim at identifying the source of the problem in order to be able to completely eliminate the risk.
We also strive to continuously meet our Clients’ needs and cooperate with them on a daily basis. Before we start an audit, we will hold a planning meeting with your management in order to identify and discuss the Company's needs. We will provide you with our findings throughout the entire audit process in order to avoid unnecessary surprises at the end of the audit.
We encourage you to contact us during the year to resolve any matters just when they arise other than wait until the year ends.
- audits of annual stand-alone and consolidated financial statements drawn up in accordance with the Polish Accounting Act,
- audits of annual stand-alone and consolidated financial statements drawn up in accordance with the International Financial Reporting Standards.
We are an entity authorized to audit the financial statements entered on the list of authorized entities kept by the National Board of Certified Auditors (under number 3514).
Our approach
We perform our audits in line with:- national auditing standards, issued by the National Board of Certified Auditors in Poland,
- International Standards on Auditing issued by the International Federation of Accountants (IFAC),
- Code of Ethics for Professional Accountants issued by IFAC.
Our methodology has been thoroughly developed based on experience of our partners gained over the years when working for top world class consulting firms.
Our concept of audit focuses not only on verification of figures and disclosures included in the financial statements but, above all, on helping our Clients identify risks and other exposures that might distort their business operations. At the same time, we do not just identify risks and point them out to the Clients or help eliminate their consequences. But we aim at identifying the source of the problem in order to be able to completely eliminate the risk.
Value added for the benefit of our Clients
As part of our audit, we will draft a Management Letter which will include our observations and recommendations relating to potential improvements in your accounting and internal control systems.We also strive to continuously meet our Clients’ needs and cooperate with them on a daily basis. Before we start an audit, we will hold a planning meeting with your management in order to identify and discuss the Company's needs. We will provide you with our findings throughout the entire audit process in order to avoid unnecessary surprises at the end of the audit.
We encourage you to contact us during the year to resolve any matters just when they arise other than wait until the year ends.
Internal audit
Based on our experience gained during audits of internal control processes, we offer the following services to you:
Depending on your needs, we can offer support not only in designing and implementing internal control procedures that have not been established at your Company yet but also we can review and assess the existing procedures. Our Certified Internal Auditors will analyze and document the procedures, identify risks and internal controls that address those risks and test the operating effectiveness of these controls. As a result, valuable recommendations improving internal control processes will be provided. We can also assist you in establishing an internal control department by preparing methodology and a plan of action, seeking a suitable candidate for an internal auditor, preparing his/her training and presenting his/her responsibilities.
- designing and implementing internal control systems, or
- reviewing, assessing and providing recommendations relating to improvement of the existing internal control systems,
- preparing and implementing internal procedures for financial control purposes,
- assisting in forming internal audit departments.
Depending on your needs, we can offer support not only in designing and implementing internal control procedures that have not been established at your Company yet but also we can review and assess the existing procedures. Our Certified Internal Auditors will analyze and document the procedures, identify risks and internal controls that address those risks and test the operating effectiveness of these controls. As a result, valuable recommendations improving internal control processes will be provided. We can also assist you in establishing an internal control department by preparing methodology and a plan of action, seeking a suitable candidate for an internal auditor, preparing his/her training and presenting his/her responsibilities.
Other auditor services
Other services provided by auditors include:
- reviews of annual, quarterly and semi-annual financial statements drawn up in accordance with either the Polish Accounting Act or International Financial Reporting Standards,
- audits and reviews of consolidation packages prepared for the Group consolidation purposes and drawn up in accordance with regulations other than the Polish Accounting Act, including in particular:
- International Financial Reporting Standards (IFRS),
- US Generally Accepted Accounting Standards (US GAAP),
- German accounting principles (German GAAP),
- audits of merger and demerger plans as well as reorganization plans,
- agreed-upon procedures.