Our team bring together professionals with extensive experience in the audit zone, being able to answer to clients’ needs with reliance, trustworthiness, quality of services and professionalism, their expertise covering all types of entities within all areas of activity.

The goal of an audit mission is to provide an independent and objective examination of the financial statements, procedure that increases the quality and credibility of the financial statements drawn by the company’s management, leading to a higher confidence for the users of those statements, reducing the investors’ risks and subsequent the capital costs.

We come with the advantage of membership in the International network – Kreston, with over 20.000 members world wide. Thus, we have the benefit of support and advisory at international standards and so our services are an authentic alternative to BIG4. The plus we bring to our clients is the commitment of the partners and members of the audit team in all stages of the audit mission.

During the audit mission we go through the following procedures:

For small and medium companies, not obligated to appoint an auditor for their financial statements, but caring for increase the level of trust for the users and the credibility of their financial statements, a review report is the most suitable solution.

A review is also a type of audit but provide a moderate level of insurance for the financial statements. The purpose of a review is related to the procedures applied by the auditor, taking into account the demands of the significant audit standards, the financial reporting and settlement frame, the applicable law, in order to obtain enough adequate samples needed for achieving the intended goals and constituting the base for express a conclusion over the financial statements as a whole.

Applied analytical procedures:

During such a mission, we can decide together the nature, duration and extent of procedures to be applied, allowing you to indicate us the identity of document and records to be analyzed, entities to make contact with, parties to ask confirmation for.

Within such a mission we can establish together the nature, the duration and extend of procedures to be followed, indicating us the identity of documents and records to be analyzed, the persons to be contacted or parties to ask confirmations from, is the case.

Even if the report will not contain any insurance from the auditor, the users are able to evaluate for themselves the procedures and observations and draw out their own opinions.

The report is designed only for those who agreed upon for avoiding the misinterpretation of the conclusions.

In such a mission, the analytical procedures used are:

  • interviews and analysis
  • recalculation, analogies and other accurate verifications
  • observation
  • inspection
  • obtaining the confirmations
  • presentation of conclusions
This particular service consists in drawing out and presenting the financial statements based on data provided by the client. The procedures used are not intended to supply any insurance over the financial statements analyzed, but the users of such information consider they benefit from the intervention of a specialist who brings his knowledge and competence into constructing the statements.
In case of using European funds the audit is mandatory and only a comprehensive evaluation will secure the reimbursement of expenses and the limitation of risks.

The audit reports will contain:

  • procedures performed and findings of fact
  • expenses compliance to the project budget and analytical review
  • checking the eligibility of expenditure; accuracy and registration
  • administrative costs (overhead)
  • checking the income generated by EU fund

Types of structural funds audit:

  • SOP IEC - Sectoral Operational Programme "Increasing of Economic Competitiveness"
  • OP ACD Operational Programme for Administrative Capacity Development
  • SOP HRD Sectoral Operational Programme "Human Resources Development"
  • International cooperation programs
We recently became partners of international financial institutions; they have accepted us as auditors for funds invested in Romania in projects and programs developed in our country.

The puzzle of fiscal legislation and the difficulty of putting it into practice represent a real challenge for businessmen. The goal of a fiscal audit is that to protect the company-client from the fiscal risks by analyzing its activity, the way of understanding and application of fiscal legislation and fiscal statements of the company.

In this respect, the auditor is able to provide the following services:

  • examination of the activity from the fiscal point of view, identifying the risky practice and making recommendation to eliminate to future fiscal risks
  • estimation of amounts not paid to fiscal authorities, that might be revealed during a fiscal control

This type of audit consists in an objective examination of the whole activities of an entity in order to provide an independent evaluation of the risk management, controlling and management processes of the entity.

During the internal audit mission we propose to carry out the following procedures:

We provide our clients with following categories of internal auditing:

Analytical procedures:

As Kreston member we are able to provide a full range of International reporting services and to assist with the development and growth of your business both locally and internationally. The trusted relationship between Kreston member firms enables them to provide a coordinated response to your needs helping you to overcome barriers to international growth.

Our services include:

In this process, we are sustaining the investor, interested in acquiring local businesses. The analysis and examinations of information from different points of view, identification of risks in the business, from accounting, juridical, fiscal, HR, market point of view, the appropriateness of controlling systems, conformity with accounting and fiscal specific regulation, the true and fair presentation of financial reports offer an exhaustive vision over the risk and quality of business.