Internal audit
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:
- Examination of compliance of the company’s activities with its policies, programmes and management strategies, as well as with legal provisions
- Evaluation of degree of suitability and applying of financial and non-financial controlling, dictated and carried out by the management in order to increase the efficiency
- Evaluation of degree of compliance for financial and non-financial data/information, designed for management, in order to acknowledge the realities of the company
- Protection of patrimonial elements and detection of methods for preventing frauds, errors and damages of any kind
We provide our clients with following categories of internal auditing:
- Compliance audit – to insure respecting norms, regulations and applicable law
- Operational audit – to insure the efficiency and efficacy of the company’s operations
- IT system audit – to insure the appropriate functioning of the IT system for the entire duration of company
- Performance audit – to insure the efficient usage of resources in order to achieve the objectives of the company
- Special missions – are related to fraud and corruption investigations, or any other kind of special mission, having the approval of the management
Analytical procedures:
- Investigations and analysis
- Recalculations, comparisons and other accurate tests
- Observation
- Inspection
- Confirmations
- The conclusions
Related articles

European Commission Unveils Major Simplification of Sustainability Regulations and Investment Opportunities
The European Commission has introduced a comprehensive package of proposals aimed at simplifying EU regulations, enhancing competitiveness, and facilitating sustainable... read more

Important fiscal changes starting with 01.01.2025
On 31.12.2024, GEO 156/2024 was published regarding some fiscal-budgetary measures. The main changes in the tax field, with application from... read more

Important fiscal changes OUG 138 / 05.12.2024
E-Invoice: In the B2G commercial relationship, the invoices will contain the corresponding CPV codes provided in the reference nomenclature in the... read more

The Government approves the Ordinance to cancel the interest for outstanding budget obligations that will be paid by November 25, 2024
Interest, penalties and all accessories related to the main budgetary obligations owed by legal entity debtors, overdue on August 31,... read more

Navigating the Carbon Border Adjustment Mechanism (CBAM): A Guide for Businesses and Accountants
In response to the pressing need for stringent climate action, the European Union (EU) has elevated its climate targets, paving... read more

Tax News OUG 115
New changes to the fiscal legislative framework were published on 15.12.2023, as follows: Corporation Tax New rules for deducting the amounts... read more

Elevating Business Efficiency: A Comprehensive Guide to E-Invoicing and the Role of Professional Service Providers
In the fast-paced realm of modern business, innovation continues to reshape traditional practices. One such transformation is the widespread adoption... read more