Audit of financial statements
One of the objectives of our audit is to increase the safety of business activities conducted by our clients.
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Review of financial statements
The review of financial statements is carried out in accordance with the International Standards on Review Services. We have also developed our own methodology of conducting audit work based on our experience gained, among others, when working for the largest international audit firms.
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Audit of financial statements
We audit financial statements in accordance with International Auditing Standards. We have also developed our own methodology of conducting audit work based on our experience gained, among others,
when working for the largest international audit firms.
The advantage of our services is constant contact with the auditor and the possibility of consulting him/her on any problems and doubts that arise at every stage of the audit of the financial statements.
We also have many years of experience in verifying consolidation packages of groups of companies. In this respect, we cooperate with the largest international auditing companies on a daily basis.
Our work includes:
- audit of financial statements prepared in accordance with the provisions of the Accounting Act,
- audit of financial statements / consolidation packages prepared in accordance with International Financial Reporting Standards (IFRS/IAS)
- audit of financial statements / consolidation packages prepared in accordance with German balance sheet law (German GAAP)
A series of services performed in four steps from the request to its performance:
Step 1
Planning
- Meetings with key personnel in the company
- Review of statements and reports from previous years
- Getting to know the company's operations, reporting principles
- Analysis of the company's industry and environment
- General analysis of business risks
Step 2
Preliminary procedures
- Analysis of basic business areas, meetings with middle management
- Identification of key internal controls, testing of their operation
- Participation in stocktaking
- Performing selected reliability tests (based on statistical, targeted sampling, etc.)
- Risk analysis in the scope of taxes (with the participation of tax advisors)
Step 3
Final procedures
- Carrying out other reliability tests (based on sampling)
- Verification of year-end procedures, verification of valuation as of the balance sheet date
- Carrying out cut-off procedures for revenues and costs
- Verification of the statutory reports
- Final procedures (analysis of events after the balance sheet date)
Step 4
Submission of the audit report
- Preparation of a report on the audit work carried out
- Summary meeting with the company management
Review of financial statements
The review of financial statements is carried out in accordance with the International Standards on Review Services. We have also developed our own methodology of conducting audit work based on our experience gained, among others, when working for the largest international audit firms.
The advantage of our services is constant contact with the auditor and the possibility of consulting him/her on any problems and doubts that arise at every stage of the audit of the financial statements.
A series of services performed in four steps from the request to its performance:
Step 1
Planning
- Meetings with key personnel in the company
- Review of statements and reports from previous years
- Getting to know the company's operations, reporting principles
- Analysis of the company's industry and environment
- General analysis of business risks
Step 2
Preliminary procedures
- Analysis of basic business areas, meetings with middle management
- Identification of key internal controls, testing of their operation
Step 3
Final procedures
- Performance of analytical tests
- Verification of year-end procedures, verification of valuation as of the balance sheet date
- Carrying out cut-off procedures for revenues and costs
- Verification of the statutory reports
- Final procedures (analysis of events after the balance sheet date)
Step 4
Submission of the audit report
- Preparation of a report on the audit work carried out
- Summary meeting with the company management
Other services provided by expert auditors
Based on the International Standards on Related Services, we provide specific types of services;
- agreed procedures for financial information
- financial data compilation services
The purpose of the service consisting in carrying out procedures agreed upon is for the expert auditor to perform audit activities, the scope of which has been agreed upon between the expert auditor, the company and relevant third parties and to inform about the actual findings.
The purpose of the compilation service is to use the accounting knowledge of the accountant to collect, classify and summarise financial information. Compilation usually consists in presenting detailed data in a form that is convenient and understandable for the recipient.
Step 1
Detailed agreement on terms and conditions and scope of the order
Step 2
Preliminary procedures
- Detailed analysis of areas and risks associated with the audit procedures
- Analysis of financial data to be compiled
Step 3
Applicable procedures
- Implementation of agreed audit procedures
- Preparation of financial data to be compiled
Step 4
Submission and discussion of results
- Report on the performance of agreed procedures
- Reports on the data compilation (e.g. financial statements)
Services provided under the Commercial Companies Code
We offer our support both as advisors in restructuring processes and as statutory auditors performing audit work in the following areas:
- audit of merger plans
- audit of demerger plans
- audit of transformation plans for correctness and reliability
- audit of the accounts and operations of a limited liability company (sp. z o.o.) at the request of its shareholders
- audit of the founders' report
- valuation of shares subject to compulsory buyout (squeeze-out)
- audit of non-cash contributions in connection with a conditional increase of share capital in a joint-stock company
Step 1
Agreement on the terms of cooperation, formal appointment by the registry court
Step 2
Preliminary procedures
- Analysis of basic business areas
- Identification of key internal controls
- Analysis of business risks
Step 3
Applicable procedures
Depending on the type of service provided, we carry out appropriately selected audit procedures or other activities (analyses, forecasts, etc.)
Step 4
Submission of the audit report
- Preparation of a report/opinion/statement on the audit work performed
- Reports on the data compilation (e.g. financial statements)