Audit

An audit is an independent inspection of an organization’s accounts (financial reports). The aim of this inspection is for the auditors to give their opinion as to the accuracy of the accounts (financial reporting).

The services offered by our bureau include:

Mandatory audit according to the legislation.

An audit may be conducted on the initiative of a company’s directors or founders, for example, to identify errors in accountancy practices, or to analyse the executive body’s activities, or when the director or chief accountant is replaced.

Tax audits are conducted in order to assess whether taxes have been correctly calculated and paid, and whether the associated tax risks have been dealt with. The need for a tax audit is largely determined by the frequently changing tax legislation and the ways in which it is applied. The main objectives of a tax audit are to provide warning of sanctions that may be imposed for breaching the tax legislation, and to try to find potential savings in order to optimize tax payments.

A due diligence review of bookkeeping, tax accounting, and financial reporting is generally carried out prior to the acquisition of a business, in order to form an accurate view of the investment target. The due diligence procedures carried out by our bureau include a comprehensive study of the financial and business activity of the investment target, and an assessment of the financial and tax risks.