A successful business is always in compliance with local
legislation and transparency politics:
audit represents the implementation of methodology, the assurance of constant
support and search for optimal solutions.
Crowe Romania has the strong belief that a
fair and complete audit is based on the detailed knowledge of the company’s activity.
Moreover, team vision and expertise provides the security of undertaking all of
the audit-specific activities in any sector, including financial institutions
and listed companies.
Each project is coordinated with the energy and knowledge gathered in years of activity. They
stand and certify the integrated consulting services and extraordinary
operations available for customers, such
as M&A and Due Diligence for the acquisition, sale or new investments.
Statutory audit on the basis of legal criteria ensures
an analysis of the individual or consolidated annual financial statements
performed in accordance with international auditing standards. The report is
carried out by an impartial financial auditor that analyzes the client's
financial position according to audit guidelines.
Financial reporting relates to the financial situation
and flow of equity and client means during the reporting period. They contain
information about the assets and liabilities of the enterprise, net profit and
cash flow. Reviews can be done annually or periodically and are designed to measure
the ability of the company to pay dividends, interest rates, pay off debts
within the established deadlines.
Accounting reviews are based on the indicators
determined from the annual financial statements of the previous financial year,
namely the completed trial balance at the end of the previous financial year.
Internal audit is carried out through a methodic and
organised process, aimed for control and
management processes improvements, in different periods of time. It pursues,
among others, the existence of dissimilarities between different levels of the
organization and the existence of certain things that discourage people from
working better. The purpose of internal audit is to help the company meet its
business objectives with a systematic and disciplined approach.
Due diligence involves investigating, examining, and
analyzing information about an investment, business partnership, acquisition or
takeover, before they occur. This type of expertise has the role of
highlighting the strengths and weaknesses of the company, as well as the risks
related to the acquisition or the public offer.
The audit mission on agreed procedures involves the accordance
with the International Standard on Related Services (ISRS 4400), between the
client and other beneficiary parties. Agreed procedures bring benefits to
information credibility provided to third parties, such as banks, regulatory
agencies, potential investors or buyers.
Standard Audits - IFRS