Audit of the subsidiaries companies of a Group gives assurance if the financial reports of a subsidiary are prepared in accordance with the Group accounting policies. Our service increases the quality of financial information that are used for consolidation of the Group.
Audit of financial statements prepared in accordance with Special Purpose frameworks refers to an audit of financial statements prepared in accordance with a special purpose framework, which is a cash, a tax, a regulatory, a contractual, or another basis of accounting.
Internal Control System (ICS)- Valuation of the effectiveness of the internal control structure of a business organization and determination whether the business policies and activities are followed properly.
Risk Management System (RMS)- An audit of compliance with corporate risk policies and procedures which requires the assessment of the risk management model in order to evaluate whether the principles for effective risk management are achieved.
Compliance Management System (CMS)- An audit of amenability of policies and procedures that are designed to prevent or reduce regulatory violations and provide cost efficiencies, and sound business practices as part of a compliance program.
Examination of the company’s financial records in accordance with the requirements of the Law on Accounting of the Republic of Serbia, the law on Auditing of the Republic of Serbia and International Standards on Auditing applicable in the Republic of Serbia and/or Audit of the financial records which are prepared for statutory purpose in accordance with the full IFRS or IFRS for SMEs.
Companies which are not legally required to perform an audit may choose to enhance the degree of confidence in financial statements by performing the audit. Our risk-based audit approach enables us to give companies detail insight into the effectiveness of their internal controls and procedures, compliance with the applicable policies. Detailed audit approach and flexible management communication gives us fair insight to conclude if the financial statements are prepared in accordance with the local GAAP and/or IFRS.
An effective Compliance management system is a critical component of the structure of an organization which helps the organizations to limit risks to consumers and comply with the consumer financial law. We are here to help you to introduce the best practice Compliance Management System by:
A forensic audit is an examination and evaluation of a firm's or individual's financial records to derive evidence that can be possibly used in a court of law or legal proceeding.Forensic audits require the expertise of accounting and auditing procedures as well as expert knowledge about the legal framework of such an audit.
Our forensic services cover:
Benefits of an audit
Purpose of the audit is to enhance the degree of confidence of intended users of the financial statements.