Audit Services
Crowe Serbia’s audit services deliver real added value by providing a new and different independent perspective on accounting, financial, tax, and operational matters.
Assurance services
Assurance services are essential to establish credibility and build reputation, critically important assets in the global economy. Assurance provides credibility to financial reports and business information and gives confidence to users and stakeholders who rely on this information.
Our approach to audit is helping our clients manage their growing responsibility, efficiently organise and plan their work throughout the year, increase communication and use technologically advanced solutions.
Agreed upon procedures
Conducting the audit by carrying out procedures of an audit nature to which the auditor and the entity and any appropriate third parties have agreed. The result is a report on factual findings.
Audit of Group reporting package in accordance with the Group accounting policies
Audit of the Group's subsidiary companies gives assurance that financial reports of subsidiaries are prepared in accordance with the Group's accounting policies. Our service increases the quality of financial information that are used for consolidation of the Group.
Audit of incorporation of the company
In the challenging process of establishing and managing a company, our team can support management by performing audit procedures to ensure compliance with all global and local legislative requirements.
Audit of merger / demerger
In response to economic challenges, businesses often undergo organizational transformations. We support the M&A team by performing audit procedures, including the examination of accounting records for companies involved in mergers or demergers.
Audit of non-profit organizations
Auditing a non-profit organization's financial records ensures compliance with the organization's non-profit principles and the fair presentation of its financial statements.
Audit of received Funds resources
Audit of financial statements prepared in accordance with Special Purpose frameworks refers to audit of cash, tax, regulatory, contractual, or another basis of accounting.
Audit of the capital increase / reduction
Our work involves verifying related transactions and the methods used to determine the issue price of equity securities or the reduction of an entity’s capital.
Audits of the Internal Control System (ICS), Risk Management System (RMS) and/or the Compliance Management Systems (CMS)
Internal Control System (ICS) – Assessment of the effectiveness of a business organization’s internal control structure and evaluation of compliance with established policies and procedures.
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, as well as sound business practices, as part of compliance program.
Internal audit
We can assist you in designing and evaluating your company's internal control system, optimizing accounting processes, and managing risks associated with internal and external business factors.
Limited assurance services - review (in accordance with local GAAP and/or IFRS)
An evaluation of financial records that involves less detailed procedures than an audit, focusing more on inquiries with management and staff and on analytical reviews rather than on verifying account balances.
Obligatory ("Statutory") audit in accordance with local GAAP and/or IFRS
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.
Special consideration audit of a single financial statement and specific elements, accounts or items of a financial statements
This service provides an examination of a single financial statement or specific components, such as individual accounts or elements within a financial statement. The objective is to assess the accuracy, completeness, and compliance of the selected information with the applicable financial reporting framework, offering stakeholders greater assurance over particular areas of financial reporting.
Voluntary audit in accordance with the local GAAP and/or IFRS
Companies that are not legally required to undergo an audit may still choose to enhance confidence in their financial statements by voluntarily conducting one. Our risk-based audit approach provides companies with detailed insights into the effectiveness of their internal controls, procedures, and compliance with applicable policies. Through a thorough audit methodology and flexible communication with management, we are able to fairly assess whether the financial statements are prepared in accordance with local GAAP and/or IFRS standards.
Corporate Governance and Compliance
Strong corporate governance and effective compliance frameworks are the foundation of sustainable business success. Our experts help organizations establish transparent management structures, align internal policies with regulatory requirements, and ensure ethical business practices at every level.
Through tailored solutions, we support clients in developing governance models that enhance accountability, mitigate risk, and foster stakeholder trust. From policy design and implementation to compliance monitoring and reporting, we help your business operate with integrity and confidence in an increasingly complex regulatory environment.
Development of a Compliance Management System
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:
- Designing the policies and procedures
- Assist in realization of recommendation
- Optimization of the Compliance Management System
- Development of control procedures and communication processes
Fraud Investigation and Forensic Audit
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:
- Forensic special investigations
- Forensic data analyses
- Recommendations for the optimisation of your organisation
- Implementation of preventative measure and control system
Our Audit Process
Our audit process adds value by offering fresh insights into your accounting practices, financial reporting, tax compliance, and operational efficiencies, helping you address key challenges and improve overall performance.
Benefits of an audit
Purpose of the audit is to enhance the degree of confidence of intended users of the financial statements:
- Provides higher quality information and reliability, which improves the
reputation of an organisation. - Provides independent scrutiny and verification that is valuable to the
management. - Reduces the risk of the management bias, fraud and error by acting
as a deterrent. - Enhances the credibility of the financial statements, e.g. for tax
authorities or lenders. - Deficiency in internal control system may be highlighted by the auditor.
Work with us
We provide the expertise you need to grow, control, defend, and, if necessary, restructure your assets.
