AUDIT

The oldest, shortest words— “yes” and “no”— are those which require the most thought.

Pitagoras

Benefits from a professionally conducted financial audit. Our office provides audit services performed by statutory auditors assisted by currently employed apprentices. In accordance with our policy we never subcontract any auditing work to auditors not employed in our office or trainees without professional experience.

Financial statements analysis is conducted on the client’s premises. The primary procedure is verifying the accounting documentation and resulting entries.

STATUTORY AUDITS

Our office provides the analysis of both individual and consolidated financial statements drawn up in accordance with Polish Accounting Standards (PAS) and International Accounting Standards (IAS / IFRS). The office has experience in semi-annual and annual surveys performed for individual and consolidated of the WSE listed  capital group.

WORKING WITH CAPITAL GROUP AUDITORS

Our office has experience in drawing up consolidation packages in accordance with the recommendations of the parent companies auditors. We have worked in this aspect with Ernst & Young, PricewaterhouseCoopers, Audihispana and GrantThornton.

AUDIT FOR COURTS

Our office has experience in analysing:

  • Plans of transformation of companies into partnerships vice versa
  • Merger plans
  • Division plans

Our office has performed a number of research studies based on orders of the District Court in Łódź and Warsaw District Court.

TAX AUDIT

Standard analysis procedures remaining in accordance with Polish and international auditing standards do not assign a significant role to tax research. However, our experience shows that tax issues introduce a high level uncertainty in business operations. Unlike many other risks, tax risks are rarely identified and then reduced by Boards and entrepreneurs.

Our office suggests expanding statutory financial statements procedures by tax audit which will provide the opportunity to examine the provisions of tax returns adopted in the company as well as evaluating key transactions, identifying risk areas and proposed ways of their reduction.

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