Financial statements are audited in order to prove their accordance with certain standards. The audit certificate informs the interested segments on the accuracy of a company’s reports, respectively on its financial position and on its performances. We can offer the following audit services (a wider ranger of services can be offered upon request):

• Annual financial statements’ auditing, in a Romanian and international system   
• Audit services for companies set up on the capital market with reporting obligations to The National Commission of Movable Values
• Financial reporting services, financial group consolidations
• Assistance in the reassessment of financial situations in accordance with the International Financial Reporting Standards (IFRS)
• Revision of financial statements

The goal of the internal audit is to identify the significant risks related to the activity development and to apply an adequate control system. This way, we can assist you in:

• Consultancy and / or assistance in the set up and implementation of the internal audit procedures
• Externalized internal audit services
• Revision of the internal control implemented by the client
• Verification of the accountancy systems and of the internal control means

FINANCIAL CONSULTANCY

• Management systems’ implementation (by budgets, cost controlling etc.)
• Financial-diagnosis assessment
• Strategic planning
• Cash-flow forecast and financial sources’ identification
• Assistance in the documentation set up when contracting credits 

ACCOUNTING EXPERTISE

• Certification of financial situations
• Financial reports, consolidations
• Set up of treasury flows statements, of own capital modifications statements, of profit and loss account statements, and of balance statements
• Management accounting elements: determination of production costs, set up of the administration discharge method, and assistance in the implementation of the most adequate cost calculation method
• Assistance in case of merger / division / liquidation of companies

TRANSFER PRICES

Together with the need to generate a control of the prices within intra-group transactions, the companies performing transactions with affiliated companies are required to set up files of transfer prices. The goal of these documents is to show the manner of setting the prices of goods or services in the transactions with affiliated persons, as well as to show that these prices have been set in accordance with the market value principle.

By our assessors – members of A.N.E.V.A.R. (The National Romanian Association of Assessors), we offer:

• Company assessment services for merger processes
• Company assessment services
• Assessment-diagnosis services.
   

CONSULTANCY FOR ROMANIAN COMPANIES REGARDING EUROPEAN UNION FINANCING PROGRAMMES 

• Preparation of specific documentation in view of access to European funds; business plan and financing request set up
• Set up of purchase and auction files, of payment requests, and of additional acts for project implementation – upon the customer’s request 
• Assistance of the client in the project implementation
• Provision of management and management of coordinated projects; support in view of managing projects.