Changeover to international financial reporting standards (IFRS) enables entering into international market, strengthening investment attractiveness of a company, borrowing from foreign banks, listing a company on the stock exchange and many other things that one can gain having one’s financial statements in accordance with the worldwide standards.
Audit objective is to express a professional opinion on the accuracy and reliability of financial statements under IFRS in all material respects.
To validate our conclusions we use a number of tests and procedures for checking reliability and sufficiency of accounting information, state of internal control.
An auditee organization is obliged to send letters to banks, debtors and creditors regarding acknowledgment of indebtedness according to the list we made.
Performing an audit of financial statements prepared in accordance with IFRS we are guided by International Standards on Auditing (ISA).
For subsidiaries owned by foreign investors we conduct an audit of consolidation packages (audit of financial statements in the interest of the parent company).