We provide independent audit services in cooperation with our long-term business partners certified auditors
Internal independent audit, target audit
Our specialists conduct a pro-active audit of the company, taking into account the specifics of your accounting practices and business operations.
It is usually carried out by decision of the company’s management, founder, or partner (potential investors, new founders, change of accountant, etc.). In the process of the audit, we assess: the level of organization of accounting and internal controls, qualification of accounting personnel, quality of document workflows, processing of documentation, we also provide recommendations for eliminating shortcomings and violations.
Mandatory audit
Mandatory audit - an annual mandatory audit of accounting and financial (accounting) reporting, revision of the annual financial report. High-quality mandatory audit can be provided only by experienced and highly qualified certified auditors.
Annual reports of companies are subject to mandatory audit, if certain criteria are met. Criteria for mandatory audit for small enterprises in Latvia-
If two of the following are met:
- Annual turnover 800 000 eur,
- Currency balance 400 000 eur,
- Number of employees is more than 25.
But as the business develops, the attitude towards mandatory audit as a duty is changing. If your company meets the criteria for an audit, your business has reached a new development level.
Successfully conducting an audit is a kind of “quality mark” showing suppliers and buyers, investors and creditors, and other interested parties that your company has a well-functioning accounting system, you can trust key performance indicators, budget calculations are carried out correctly and there is no risk of conflict with fiscal authorities.
The purpose of an independent audit is to confirm the reliability of financial statements and to identify shortcomings in accounting.
Contact us to order an audit or independent review of your accounting statements.