Services

For its clients, Senior Audit Services provides individual and consolidated audit services under the observance of the International Standards on Auditing and of the Guidelines developed by the Chamber of Financial Auditors of Romania.

Under certain circumstances, our clients from other countries require the conversion of financial statements in a familiar format, in accordance with the accounting and audit principles of the respective countries. In order to meet the requirements of our clients, Senior Audit Services provides financial reports as well as conversions of financial statements, while offering additional clarifications and information.

In terms of internal audit, Senior Audit Services offers solutions for the optimization of financial reports and for reducing the risk of fraud.

Our team performs a thorough check of the accounting systems, financial analyses, Due Diligence studies (financial investigations) and offers accounting consultancy.

Audit services include::

• Internal audit
• Financial audit

Purpose of the internal audit::

• company's activity check, specifically the observance of policies, programs and management, in accordance with the legal provisions in force;
• adequacy evaluation of financial and non-financial audits required by the company's management, as well as in how far these are applied for increasing the efficiency of the economic activity;
• adequacy evaluation of financial and non-financial information delivered to the company's management, for the assertion of realities within the respective organization;
• protection of balance and non-balance sheet company assets and identification of methods to prevent fraud or losses of any kind.

The financial audit is the activity performed with a view to express an opinion on financial situations or components of such situations, the exercise of other assurance missions as well as professional services in accordance with the International Standards on Auditing and of other Guidelines agreed by the Chamber of Financial Auditors of Romania.

Specific financial audit activities::

• evaluation of the system recording and processing the transactions of the audited company;
• evaluation of how information required for the achievement of yearly financial reports can be delivered;
• evaluation of the internal control system.