Financial review and audits involve analyzing a company’s financial transactions to identify inconsistencies or risks. We review accounting records, tax returns, and compliance with international standards such as IFRS or GAAP.
First and foremost, an audit is a procedure aimed at confirming the transparency of your business and ensuring the transparency of financial processes for the regulator. Violations in the audit can lead to irreparable consequences and reduce your years of work to nothing.
However, we will help you conduct a clear audit and optimize internal procedures to reduce legal risks.
Service 1: Conducting a company audit
Conducting a company audit is an important step in ensuring the financial and legal stability of your business. The audit includes:
–Assessment of compliance with financial statements: verification of the accuracy and transparency of accounting data.
–Identification of risks: identifying possible violations or ineffective practices that could lead to legal and financial problems.
–Improvement of internal processes: recommendations for optimizing and increasing the efficiency of financial procedures.
–Transparency for investors: an audit increases trust in the company and makes it more attractive to potential investors.
What is included in the service?
–Legal audit: analysis of constituent documents and contracts for compliance with the law.
–Financial audit: review of financial statements, transactions, and tax documentation.
–Risk assessment: identification of financial and legal threats with recommendations for their elimination.
Successful cases:
- Audit before attracting an investor
Situation: An IT company was planning to attract investments to scale its business, but investors required confirmation of the transparency of its financial activities and compliance with legal documents.
Our solution:
– We audited the financial statements in accordance with international standards.
– We reviewed key contracts for compliance with legal requirements.
– Provided recommendations to eliminate risks and improve financial processes.
Result: The company successfully raised funds for investment on terms that facilitated rapid business development.
- Audit to resolve a conflict with counterparties
Situation: The company faced claims from its counterparty due to delays in fulfilling obligations and discrepancies in financial settlements.
Our solution:
– We analyzed the contract terms and supporting documentation.
– We identified errors in accounting processes that caused the dispute.
– We developed a legal strategy to protect the company’s interests.
Result: The conflict was settled, the contractual relationship was preserved, and the company avoided additional costs of litigation.
- Audit before preparing for international expansion
Situation: A company was preparing to enter the international market and needed to confirm that its financial statements complied with international standards.
Our solution:
– We audited the accounting policies and financial statements in accordance with IFRS.
– We identified discrepancies with international standards and provided recommendations for their elimination.
– We prepared the company for audits by international partners.
Result: The company successfully entered a new market, signed its first contracts and gained a positive reputation among international partners.
Guarantee the stability of your business! Order an audit today to ensure legal and financial transparency and prepare for future challenges.
Do not postpone the audit until tomorrow – contact us today to strengthen your business and be ready for new challenges!
Service 2: Assessment of the company’s financial activities in accordance with national legislation
Assessment of the company’s financial performance includes a comprehensive review of financial statements, including the balance sheet and income statement, to identify possible inaccuracies or violations.
This allows us to assess the compliance of the company’s financial activities with national and international standards, such as IFRS or GAAP. The assessment results in detailed recommendations for improving financial processes, reducing risks and increasing transparency for investors and other stakeholders.
The assessment of the company’s financial performance in accordance with national legislation includes:
- Verification of compliance of financial statements with legal requirements:
– Analysis of accounting documentation.
– Verification of compliance with national accounting standards.
– Identification of inconsistencies in financial statements.
- Analysis of tax liabilities:
– Assessment of the correctness of tax calculation and payment.
– Identification of tax risks and recommendations for their elimination.
– Analysis of benefits and opportunities for tax optimization.
- Verification of compliance with financial obligations:
– Analysis of the fulfillment of the terms of contracts with counterparties.
– Checking the timeliness of payments to creditors and partners.
– Assessment of debt and its impact on financial stability.
- Preparation of conclusions and recommendations:
– Identification of weaknesses in the financial statements.
– Developing measures to comply with local and counterparty legislation.
Successful cases:
- Assessment of financial activities before a tax audit
Situation: A trading company faced a tax audit and needed to assess its financial performance to avoid fines for possible violations.
Our solution:
– We conducted a comprehensive analysis of financial statements for compliance with national accounting standards.
– We assessed the correctness of tax calculation and identified potential tax risks.
– We developed a plan to eliminate inconsistencies and optimize tax liabilities.
Result: The company passed the audit without penalties and improved its tax policy, which allowed it to optimize its tax policy and reduce tax expenses.
- Assessment of financial performance before entering into a transaction
Situation: A company was planning to enter into a transaction with an international partner, which required confirmation of its financial stability and transparency.
Our solution:
– We conducted an in-depth review of the company’s financial statements, including debt analysis and fulfillment of financial obligations.
– We assessed the compliance of internal processes with national accounting standards.
– Provided recommendations for improving cash management and optimizing financial operations.
Result: The transaction was concluded, the company demonstrated its financial stability and gained greater benefits from the partnership.
- Financial risk assessment in connection with an internal reorganization
Situation: A company that was undergoing an internal reorganization needed to assess financial risks and possible violations in connection with the new operating environment.
Our solution:
– We assessed the financial statements and fulfillment of obligations to creditors and counterparties.
– Identified risks that could arise as a result of the reorganization and affect financial stability.
– We developed measures to optimize financial processes and mitigate risks.
Result: The company went through the reorganization process, maintaining financial stability and minimizing risks for future contracts and counterparties.
Ensure the stability and transparency of your company! Contact us to get a professional assessment of your financial activities and minimize the risks associated with violation of national legislation.
Our top 3 requests:
- Verification of financial activities before attracting investors or M&A transactions:
Are you preparing to attract investments or planning a merger/acquisition? We will conduct a detailed analysis of your company’s financial activities, identify possible risks and provide recommendations that will increase its investment attractiveness.
- Assessment of financial statements to minimize tax risks:
Do you want to make sure that your financial statements are in compliance with the law? We will conduct an in-depth audit, identify the risks of tax or financial violations and offer effective solutions to avoid them.
- Checking the fulfillment of financial obligations for business stability:
Do you have doubts about the fulfillment of contractual terms or debts? We evaluate all obligations to counterparties, including analysis of contracts, due diligence of partners, possible risks associated with partners, to help maintain financial stability and avoid conflicts in the future.
Contact us to get a quality assessment of your company’s financial activities and minimize the risks associated with non-compliance with legal requirements.
Service 3: Assessment of the accuracy and compliance of accounting with international standards (IFRS, GAAP)
Assessing the accuracy and compliance of accounting with international standards (IFRS, GAAP) includes several stages to ensure the accuracy and transparency of your company’s financial statements. Here is a step-by-step assessment:
- Analysis of accounting policies and practices:
Existing accounting policies and their compliance with international standards are examined. It assesses how the company accounts for income, expenses, assets and liabilities.
- Verification of compliance with financial statements:
Financial statements (balance sheet, income statement) are audited for compliance with IFRS or GAAP. The correct classification of assets and liabilities, methods of income accrual are checked.
- Identification of discrepancies:
Identify errors or inconsistencies in the application of standards, such as incorrectly recorded transactions or lack of disclosures.
- Assessment of the impact on financial results:
Assesses how errors may affect the company’s financial performance and results.
- Recommendations for correction:
Provides recommendations for correcting identified errors, changing accounting methods, or adjusting financial statements to meet internationally and locally established standards.
- Implementation of changes:
Assist in implementing changes, training staff and updating internal procedures to ensure compliance.
- Monitoring and auditing:
Regular monitoring and auditing of financial statements to ensure continued compliance with international standards.
This process ensures that your financial statements meet international requirements, increasing investor and creditor confidence.
Our successful cases:
- Assessment of financial statements for an international company before entering the stock market
Situation: A technology company was planning to enter the international stock market and required a review of its financial statements for compliance with IFRS standards to attract investment.
Our solution:
– We conducted an audit of the financial statements, including the balance sheet and income statement, to ensure compliance with IFRS.
– We identified discrepancies in the classification of assets and liabilities.
– Provided recommendations for adjusting the financial statements to meet the requirements.
Result: The company successfully obtained permission for an initial public offering (IPO), attracting $50 million in investments, thanks to properly prepared financial documentation.
- Correcting accounting for an international manufacturer after discrepancies were discovered
Situation: An international manufacturer faced discrepancies in its financial statements that violated GAAP standards, which could have negatively impacted its relationships with investors and partners.
Our solution:
– We reviewed the company’s accounting policies and practices.
– We identified errors in the methods of revenue accrual and liability accounting.
– We developed corrective measures, including changes in accounting methods, to bring the company’s reporting in line with GAAP.
Result: After implementing the changes, the company received confirmation of GAAP compliance, which helped strengthen investor confidence and avoid potential sanctions from regulators.
Avoiding potential risks associated with audits and reporting is our competence. We will help you set up your business transparently and attract the right investors for everyone!
