Audit of financial statements
For more information on the audit of financial statements:
Verification of financial statements performed in accordance with International Standards on Auditing, the Law of the auditors, the auditors' code of ethics and other regulations issued by the Slovak Chamber of Auditors (SKAU).
Obligation to verify accounts of the auditor provides § 19 of the Accountancy Act No. 431/2002, as amended as follows:
Proper individual accounts and extraordinary individual accounts must be verified by an auditor entity,
- is a company limited company except when required to share capital and cooperative, if the date on which the balance
- total assets exceed 1 000 000 euros, while the amount of property means the amount determined by the balance sheet assets in the valuation of raw items under § 26. 3,
- net turnover exceeded 2 000 000 euros, while net turnover for this purpose are the proceeds generated from the sale of products, goods and services and other revenues associated with the normal operation of the entity after deduction of discounts,
- calculated the average number of employees in one accounting period exceeded 30,
- is a joint stock company
- a requirement that a specific rule
- who prepares financial statements according to § 17a.
The independent auditor also verifies compliance with the annual report financial statements. An annual report is required to draw up an entity that has an obligation to verify accounts of the auditor.
The purpose of audit
The purpose is to express the opinion of an independent auditor on the accounts of companies subject to audit by the audit evidence obtained. Due to practical constraints, an audit seeks to provide only reasonable assurance that statements do not contain significant errors.
Audit of the entity would not only be a duty conferred on it by law, but gives particular user accounts assurance that the accounts present a true and fair position and shows the performance of the enterprise. These users are for example. shareholders, partners, as well as tax authorities, banks, suppliers, investors, customers and so on.
Conduct audit
Audited as required by the client, usually in two stages. Continuous auditing is carried out even during the audited year, when we try to eliminate all material weaknesses in accounting and output at this stage is a letter with recommendations regarding the accounting. The second phase is the final audit, which consists in verifying the data reported in financial statements. At this stage, the auditor obtains audit evidence necessary for expressing his opinion.
The Auditor shall perform audits as an independent entity, ie j. pre-audit is necessary to assess their independence and autonomy of other members of the audit team. The audit focused primarily on evaluation of the functioning of the internal control system of an entity, analytical and detail're checking selected financial operations of the entity, check compliance with internal and external regulations applying to the entity. The role of the auditor is to assess the risk of fraud may have occurred in the audited company.
During the year our clients is available and consult the accounting and tax implications of individual economic transactions
Result of audit
The result of the audit of financial statements is the independent auditor's report, which includes an audit in accordance with international auditing standards and report on the annual report of compliance with the financial statements.
Insurance
The Company has entered into insurance against liability for damage caused in the performance of audit activities of € 165,970.
Since the founding of the company there is no claim. It is the result of a quality team of professional auditors and auditors to ensure continuous learning.
Price for the audit
Price is subject to the audit of the audit firm and client.
