Audit Accounting Tax and Advisory services
Accounting is an essential part of an organization’s day-to-day operations — a fundamental element of its business journey. Our specialists know exactly what to do to ensure that this journey is smooth, successful, easy to manage, highly predictable, and supportive of the long-term sustainable growth of your business.
Audit of Financial Statements
The audit of financial statements is an independent examination of a company’s, institution’s, or organization’s financial statements or consolidated financial statements, followed by the issuance of an opinion indicating whether the financial statements (or consolidated financial statements) present, in all material respects, a true and fair view of the entity’s financial position, performance results, and cash flows.
Audifina’s audit client portfolio includes companies and corporate groups of both Lithuanian and foreign capital from various economic sectors. The audit of financial statements is performed in accordance with International Standards on Auditing (ISA).
Agreed-Upon Procedures
When engaged to perform agreed-upon procedures, the auditor undertakes to carry out the specific audit-type procedures agreed upon between the auditor and the company, and to provide a report of the factual findings. The recipients of the report must draw their own conclusions based on the auditor’s findings. The report is intended solely for the parties who agreed to the procedures.
This service is most commonly chosen by companies that are not required to undergo a statutory audit or that have specific tasks which do not require a full audit of financial statements.
Jolanta Ruzgienė
jolanta.ruzgiene@audifina.lt
Assessment of Reorganisation Terms
During the assessment of reorganisation terms, we determine and evaluate the share exchange ratio and the validity and reliability of the methods used to calculate this ratio, assess the justification of the company’s fair value determination, and carry out other required valuation tasks.
Evaluation of Business-as-a-Going-Concern Sale Agreements
The evaluation of business-as-a-going-concern sale agreements is a limited-scope review. During this process, the lists of assets and liabilities transferred under the share purchase agreement are compared with the records in the general ledger and the fixed asset register. The sale price of the assets and liabilities transferred under the share purchase agreement is compared with their carrying amounts recorded in the general ledger and the fixed asset register. Upon completion of the review, an appropriate expert assessment is provided.
Internal Audit
We provide top-quality internal audit services (governance audit, operational audit, AML, GDPR), performed by our certified auditors and experts who systematically and comprehensively assess your company’s risk management and internal control, as well as operational efficiency, economy, and effectiveness.
We have extensive experience performing mandatory internal audit functions in FinTech companies (electronic money and payment institutions).
The expertise of our specialists and certified internal auditors enables us to offer valuable consulting services, helping clients establish an effective internal control system and improve operational processes.
Audit of EU-Funded Projects
This service is performed by highly qualified auditors and is required when applying for European Union (EU) support or funding from national financial institutions. Our experts have many years of experience auditing EU-funded projects and subsidies, continuously expanding and updating their knowledge and enhancing their qualifications in the field of funding program audits.
Other Assurance Services
These are services performed in accordance with International Standard on Assurance Engagements (ISAE) 3000, “Assurance Engagements Other than Audits or Reviews of Historical Financial Information.”
Have questions? Contact us and we will provide you with the necessary consultation.
