Audit

We have a modern approach to auditing, the aim of which is to help you improve accounting processes and reduce potential tax and financial risks.

During the audit, we focus on the existence of internal, especially automatic IT controls existing in your systems, these controls help us achieve the audit objectives with as little administrative burden as possible.

We see the audit primarily as a service to the client, which should help them eliminate unnecessary bureaucracy instead of increasing it.

We perform audits of individual and consolidated financial statements prepared in accordance with Czech accounting legislation and International Accounting Standards IFRS/IAS.

We are statutory auditors, tax advisers, we also have the British ACCA qualification. English is a matter of course for all team members.

We perform the audit in a high-quality, efficient and ethical manner. Confidentiality of the auditor and mutual trust between the auditor and the client is binding for us.

We have extensive experience with large companies in the fields of healthcare, pharmaceuticals, automotive , finance and trade, including Public Interest Entities.

What does AI think about Audit?

A modern financial audit of financial statements focuses on the use of internal controls within companies. Internal control is a process of ensuring that a company has effective, efficient and complete systems for managing risk, securing assets and protecting financial information. A modern financial audit focuses on assessing these controls and evaluating whether these controls are sufficient to minimize financial risks.

The first step in a modern financial audit is an assessment of internal controls. The audit focuses on key aspects of company management, such as financial statements, internal audit, risk management processes and communication with investors and stakeholders. An audit reviews documentation relating to these processes to ensure they are properly documented and followed.

The second step is the evaluation of the effectiveness of internal controls. The audit focuses on evaluating the effectiveness of these controls and assesses whether these controls are sufficient to minimize risks in the area of finance. The audit also benchmarks internal controls against standards and best practices to ensure the company is on par with peers.

The third step of a modern financial audit is performing testing of internal controls. An audit tests internal controls to ensure they are effective and sufficient to minimize risks. An audit also tests internal controls to ensure that they are properly implemented and that they apply to the correct processes and systems.

The fourth step is the assessment of the risk environment. The audit focuses on assessing the risk environment within the company. This step is important to assess what are the key risks that may affect the company’s financial statements. The audit also assesses whether internal controls are sufficient to minimize financial risks.

And we add that an important part of the audit is also the testing of significant accounting transactions and balances. The audit ends with the release of the auditor’s report and a discussion of the risks we discovered during the audit along with recommendations on how to reduce these risks.

Input from clients, employees and third parties

Our company is interested in maximum transparency towards its clients, employees and third parties. For this reason, and in order to comply with legislative requirements, we have a procedure in place to deal with complaints and complaints from our clients, employees and third parties.
You can fill in the form provided and send us any information that you think we should address. The information will be received by a member of our staff who is not directly involved in the execution of orders and will be shared with an appropriate member of our management selected by them, or with management as a whole.