We provide audit services in the following areas:
- examination of individual and consolidated financial statements prepared on the basis of Polish accounting principles
- examination of individual and consolidated financial statements prepared on the basis of International Financial Reporting Standards
- group reporting packages for consolidations within international capital groups, prepared on the basis of international regulations and group accounting principles
- Due Diligence reports accompanying transactions such as mergers & acquisitions and related transactions.
Audits and reviews of financial statements
Audit services are specifically dedicated to entities required to audit financial statements based on the regulations of the Polish Accounting Act, as well as corporate requirements.
Drawing on the extensive experience of Russell Bedford International, we offer high-quality professional services for auditing and review of financial statements, including:
- examination of individual and consolidated financial statements prepared on the basis of Polish accounting principles
- examination of individual and consolidated financial statements prepared on the basis of International Financial Reporting Standards
- group reporting packages for consolidations within international capital groups, prepared on the basis of international regulations and group accounting principles
- Due Diligence reports accompanying transactions such as mergers & acquisitions and related transactions.
As part of the work performed, we conduct a review of internal control systems and document management systems. As a result of the audit procedures, upon completion of the work, we present to the Management and owners a report containing recommendations regarding i.a.:
- improvements in business processes in financial areas
- improvements in internal control systems
- optimization of tax settlements
- more efficient organization of accounting systems.
Financial reporting
We provide financial reporting advisory services primarily aimed at entities that require support in closing reporting periods and preparing periodic financial statements and group consolidation packages, due to a temporary or lasting lack of adequate competencies or resources.
We provide financial reporting advisory services primarily aimed at entities that require support in closing reporting periods and preparing periodic financial statements and group consolidation packages, due to a temporary or lasting lack of adequate competencies or resources. We also invite listed companies and businesses preparing for a debut or listed on the New Connect market to use our services.
As part of our financial reporting services, we offer professional assistance and support in the preparation of:
- Financial statements (including for entities prior to the first audit)
- Group reporting and consolidation packages
- Stock exchange reports - quarterly, semi-annual and annual
- Consolidation process and preparation of consolidated financial statements
- Financial statements related to the liquidation process (i.e. for the opening and closing of liquidation)
We also participate in the process of introducing securities to public trading, ensuring in particular:
- Advice on the preparation of information memorandums for companies applying for listing on the New Connect market
- Preparation of the financial part of prospectuses for listed entities
In addition, we offer:
- Assistance in preparing for the closing of reporting periods
- Ongoing financial and accounting advice in the settlement of unusual transactions
Certification services
Certification regarding the accuracy of forecasted financial information improves the credibility of prepared business plans, forecasts for potential investors as well as forecasts provided in prospectuses and information memoranda of companies debuting on stock markets.
Certification services within the agreed framework are becoming increasingly popular among managers and owners of companies. Agreed procedures, developed in a completely individualized manner in active cooperation with the Client, allow i.a. for the verification of selected elements of the financial report, as well as the effectiveness of document management and internal controls. The main advantage of attested services within the agreed framework is the possibility of flexible desing, resulting from the adaptation to the needs and requirements of a given entity or report recipient..
As part of our audit and certification services, other than audits and reviews, we provide:
- Agreed upon Procedures (AUP) services performed on the basis of International Standard for Related Services 4400 (ISRS 4400)
- verification of forecasted financial information on the basis of International Standard for Related Services 3400 (ISRS 3400).
The freedom to design the procedures makes it possible to check with greater or lesser detail than that used during the audit of financial statements. It also makes it possible to perform verification of certain data. Certification on the accuracy of projected financial information improves the reliability of prepared business plans, forecasts for potential investors as well as forecasts given in prospectuses and information memoranda of companies debuting on the stock markets that would not be subject to verification during standard audits and reviews. A typical example is the data of the company's contractors and suppliers, which is not available to the entity on a daily basis. When such data is sensitive, an auditor operating under conditions of independence and public trust is the only potential alternative.
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Contact Us:
Grzegorz Błaszkowski
Managing Partner
phone: 22 276 61 80
email: This email address is being protected from spambots. You need JavaScript enabled to view it.
