- Audit of annual and consolidated financial statements
Our company’s main profile is the auditing of individual and consolidated financial statements prepared in accordance with Act on Accountancy With our highly qualified, experienced, and helpful employees, we can ensure that the parties who inspect the financial statements (creditors, owners, employees, customers, potential investors) get a true and fair view of the equity and financial position and of the result of the operation of the audited company.
- Auditing financial statements prepared in accordance with the IFRS
Due to the globalisation of the economic processes, financial statements that have been prepared in accordance with the International Financial Reporting Standards ( IFRS) have become more widespread. The dynamically developing operations of our company also include the auditing of financial statements prepared in accordance with the above mentioned standards.
- Auditing financial statements prepared in accordance with the HGB
Companies having mainly German owners require the auditing of their financial statements prepared in accordance with the German Commercial Code (HGB). Building upon our extensive experiences, we can provide special assistance to our clients with such audits as well.
- Auditing financial statements prepared in accordance with the US GAAP
For companies listed on the stock exchange in the United States of America, it is compulsory to prepare and have their financial statements audited in accordance with the provisions of the so-called US-GAAP (United States Generally Accepted Accounting Principles). With the help of BDO’s highly qualified employees, we can also provide outstanding audit service in accordance with the generally accepted accounting principles of the USA (US GAAP) as well.
- Sarbanes-Oxley audit
The name Sarbanes-Oxley (SOX) in short refers to an act which was named after its sponsors (Senator Paul Sarbanes and Representative Michael Oxley). The purpose of the Act is the restoration of the confidence shaken by the financial scandals that came to light in the first years of the twenty-first century, by reviewing the internal control processes. The management of the companies listed on the stock exchanges in the United States must investigate the efficiency of the internal control systems and disclose the results of the investigation. The auditor should declare that his audit activity covered the review of the internal control systems as well.
- Auditing credit institutions, insurance companies, financial enterprises, and investment funds
The operation of credit institutions, insurance companies, financial enterprises, and investment funds are regulated – in addition to the Act on accountancy – by a number of special laws. The expertise of our employees having special knowledge of the sector guarantees that we can express an opinion with reasonable assurance regarding the financial statements of such institutions as well.
- Auditing statements of assets and liabilities prepared upon transformation
Taking into account the rules of independence, we undertake the auditing of draft and final statements of assets and liabilities that are prepared in connection with transformations (merger, fusion, separation, splitting, transformation into another form of business) and the supporting of the transformation process.
- Due diligence of companies
It is a major interest of future investors to have a clear understanding of the hidden risks of investments. In the course of the due diligence process, we reveal the weak points of company management, as well as the liabilities and tax risks, by which we help potential investors with making well founded decisions.
- Compilation of directives for balance sheet preparation and evaluation for concerns
There comes the time in the life of a growing enterprise when it establishes new subsidiaries or makes acquisitions. According to the provisions of the Act on Accountancy, parent companies must prepare consolidated financial statements in the case of the existence of certain conditions. It is a condition of the preparation of consolidated financial statements that the subsidiaries apply uniform principles for the preparation of their balance sheets and for evaluation. With the help of our Company, our clients can set up an adequate, accurate, and efficient system which facilitates the preparation of the consolidated financial statements free of any problems.
- Evaluation of contributions in kind
When members make contributions in kind, business companies must engage an expert to review the value of the contributions in kind, which is performed by our employees who have an extensive knowledge.
- Preparation of the accounting regulations
In accordance with the provisions of the Act on Accountancy, business companies must prepare an accounting policy and the related regulations that contain the principles specified by law, with which our experienced staff will readily provide assistance.
- Internal control tasks
- Audit work required by authorities
We perform audit work not only on the basis of engagement by owners, but also on the basis of those by various authorities. Such audit works include – among others – the reviewing of grants by the European Union, and audits requested by investment banks following the granting of credit.
- Due diligence of companies
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