Book keeping is an art of identifying, approving, sorting and recording company’s financial transactions in a custom that they can be retrieved and presented higher management reporting.
- Accounts Receivable/Accounts Payable services
- Bank account reconciliation
- Invoicing Processing Services
- Manual Journal Entry Services
- General ledger maintenance
- Expenses ledger maintenance
- Preparing ageing reports & summaries
- Preparing financial statements
- Trial balance services / preparing Income Statements
Auditing involves the audit of the financial statements during the year.
- Financial Statements Audit
- Completion Audits
- Report on Internal Controls
- Review Report
- Agreed Upon Procedures
- Compliance Audit
- Audit of Prospective Financial Information
- Financial Statements Reviews
- Due Diligence
- Cost Verification
- IFRS Application
Financial Statements Audit: involves the audit of the financial statements during the year.
Completion Audits: Provides assurance around specific financial measures of an entity being bought or sold.
Report on Internal Controls: Consists of reasonable or limited assurance engagements to provide an independent conclusion on internal controls conducted at a client’s request.
Review Report: Expresses a moderate assurance conclusion on financial information where a full scope audit is not required.
Agreed Upon Procedures: Performs procedures agreed between an entity and a third party to produce factual findings about financial information or operational processes.
Compliance Audit: Provides assurance on an entity’s compliance with legal or contractual obligation e.g. loan covenants, donor’s funding conditions.
Audit of Prospective Financial Information: Covers the potential consequences of possible future events and actions. It is future oriented and therefore speculative.
Due Diligence: the detailed examination of a company or organization and its financial records, done before becoming involved in any business arrangement or relationship.
Cost verification: As auditors, we audit appropriately spent funds in accordance with the contract between the donor and the beneficiary, contributing to a higher degree of trust between the donor and the beneficiary.
IFRS application: If you have any dilemmas when it comes to applying financial reporting standards, we can fully support you in understanding, training, and implementation, regarding the entity’s obligation to comply with International Accounting Standards and International Financial Reporting Standards in accordance with the Law on Accounting.