AUDIT

1. Statutory audit
We carry out statutory audits for companies obliged to complete an audit, as well as for those who wish to demonstrate their credibility to the public by auditing their results. The output comprises a standard audit report with a statement prescribed by the law and a letter for the management on faults causing significant misrepresentation of the final accounts.

2. Continuous audit
These audits are carried out upon the client’s request once or even more times during the year. The output is a report verifying intermediate economic results.

3. Detailed audit
Detailed audits are carried out as an extraordinary activity with the objective of verifying individual accounting items, usually items exceeding a certain minimum amount, such as all invoiced expenses exceeding CZK 1 million. The output is a report on findings of an audit of accounting for specified items.

4. Control system test
This test assesses the adherence to internal controls or proposes changes. The output is a report on defects of the internal control system and the resulting risks.

5. Non-statutory audit
Non-statutory audits are carried out for those companies that wish to have the state of their accounting verified but do not require official verification of their financial statements or an auditor’s statement. The output is a letter for the management on faults causing significant misrepresentation of the final accounts.

6. Auditor’s opinion
Auditor’s opinions are completed for those clients who require verification of certain selected parts of their accounting for special purposes, for example for preparatory negotiations on the sale of an enterprise or part of it. The output is the auditor’s written statement on the relevant issue.

7. Internal audit
Internal audits are carried out in accordance with regulations on internal audit upon the request of our clients.