Крестън БулМар

The role of the financial audit is to give an independent, true and honest professional opinion on the correctness of a company’s annual financial statements in order to protect the interests of investors, creditors and contractors.

In order to fulfill this role in compliance with the International Auditing Standards we execute a wide range of audit procedures, and thus assess:

• The reliability of the IT systems;

• The running of the business processes;

• The compliance with the legislation;

• The effectiveness of the internal control systems;

• The compliance with the main principles of the relevant accounting standards;

• The due taxes, pursuant to the tax legislation, limited to the audit objectives;

• All the items in the financial statements – including income, expenses, receivables, debts, assets, etc;

• The presence of misappropriation, material errors or frauds;

• The process of closing the accounts at the end of the financial year;

• The compliance of the information in the financial statements with the management report and with any other information provided by the management along with the financial statements.

During each audit we provide individual approach and timely recommendations for improvement of each of the audited elements, and thus we ensure that management, investors and creditors have maximum benefit from our work – namely how to improve the activity of the enterprise.