Audit and Assurance

• Audit, review, agreed-upon procedures of the stand-alone and consolidated financial statements prepared in accordance with IFRS;
• Support of the work with the financial statements during the work with investment banks, rating agencies, lenders, investors and other interested parties;
• A standard audit on the basis of national regulations, the transformation of all kinds of reports drawn up on the basis of national standards in the reports that fully comply with the basic rules of IFRS.

In addition to the statutory audit services, which must pass all public companies, companies that issue bonds, certificates for the funds, securities and derivatives, and other companies, we also provide services of optional audit - a tax audit, the audit of the business model, which is expected to be purchased, inventory audit, special audit, etc.

Contact us with your question - and we will find a solution for it!

Audit of financial statements prepared in accordance with International Financial Reporting Standards, aims to study the adequacy of reflection of the financial condition of the company for the year in the reporting package, as well as operating results and cash flows for the period in accordance with international standards and the requirements of the financial markets.

Transparent business and trustful reporting is a goal that is tried to be achieved by all financial responsible companies.

Our experts will help you solve these issues! During the audit, we use different test procedures, which include both internationally recognized and our own developments, which are customized to the requirements of the Ukrainian market and various sectors of the economy.

We offer you a qualified work performed for the prosperity of your business.

Crowe A&A Ukraine and Crowe Erfolg Ukraine  provide services to corporate directors and other services related to the representation of the interests of our clients

We offer our customers high quality services, which are based on a deep understanding of the business environment and realize the unique experience of our specialists. Our expertise is based on participation in teams that make funding available by issuing of bonds, IPO and private placement. Our partners in Luxembourg have the highest recognition among tax authorities, as well as a good working relationship with the local goverment representatives

Our extensive experience in projects related to the consolidation with complex structure of ownership rights, as well as the engagements of transition of financial accounting to the "fast close" - will greatly facilitate your efforts towards the IPO.

International recognition is the proof of the quality of our work.

Review of financial statements – enabling an auditor to state whether, on the basis of procedures which do not provide all the evidence that would be required in an audit, anything has come to the auditor’s attention that causes the auditor to believe that the financial statements are not prepared, in all material respects, in accordance with an identified financial reporting framework. 

A review provides a moderate level of assurance that the information subject to review is free of material misstatement; this is expressed in the form of negative assurance. 

Review of financial statements services include: 

• Review of financial statements prepared in accordance with National accounting standards;
• Review of financial statements prepared in accordance with IFRS-IAS;
• Review of financial statements prepared in accordance with US GAAP.                                                                                               
  
  
  Tax audit is an independent verification of accounting  and taxation systems of company in respect of:
   
  • Calculation and payments of taxes and fees for a certain period of time
  • State payments to the budget and extrabudgetary funds,
  • Compliance of accounting and tax systems with requirements of the law.
  • At the same time becoming more popular comprehensive tax audit.
  • Correctness of the tax base for each tax
  • A competent tax audit will help you avoid tax risks and liability in the form of fines and penalties.

     

    The reasons for this is simple – regulation of taxation is provided through the thousands of laws and regulations in which the accountant often has no opportunity to sort it out due to a chronic lack of time.

    Crowe A&A Ukraine and Crowe Erfolg Ukraine team offer carrying out a comprehensive, in-depth tax review, quick diagnosis, which may include the audit of certain taxes or fees. During the checking  we will pursue tax, legal, and if necessary, personnel audit, according to the methods and principles of tax audits of the State Tax Authority. We also analyze the judicial practice in tax charges and audit reporting.

    In the process of the tax audit we will identify:

    • All possible violations related to the wrong accrual of tax liabilities;
    • Erroneous accounting methods.

    As the results of the tax review we provide client with a confidential report including notes in respect of compliance of tax reporting with Ukrainian frameworks in all material aspects. It will contain:

    1. reliable data on the tax risks and the actual condition of the company  tax problems;
    2. predicted consequences for the company and management;
    3. possible fines and penalties, the amount of additional taxes that will be accrued after the tax authorities checking.

     

    In case of any violations in the accounting and taxation, identified during the audit, the team of Crowe A&A Ukraine and Crowe Erfolg Ukraine provides advice under the laws of Ukraine aimed to fix mistakes, assists in the preparation of specified declarations. Qualified tax advice on any matter related to taxation – always at your disposal.

    Internal audit allows management to objectively assess the current situation in the process of decision-making and provides guidance of improving business processes. Internal audit optimizes the management of the company's risk.

    We provide our clients with:

    • Full range of internal audit services for outsourcing which includes the transfer of the functions, powers and responsibilities.
    • Partial outsourcing as an audit of specific issues agreed with the customer, including the participation of the client’s internal audit staff.

    This kind of services will be interesting for companies’ totally different levels and fields of activity.

    We can offer you:

    • saving your resources on the installation of internal audit department at your company;
    • audit of particular areas;
    • involvement of the additional audit resources during peak periods of your audit staff work;
    • ability to use the services of experts in various fields;
    • access the advanced technologies and methodologies for internal audits.

    Crowe A&A Ukraine and Crowe Erfolg Ukraine offers you a comprehensive cooperation in all financial matters, the professionalism in their solution, through which you will make effective and consistent decisions on the future of your business.

    Agreed-upon procedures engagement – carrying out procedures of an audit nature to which the auditor and the entity and any appropriate third parties have agreed and to report on factual findings.

    An engagement to perform agreed-upon procedures may involve the auditor in performing certain procedures concerning individual items of financial data (for example, accounts payable, accounts receivable, purchases from related parties and sales and profits of an entity), a financial statement (for example, a balance sheet) or even a complete set of financial statements.