Audit services
Reliable information means effective solutions.
External audit is an essential tool to increase confidence in the financial and non-financial information of companies and ensure its reliability for stakeholders (including investors and creditors). Its main purpose is to independently assess whether the reports presented fairly reflect the financial position of the company and comply with applicable accounting standards.
WHY IS AN AUDIT VALUABLE?
An independent auditor's report increases confidence in a company's operations and provides a reliable basis for business and investment decisions.
An audit strengthens transparency and accountability, which are essential for well-functioning capital markets and the business environment. It helps companies identify risks, improve internal control processes and make better-informed decisions. For investors and creditors, an audit provides confidence when making investment and capital allocation decisions. It also helps strengthen a company’s reputation and build long-term value.
AUDIT METHODOLOGY
The principles of ethics, independence and professionalism are adhered to at all stages.
We follow a structured audit process with significant partner involvement, focusing on understanding risks, quality and clear communication. Audits are conducted in accordance with International Standards on Auditing (ISA), ensuring a consistent, high-quality process.
01
New client onboarding procedures
Anti-money laundering checks, sanctions screening, assessment of the client’s reputation and political exposure, and other mandatory Know Your Customer (KYC) procedures.
02
Business understanding
Understanding the client’s operations, industry and business environment, identifying risks of misstatement, and developing an audit strategy tailored to the business.
03
Evaluation of processes and controls
Analysis of internal processes, controls and accounting policies, identification of significant areas and risks associated with the audit engagement. Communication of internal control findings and recommendations.
04
Detailed testing
Detailed audit testing and analytical procedures focused on the most significant areas, fraud risks and other key risks.
05
Other audit procedures
Assessment of fraud risks, identification of unusual transactions, review of subsequent events, litigation and related party transactions, and other audit procedures.
06
Testing of financial statements
Testing and overall assessment of the financial statements and annual report.
07
Audit findings and issuance of the auditor’s report
Presentation of audit findings to management and issuance of the auditor’s report.
08
Management letter
Issuance of a management letter summarising key audit findings, followed by a feedback discussion and completion of an engagement evaluation questionnaire by the client.
TECHNOLOGIES AND TOOLS
We ensure the quality and efficiency of the task and project by using advanced solutions.
Using tools allows you to analyze large amounts of data and identify trends and risks on a larger scale. Automation helps ensure process consistency and reduces the likelihood of human error.
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Audito dokumentavimo ir darbo dokumentų valdymas
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Standartizuotas audito procesas pagal Tarptautinius audito standartus
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Realiojo laiko audito projekto stebėsena
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Efektyvus informacijos užklausų valdymas ir komunikacija su klientu
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Darbų automatizavimas ir rankinio darbo mažinimas
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Grupių auditų koordinavimas ir konsolidavimo procesų palaikymas
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Saugus duomenų valdymas debesų kompiuterijos pagrindu
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Integruoti analitiniai įrankiai ir audito kokybės kontrolė
Additional analytical tools:
Python – advanced data analysis and automation
SQL – processing large amounts of data
Power BI – data visualization and insight presentation