Reliable audit
Clear insights
Better decisions
We combine knowledge and experience to provide a reliable, transparent audit tailored to your organization.
Expert knowledge
Experienced certified auditors guarantee a reliable and professional approach, based on practical experience, understanding of business realities, and professional standards.
Reliable financial insight
We provide an independent and objective assessment of financial information, strengthening stakeholders’ trust in the presented data.
We operate globally
As a member of international networks of audit, advisory, and accounting firms, we provide our clients with access to the expertise of thousands of specialists from more than 100 countries.
Audit supporting key decisions
We build trust through knowledge, experience, and transparent communication. We operate in accordance with applicable regulations and professional standards, delivering clear and reliable conclusions that support the decision-making processes of management boards, owners, and supervisory boards.
High expertise
We rely on the knowledge and experience of our team of certified auditors and experts.
Experienced experts
We gained our experience through complex projects and work at renowned advisory firms.
Professional support in aud, accounting,
and financial advisory
We provide a reliable assessment of financial information and regulatory compliance, helping businesses make sound decisions.
AUDIT
We view audits and reviews of financial statements as confirmation of the reliability and credibility of financial information. We strive to understand our clients’ business activities and operating environment, tailoring the scope of our work to the specific nature of their operations. Our services are performed in accordance with applicable standards, while maintaining independence and objectivity.
OTHER ASSURANCE SERVICES
The purpose of other assurance services is to increase the security of business transactions and enhance the credibility of financial information. These services often accompany changes in a company’s legal form, ownership structure, or organizational structure.
RELATED SERVICES
We provide related services tailored to the individual needs of our clients, offering support in accounting and financial reporting matters. Each engagement is preceded by an understanding of its purpose and the specific nature of the client’s business, allowing us to tailor the scope of work to the particular situation.
TRANSACTION ADVISORY
We support our clients in risk management and transaction valuation in mergers and acquisitions, with the aim of maximizing value creation. Our services include valuations, due diligence analyses, as well as the preparation of expert opinions and economic analyses.
BUSINESS ADVISORY
Effective business management requires an analysis of the key areas of a company’s operations. We support our clients in increasing enterprise value and reducing business-related risks by identifying improvement opportunities, developing business plans, and preparing analyses that support growth.
ACCOUNTING ADVISORY
Proper accounting requires knowledge of regulations and their appropriate interpretation in the context of a company’s operations. We support our clients in resolving accounting issues, selecting appropriate solutions, and ensuring compliance with applicable regulations, considering the specific nature of their business.
Do you need
a reliable audit?
Contact us to learn more about our audit and advisory services.
AUDIT PROCESS
We conduct the audit process in a manner tailored to the specific nature of the client’s business. It includes the planning stage, audit procedures, and the summary of results. At every stage, we ensure clear communication and transparency, providing a reliable and objective assessment of the financial statements.
Audit planning
We gain an understanding of the client’s business, assess internal controls, analyze risks, develop the audit strategy and plan, and determine materiality, scope, and the audit timetable.
Audit execution
We verify financial documents, gather audit evidence, perform tests, and assess the accuracy and completeness of the financial statements. We also participate in inventory counts.
Conclusion
We review post-balance sheet events, assess the going concern assumption, summarize the audit results, and present our conclusions.
Reporting
We prepare the audit report and present to the Management Board and Supervisory Board our observations and recommendations regarding internal controls and other matters identified during the audit.
VGD in numbers
Frequently Asked Questions
Does every company have to undergo a financial statement audit?
No. The audit requirement applies, among others, to companies that meet statutory criteria or are subject to audit obligations under other regulations.
When is a financial statement audit mandatory?
An audit is mandatory, among others, when specific financial thresholds are exceeded or when required by specific regulations.
How much does a financial statement audit cost?
The cost of an audit depends, among other factors, on the size of the entity, the scope of operations, and the complexity of the financial statements.
Can a financial statement audit be conducted remotely?
Some audit procedures may be performed remotely; however, the scope depends on the specific nature of the entity.
When should an audit firm be appointed?
An audit firm should be appointed before the commencement of the audit, within the timeframes required by applicable regulations.
How long does an audit take?
The audit timeline depends on the size of the entity and the preparation of the documentation, typically ranging from a few days to several weeks.
What documents are required for a financial statement audit?
Required documents include, among others, accounting records, financial statements, accounting policies, and supporting documentation.
What is the difference between a statutory and a voluntary audit?
A statutory audit is required by law, while a voluntary audit is conducted at the request of the entity.
Who appoints the statutory auditor?
The statutory auditor is appointed by the body approving the financial statements or another authorized governing body of the entity.
What is the difference between an audit and a review of financial statements?
An audit and a review of financial statements differ primarily in the scope of the auditor’s work and the level of assurance obtained.