audit and related services


Audit and Related Services

We provide clients with professional advice and assurance on their controls and accounting systems all year round. We understand our clients' operations, their industry and the issues they face, and this enables us to provide them with relevant advice.

The combination of our specialist skills, industry expertise and ongoing investment allows us to anticipate complex business problems for our clients and recommend preventative action.

Statutory & international standard audits

We perform audits of the financial statements of our clients under both local and international reporting standards. We do this in accordance with Standards on Auditing as adopted by the Romanian Chamber of Financial Auditors and/or international standards on auditing.


Review of accounting systems and internal controls

We review our clients accounting systems and internal controls and perform specific procedures designed to provide assurance to our clients that they have achieved their objectives related to:

  • Effective and efficient financial controls and system
  • Reliable financial reporting
  • Compliance with local laws and regulations
  • Compliance with internal company policies and procedures
  • Adequate protection of company assets against fraud

Our work facilitates the implementation of systems of internal control that help achieve the objectives described above and which result in more efficient and effective financial reporting.

Agreed upon procedures

In the case of agreed upon procedures, Deloitte performs procedures particularly requested by the client/bank and reports on the findings. Agreed upon procedures include for example the review of loan covenants, particular sections in the financial statements (e.g., accounts receivable), compliance with the agreement, and the crosschecking of documentary requirements, as well as the conformity of certain data.

Accounting advisory services

Changes in accounting legislation present new challenges. Our team of local and international professionals is well placed to advise our clients on issues arising from new legislation such as Romanian statutory regulations, international financial reporting standards (IFRS) and US generally accepted accounting principles (US GAAP).