Romania

Financial statement audit 

A KPMG Audit provides both independent assurance and insight that goes beyond the audit opinion. It is challenging in its objectivity and supportive through its identification of emerging risks.

Financial statement audit - KPMG

     

    What's on your mind?

    • Driving value from the audit
    • Effective communication with stakeholders
    • Improved efficiency
    • Speedy resolution of accounting issues
    • Independence and objectivity

     

    Bringing you peace of mind
    KPMG's audit is based on understanding a client's business drivers and risks. This approach delivers a robust and thorough audit that focuses on relevant areas. There are four key phases in the process:

     

    • Planning - identifies and confirms the key risks
    • Controls phase - we evaluate the design and implementation of selected controls, advise management of any issues and carry out the half year review
    • Substantiation -  we carry out tests of detail on areas that require particular focus.
    • Completion - the submission of the audit opinion and the delivery of our view on key areas of your business 

     

    What's in it for you? 

    • Provision of pro-active and relevant insight from a team with strong industry knowledge in support of improved business performance
    • Timely and practical resolution of accounting issues from partners empowered to make accounting decisions as they arise on site
    • Efficiency from a prioritized approach that is focused on key risks, supported by advanced technology
    • Frequent communication and substantial partner involvement to support the early identification and discussion of emerging risks
    • Co-ordinated and consistent audit team management to reduce client involvement. Detailed post audit feedback to discuss and address matters which arise with the aim of continuous improvement

     

    KPMG’s skilled and diligent professionals work in conjunction with client executives, board directors, regulators and academics to understand the changing business environment. We are then able to share our member firms' insights with clients globally through the following resource centers:

     

    • The Audit Committee Institute (ACI) established to help audit committee members keep pace with business issues related to governance, audit, accounting and financial reporting.
    • The International Standards Group established to assist member firms' clients and professionals with application and interpretation of International Financial Reporting Standards and International Standards on Auditing in many jurisdictions around the world.
    • The 404 Institute established as a forum where organizations can learn more about the requirements of section 404 of the Sarbanes-Oxley Act and discuss ways to address the evolution of effective internal controls. Since its inception in 2004, the Institute has amassed over 5,000 members in 50 countries.

 

Contact

Aura Giurcaneanu

Aura Giurcaneanu

Partner, Audit & Assurance

+40 (744) 655 847

Tax Express - KPMG Romania

KPMG Romania TaxExpress App for iPad


 

TaxExpress is the new mobile application from KPMG in Romania, which helps you keep up to date with your fiscal obligations. The app gives you daily information about what you need to file, as well as their order and deadlines. So you can deal with them quickly and then concentrate on the things that really matter.