Professional audit and consulting services

Audit of financial statements

We provide audit services for financial statements and annual reports as required in Slovakia by the Accounting Act No. 431/2002 Coll. The statutory audit of financial statements is conducted in accordance with Slovak regulations and the International Standards on Auditing (ISA). Our audit goes beyond mere compliance with legal obligations. We follow two core principles:

• Efficiency: leveraging advanced analytical tools and extensive experience across various industries to tailor each audit to the specific risks and circumstances of your company,

• Providing valuable insights: delivering relevant insights and information, making your auditor a trusted partner supporting your informed decision-making.

Other audit services and accounting advisory

In addition to statutory audits, we provide a range of other audit services, including Agreed-Upon Procedures in accordance with ISRS 4400, Limited or Reasonable Assurance Reports in compliance with ISAE 3000, and other assurance services.

Beyond assurance engagements, we also offer consulting services related to the preparation of financial statements and corporate financial management:

• Preparation of notes to the financial statements,

• Preparation of the cash flow statement,

• Development of corporate policies and internal procedures,

• Assessment of internal controls.

Audit Services for Grant Programs – ISRS4400 & CFS

Grant agreements with European Commission agencies require periodic verification of funds utilization. We provide comprehensive audit services to verify the financial statements of grant programmes beneficiaries, ensuring full compliance with the required auditing standards. Deliverables include Certificate on Financial Statements (CFS) and an auditor’s report prepared in accordance with ISRS4400 (International Standard on Related Services 4400). We tailor each audit report to meet the specific requirements of the grant programme while ensuring a fast and efficient process. With in-depth expertise in the European Commission’s audit process and extensive experience in grant audits across various funding agencies, we guarantee a reliable and professional approach to auditing EU-funded projects. In addition, we provide required audit services in relation to:

• International Visegrad Fund grants,

• F-gas reporting required under EU Regulation 2024/573

Services for beneficiaries – Preparing for CFS

We offer comprehensive advisory services to help organisations ensure full compliance with their grant agreements. Our support includes:

• Reviewing the accuracy of financial statements,

• Ensuring adherance to EU grant rules and guidelines,

• Identifying and resolving potential discrepancies.

Proper preparation helps beneficiaries avoid issues during an audit and prevents financial adjustments that could reduce funding. In Horizon Europe and other European Commission programmes, minor administrative errors can result in significant grant reductions. We provide expert support to help you prepare for the CFS (Certificate on Financial Statements) and ensure compliance, reducing the risk of financial losses.

over 15 years of experience

Marek Frecer, FCCA

• Audits of financial statements of small and medium sized entities in accordance with Slovak accounting principles,

• Audits of financial statements of public interest entities prepared in accordance with International Financial Reporting Standards (IFRS),

• Consulting services related to implementation of accounting standards and financial management processes,

• Assurance on financial statements of EU grant beneficiaries  (Certificate on Financial Statements, CFS) in accordance with ISERS4400,

• Audits of Horizon 2020 programs for the European Commission,

• Advising on setting up the most efficient reporting for EU grant programs,

• Assurance services in relation to F-gas reporting (EU Regulation 2024/573)

• Designing a framework for audits of grant programmes for an international granting authority,

• Preparing a CSRD sustainabilty statement based on ESRS requirements,

• Design and implementation of simple automated solutions for non-financial reporting and data management.