Credible, Accurate, Independent, Objective

Our audit services are performed in accordance with the auditing standards adopted by the Romanian Chamber of Financial Auditors (CAFR), the International Standards on Auditing (ISA) and other Generally Accepted Auditing Standards (such as the US GAAS). Our services are tailored to meet the requirements of each individual client and in keeping with ethical considerations in terms of our independence and objectivity. Our team of experts is appropriately structured to ensure it provides a quality service whatever the size, complexity and reporting requirements of our clients.

Our Audit and Assurance services include:

• Financial statement auditing
• Reviews
• Agreed procedures
• Compilations (RAS, IFRS, US GAAP)
• Management reporting
• Assistance in designing and implementing internal control procedures
• Internal auditing
• Financial due diligence and other transaction assistance
• Strategic planning
• Regulatory consulting
• Training courses (IFRS, statutory accounting rules and others).

At TPA Horwath the audit process is designed to provide added value and prompt results:

• Risk assessment and identification. We create our auditing plan based on a thorough understanding of the risks you face – we don’t just apply the same checklist to every company. Our approach is to customise the audit testing to address the areas of highest risk.
• Highly automated method. This allows us to analyse large amounts of data and then identify quickly and test any items that stand out. It also makes it easier for information to be shared between your office and ours and results in fewer disruptions for your staff.
• Open, interactive process. There is no “mystery” to the work we do on your behalf. We provide explanations, interpretations and analysis to help you better understand why we do what we do, and what the results mean for your business.
• Specialised knowledge and support. Your audit team will include one or more experts familiar with your industry. We share information on industry benchmarks and best practices and improved financial reporting controls. These specialised team members will be involved regularly and directly in meeting your audit needs.
• Strengthened internal controls. We identify potential weaknesses and provide practical recommendations to improve internal controls and reduce risk.
• Increased credibility. TPA Horwath’s strong reputation for financial reporting quality will enhance your credibility with stakeholders including creditors, lenders, investors and the business community in general.
• International expertise. As a member of Crowe Horwath International, we are part of an organisation of leading independent accounting firms with more than 120 firms and 415 offices in nearly 400 cities around the world. Multinational companies benefit from our local expertise in key international markets.

As part of our commitment to quality we support and encourage our audit staff in obtaining an internationally recognised professional qualification in accounting (UK ACCA), so that they can enhance their understanding of International Financial Reporting Standards and International Standards on Auditing.