Audit statutar
and financial
An audit of the annual financial statements under international standards on auditing. You receive the report with our opinion and a letter to management setting out what needs correcting before next year.
Who needsthis service.
- Companies exceeding the legal thresholdsTwo of the three thresholds, in two consecutive financial years.
- Public interest entitiesThe obligation applies regardless of size.
- Companies whose bank requires audited accountsFor lending, refinancing or guarantees.
- Companies in sale negotiationsBuyers usually ask for audited accounts covering recent years.
What you receiveat the end of the engagement.
- Audit report with opinionThe document you file and that your bank or funder accepts.
- Letter to managementThe concrete list of findings and what needs correcting, with deadlines.
- Handover meetingWe go through the report together. We do not just email it.
Frequently asked questionsabout statutory and financial audit.
Which companies must have a statutory audit in Romania?
A statutory audit becomes mandatory when a company exceeds, in two consecutive financial years, two of these three thresholds: total assets of 16,000,000 lei, net turnover of 32,000,000 lei, and an average of 50 employees. The obligation applies separately to public interest entities and to beneficiaries of certain grant funding, regardless of size.
How long does a statutory audit take?
For a small or medium company, a full engagement takes between two and six weeks from receipt of the trial balance and supporting documents. The timeline depends on transaction volume and on the state of the accounting records.
How much does a statutory audit cost?
The fee is set per engagement, based on turnover, transaction volume and group complexity. We send a firm quote within 24 hours of receiving your latest trial balance and your group structure.