Audit-Exact SRL provides a full range of audit services for enterprises of the Republic of Moldova. We conduct an independent assessment of financial statements, analyze financial and economic activities, identify tax and accounting risks, and provide practical recommendations for their elimination.

Our specialists work in accordance with the current legislation of the Republic of Moldova and applicable professional auditing standards, ensuring objectivity, independence, confidentiality, and a high level of quality for each audit.

Why companies choose Audit-Exact

For over three decades, we have been helping companies in various industries make informed financial decisions, increase business transparency, and timely reduce accounting, tax, and management risks.

Our advantages:

• over 30 years of practical experience;
• professional team of auditors and consultants;
• individual approach to each client;
• compliance with professional standards and legal requirements;
• strict confidentiality of received information;
• clear conclusions and practical recommendations;
• possibility of comprehensive enterprise support.

Our Audit Services

Mandatory Audit of Financial Statements

Mandatory audit is carried out in cases provided for by the legislation of the Republic of Moldova and is aimed at confirming the reliability of the organization’s financial statements.

Within the scope of the service, we:

• analyze accounting documentation and accounting records;
• verify the completeness and correctness of the reflection of economic operations;
• assess the applied accounting policy;
• verify significant items of financial statements;
• assess the internal control system;
• analyze significant accounting and financial risks;
• prepare an audit report and recommendations.

Voluntary Audit

Voluntary audit is carried out by decision of owners, management, investors, or other interested parties, regardless of the existence of a legal obligation.

Voluntary audit is advisable before:

• selling or buying a business;
• attracting an investor;
• obtaining bank financing;
• changing the head or chief accountant;
• enterprise reorganization;
• profit distribution;
• confirmation of the amount of authorized capital;
• internal assessment of accounting quality.

Express Audit of Accounting and Tax Statements

Express audit is an operational diagnosis of accounting and tax accounting. It allows you to identify key problem areas in a short time and assess the need for a more in-depth audit.

Express audit helps to identify:

• significant accounting errors;
• tax risks and potential additional charges;
• incompleteness of primary documentation;
• incorrect reflection of economic operations;
• risks of applying penalties;
• the need to restore individual accounting areas.

Tax Audit

Tax audit is aimed at verifying the correctness of calculation, declaration, and payment of taxes and mandatory payments. The audit helps to identify errors before claims arise from regulatory authorities.

During the tax audit, the following are checked:

• value added tax;
• profit tax;
• income tax;
• social and health contributions;
• correctness of tax document preparation;
• tax returns and calculations;
• justification of applied tax approaches;
• tax risks for specific transactions.

Financial and Economic Activity Review

A review is a comprehensive check of financial and economic operations, asset preservation, and compliance with internal enterprise rules.

During the review, the following are analyzed:

• cash flow;
• use of assets and property;
• settlements with suppliers and buyers;
• cash and bank operations;
• financial discipline;
• compliance with internal regulations;
• effectiveness of control procedures;
• possible abuses and unreasonable expenses.

Analysis of Financial and Economic Activity

This service allows for an objective assessment of the enterprise’s current financial condition, identification of business strengths and weaknesses, and preparation of a basis for management decisions.

The analysis assesses:

• income, expenses, and profit;
• profitability of operations;
• liquidity;
• solvency;
• financial stability;
• structure of assets and liabilities;
• cash flows;
• accounts receivable and payable;
• efficiency of resource utilization;
• dynamics of key financial indicators.

Anti-Crisis Financial Conclusion

Based on the results of an in-depth analysis, an anti-crisis financial conclusion can be prepared describing the reasons for the deterioration of the financial situation and recommendations for stabilizing the activity.

The conclusion may include:

• assessment of insolvency risk;
• analysis of working capital deficit;
• identification of inefficient expenses;
• assessment of debt burden;
• proposals for optimizing cash flows;
• recommendations for restoring liquidity;
• priority measures for enterprise management.

Personnel Audit

Personnel audit allows checking the compliance of personnel documentation with legal requirements and identifying risks related to labor relations.

The following are checked:

• employment contracts and additional agreements;
• personnel orders;
• personnel files;
• staffing table;
• time sheets;
• processing of vacations and absences;
• documents for hiring, transfer, and dismissal;
• order of keeping personnel records;
• correctness of internal personnel procedures.

Due Diligence

Due Diligence is a comprehensive check of a company before a business acquisition, investment, merger, reorganization, or significant transaction. The purpose of the check is to provide the client with objective information about the real state of the company.

The check may cover:

• financial condition and asset quality;
• liabilities and debt burden;
• cash flows;
• accounts receivable and payable;
• tax risks;
• corporate structure;
• material contracts;
• licenses and permits;
• litigation and claims;
• hidden or contingent liabilities.

IFRS (International Financial Reporting Standards)

Audit-Exact provides consulting and professional support to companies preparing financial statements in accordance with International Financial Reporting Standards.

We help:

• prepare financial statements in accordance with IFRS;
• transform financial statements prepared under national rules;
• develop a methodology for transitioning to IFRS;
• prepare necessary disclosures and explanations;
• advise accounting and financial departments;
• prepare for the audit of financial statements by international partners, banks, and investors.

Who can benefit from our services

We work with businesses and organizations of various sizes and profiles, including:

• small and medium-sized businesses;
• large companies and groups of enterprises;
• manufacturing enterprises;
• trading and distribution companies;
• construction organizations;
• IT companies;
• logistics and transport enterprises;
• agricultural enterprises;
• medical organizations;
• non-profit organizations;
• companies with foreign capital;
• foreign investors and business owners.

Audit Stages

1. Initial Consultation

We study the company’s activities, the objectives of the audit, and the client’s expectations. We determine the preliminary scope of work and the list of necessary information.

2. Planning and Contract Signing

We agree on deadlines, scope of the audit, format of interaction, composition of the working group, and terms of service provision.

3. Document Receipt and Analysis

We request the necessary documents, study financial statements, accounting records, primary documents, contracts, and internal procedures.

4. Conducting Audit Procedures

We perform checks on selected accounting areas, assess risks, test transactions, and analyze identified deviations.

5. Discussion of Preliminary Results

We present significant findings to management, clarify circumstances, and obtain additional explanations or documents.

6. Preparation of Final Materials

We prepare the auditor’s report, findings, a list of identified risks, and practical recommendations.

7. Consulting Support

If necessary, we help develop a plan to address findings and advise on the implementation of proposed measures.

Why Audit is Important for Business

• increases the trust of owners, investors, banks, and business partners;
• allows for timely identification of accounting and tax errors;
• reduces the risk of financial losses and penalties;
• increases the transparency of financial information;
• improves the internal control system;
• helps prepare for inspections by regulatory authorities;
• provides management with objective information for decision-making;
• helps assess the real financial position of the enterprise;
• contributes to improving business management efficiency.

Frequently Asked Questions (FAQ)

When is a mandatory audit required?

A mandatory audit is conducted in cases provided for by the legislation of the Republic of Moldova. It may also be required by owners, banks, investors, partners, or the terms of concluded contracts.

How does an initiative audit differ from a mandatory one?

A mandatory audit is conducted when there is a legal or contractual obligation. An initiative audit is performed voluntarily by decision of the owners or management for an internal assessment of financial condition, accounting quality, and existing risks.

How long does an audit take?

The duration depends on the size of the enterprise, the volume of transactions, the state of documentation, the audit period, and the tasks set. Exact timelines are determined after preliminary familiarization with the company’s activities.

Can an audit be conducted for past periods?

Yes. The audit can cover the current and previous reporting periods. If necessary, the audit can be combined with diagnostics of the accounting system and preparation of recommendations for document restoration.

What documents are needed to start work?

The list depends on the type of audit. Typically, financial statements, trial balances, accounting registers, tax returns, primary documents, contracts, bank statements, personnel documents, and internal regulations are required.

What does the client receive after the audit is completed?

Depending on the type of service, the client receives an auditor’s report, a detailed findings report, a description of identified issues and risks, as well as recommendations for correcting violations and improving accounting.

Can only a tax or personnel audit be conducted?

Yes. The client can order a comprehensive audit or an audit of a specific area: tax accounting, personnel records, payroll, or specific business transactions.

Can an express audit be ordered before a tax inspection?

Yes. An express audit helps to quickly identify key risks and problem areas before an inspection, filing reports, changing accountants, or restoring accounting records.

Is Due Diligence conducted before purchasing a company?

Yes. The check allows for the assessment of financial, tax, legal, and corporate risks of the investment object before the transaction is concluded.

Is the confidentiality of information guaranteed?

Yes. Information and documents obtained during the provision of services are used exclusively for the performance of professional duties and are protected in accordance with legislation and the terms of the contract.

How is the cost of an audit calculated?

The cost is determined individually and depends on the volume of operations, the audit period, the number of employees, the state of accounting, the industry of the enterprise, and the urgency of the work.

How to order audit services?

To start work, you need to contact Audit-Exact SRL, briefly describe the task, and provide basic information about the enterprise. After a preliminary consultation, specialists will determine the scope of the audit, deadlines, and cost of services.

Professional audit is not only a confirmation of financial statements but also an effective business protection tool. Audit-Exact SRL helps enterprises identify risks in a timely manner, improve the quality of financial information, and make informed management decisions.