“JELIAZKOV AUDIT 2004“ Ltd

Introduction

 

“JELIAZKOV AUDIT 2004” Ltd –JPA International is capable of providing you with full scope audit and assesment  services, which respond to Bulgarian legislation and International Standards of Financial Reporting IAS / IFRS. Besides our services are aimed to provide you with complex consultant service, which will lead to improving of your business. That could be achieved by using of our business-oriented approach, by which preparation of report for Management needs at the end of the audit review and by professional collaboration with your team of financial specialists during audit review. 

Conducted by “JELIAZKOV AUDIT 2004” Ltd JPA International audit service consists of following activities: audit strategy, planning, review of current accounting, audit report, evaluation and presentation of audit review results under the form of a motivated opinion for the certification of the annual financial statement.

We are persuaded that audit services we offer and that are thoroughly described hereinafter will satisfy all your requirements and needs.

 

Audit approach for audit procedures

Audit Requirements

 

According the requirements of Commercial Law, Accounting law and Independent Financial Audit Law, it is necessary an audit review to be conducted on annual basis for the companies stated in the provisions, incloding the non-profit organisations. The aim of that requirement for review is to guarantee following of principles and rules for accounting procedures according the acting Bulgarian Legislation, Accounting standards applicable (either national or international) as well as to follow the correct maintenance of the accounting registers and the annual financial report. 

Regarding this, we will assure the receipt of an independent audit opinion. We would give you concrete suggestions on certain accounting problems, concerning your activity as well as if necessary directions about amendments of the annual financial statement. We offer to conduct an audit review of the annual financial report prepared under the requirements of IAS/ IFRS and the national regulations for the year ending at December 31st, 2012.

We consider that audit services we offer and that are thoroughly described hereinafter will satisfy all your requirements and needs.

 

 

 

 

Method of audit review of Annual Financial Statement

Common information review

Our methods and technology allows us to conduct review of Annual Financial Statement for 2012 under the requirements of the International Auditing Standards. Special attention will be paid to statements, prepared during interim accounting closings. The current audit review will be directed into determination the correct implementation of the acting legislation as well as establishing the proper information presented in the Balance Sheet, Profit and Loss Account, the Cash flow Statement, the Statement of Equity and the notes applied to them. The issues raised during the audit review should be discussed with your management aiming the proper presentation of the financial statements in accordance with the audit aims.

Specific areas of work, which we will follow during the review, will be presented in the Planning program, attachment to contracts that can always be expanded as a result of mutual agreement.

Following the principle of true and fair presentation, we would make all the necessary restatements of the information presented in the annual financial statement to certify that it reflects the Company’s property and its financial positioning all material aspects. 

Our aim is to express independent audit opinion on whether the financial statement gives a true and fair presentation in all material aspects regarding the legal requirements of the national  legislation and the IFRS treatment.

Our opinion and assessments of the review performed will be presented in a full scope audit report as it is required by art.13 of the Independent Financial Audit Law as well as according to the International Auditing Standard 700 “The Auditor’s report on financial statements” and the requirements of the Financial Supervisory Commission.

For achieving the main purpose it is necessary to emphasize on the full understanding of your business activity and the problems, which may confront you. It may be achieved by a close cooperation and professional relationship with your specialists.

In details we present direction of our work within our Schedule chart that is inseparable   part of current application.