Foqus Accounting provides financial audit services performed by a financial auditor. The financial audit includes the statutory audit as well as the activity performed in order to express an opinion on the financial statements or some of their components, but also the exercise of insurance missions and professional services according to International Auditing Standards and other regulations in the field. A statutory audit is an audit of an entity’s financial statements.
The purpose of an audit is to provide an independent and objective examination of the financial statements, which increases the quality and credibility of the financial statements obtained by the company’s management, leading to increased user confidence in the financial statements, reducing investor risk and thus capital costs.
A review is also an audit, but provides a moderate level of assurance on the financial statements. The purpose of a review refers to the procedures applied by an auditor, taking into account the requirements of the relevant Audit Standards, the Financial and Regulatory Reporting Framework, the applicable law, in order to obtain sufficient appropriate evidence to achieve the proposed objectives and the basis for expressing a conclusion on the financial statements as a whole.
Through this process Foqus Accounting supports the investor interested in acquiring investments. Analyzes and examinations of information from various points of view, identification of business risks in terms of accounting, legal, fiscal, human resources, market, adequacy of control systems, compliance with specific accounting and tax regulations, accurate presentation of financial reports a comprehensive view of risk and business quality. This is not an audit, it is an assessment with a different approach to the above elements mainly considering the risk and the adequacy.
Foqus Accounting was established in 2003 and offers professional accounting and financial audit services to small and medium-sized companies, liberal professions and NGOs.