Services

 

Financial audit

A financial audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. These procedures are selected by the auditor, as well as the assessment of the risks of material misstatement (errors or fraud) in the financial statements. When making risk assessments, the auditor also considers the internal control system related to the preparation of financial statements by the entity.

The audit also evaluates the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management. It is performed in accordance with the Law on Independent Financial Audit and the requirements of International Standards on Auditing. These standards require compliance with ethical requirements, as well as the audit to be planned and performed so that the auditor can ascertain with a reasonable degree of certainty whether the financial statements do not contain material inaccuracies, deviations and inconsistencies, or whether the financial statements have been prepared in accordance with the current legislation and applicable accounting standards by the audited entity.

The objective of an independent financial audit is to enhance the level of confidence of owners and users of the financial statements. This is achieved by expressing an audit opinion on whether the financial statements present fairly, in all material respects, the financial position of the entity, its financial performance and its cash flows for the year in accordance with the applicable financial reporting framework.

We understand that your audit is about more than numbers and compliance. We work closely with you to understand your company, your industry and your world, including your internal controls, to help you get the most valuable information from our services. By using our risk-based audit approach, combined with our proactive communication, we are able to shift our focus from checking the quality of financial statements to embedding quality into the financial reporting process.

Audit reports include customized reviews, analyses, audited financial statements, peer review and recommendations for improving controls, systems and costs. All tests are performed in strict accordance with generally accepted auditing standards, as well as Kaleva Audit's own internal controls.

 

Accounting services

With the growing demand for transparency, everyone needs a professional team that knows the regulations and knows your business. Our team of professionals understand that your time is a valuable commodity. We look beyond financial statement preparation. You’ll benefit from our in-depth industry knowledge and get the reports, tools and systems you need to give your creditors, investors and boards the confidence they need to support you.

Our accounting services are built on a foundation of personal and professional insight. For clients – including individuals, sole proprietors, corporations, partnerships, estates and trusts – these services can be key to increasing efficiency and profitability. To that end, the firm assesses the client’s needs and provides customized solutions ranging from basic accounting to comprehensive financial systems.

Professional accounting services are a key condition for the proper and legal functioning of every business. There is no operating company that can exist without accounting.

Proper accounting management can improve business performance, as well as protect it from the unpleasant consequences of errors made in accounting. Of utmost importance for the accounting service of a business is to know in detail the regulatory acts directly related to the existence of the business activity of the particular company, as well as, of course, knowing the laws that apply to accounting services as a process.

 

Tax advice

One of the most important things when it comes to the expenses of any company is the cost of taxes. With the right partner, you will be able to plan your expenses, freely handle your funds and be sure that the methods used are correct and legal. A good accountant aims for exactly this – for his clients to be protected and for them to be sure that their funds are planned and spent correctly. We provide assistance with tax inspections and audits, consultations on the tax treatment of transactions and business operations, tax and other registrations, assistance in working with the National Revenue Agency or other administrative authorities. Consultations and preparation of monthly VAT returns, monthly Intrastat returns, tax returns under the Bulgarian Tax Code, other tax returns.

 

Business consultation

• Preparation of a plan for transformation, division or merger of enterprises. Consulting on the accounting and tax effects of transformations of enterprises. Audit and preparation of assessments for transformation of enterprises.
• Financial analysis/due diligence for the acquisition of enterprises and consulting on the tax effects of acquisitions.
• Analysis of the accounting and financial reporting system of companies.
• Tax optimization and tax consulting.