Audit
The need for stability and confidence is greater than ever! Market developments and financial risks have become more frequent and complex, with serious consequences for your business. That is why the audit service will protect your business in the long run by giving you the prospect of long-term development.
Our audit system respects the fundamental values of integrity, professionalism and independence, plus the clear and constant commitment of our team.
Areas of competence for the tax advisory service
Statutory audit of annual financial statements and consolidated annual financial statements, in the situations provided by law;
The financial audit of the annual financial statements and the consolidated financial statements of the entities that have opted for auditing the annual financial statements;
Review missions of the annual financial statements, consolidated financial statements and interim financial statements;
Insurance missions and other professional missions and services, in line with international standards in the field and other regulations adopted by the Chamber;
Internal Audit.
Geseidl Consulting Group is a member of the Chamber of Financial Auditors of Romania (CAFR), holding the A rating since 2011. Robert Popa, the managing director, is an active financial auditor, ensuring the highest standards of quality and independence in every audit engagement.
No matter the size of the business, capital or industry in which your company operates.We can help you work smarter to achieve your goals.Let's talk about developing your business!
Why choose Geseidl for financial audit?
CAFR Members with A Rating
We are members of the Chamber of Financial Auditors of Romania (CAFR) and have been awarded the A rating — the highest distinction for audit service quality.
22+ Years of Audit Experience
Since 2003, we have provided financial audit services to companies in Ploiești, Prahova, and throughout Romania. Over two decades of practice have consolidated our expertise across all types of audit engagements.
Multidisciplinary Team
Our team brings together financial auditors, certified accountants, and tax consultants who collaborate to provide a comprehensive perspective on your company's financial position.
ISO 9001:2015 — Verified Processes
The ISO 9001:2015 certification awarded by TÜV Rheinland guarantees that our audit processes comply with the most demanding international quality and management standards.
Deep Knowledge of the Local Business Environment
Our presence of over 22 years in Ploiești and Prahova provides us with a detailed understanding of the local economic landscape, regional regulations, and the challenges companies in the area face.
Guaranteed Independence and Objectivity
We strictly adhere to the principles of independence and objectivity required by International Standards on Auditing (ISA). Every engagement is conducted without conflicts of interest, ensuring the credibility of the audit report.
How does the financial audit process work?
Free Initial Assessment
We analyze your company's situation, identify applicable legal requirements, and estimate the workload needed. This stage is free and without obligations.
Audit Planning
We establish the audit team, engagement timeline, and specific procedures. We identify significant risks and define the materiality threshold for subsequent testing.
Audit Execution
We perform substantive testing and tests of internal controls, verify significant transactions, and document all findings. We maintain ongoing communication with company management.
Audit Report
We issue the audit report, which includes the auditor's opinion, key findings, and our recommendations. The report is prepared in accordance with International Standards on Auditing (ISA).
Post-Audit Support
We don't stop at issuing the report. We provide assistance in implementing recommendations, monitor progress, and ensure the necessary follow-up for continuous improvement of financial processes.
Who needs a financial audit?
Companies Exceeding Legal Thresholds
Statutory audit is mandatory for companies that exceed two of the three size criteria prescribed by law: net turnover, total assets, and average number of employees.
Companies with Investors or Bank Financing
Investors, banks, and financial institutions require audited financial statements as a guarantee of transparency and accuracy of the information presented.
Organizations Seeking Voluntary Audit
Even companies without a legal obligation can opt for a voluntary audit, demonstrating transparency to shareholders, partners, and clients.
Groups of Companies (Consolidated Audit)
Parent companies preparing consolidated financial statements need a group audit, ensuring coherence and compliance of reporting at group level.
Public Interest Entities
Credit institutions, insurance companies, listed companies, and other public interest entities are legally required to be audited annually by an authorized financial auditor.
