OUR SERVICES

Auditing services

A financial audit is an examination of financial statements conducted by an independent auditor to confirm compliance with legal regulations, accounting principles, and the accuracy of the presented financial and asset position of the company. It builds the trust of stakeholders – owners, management boards, government agencies, banks, contractors, and employees – in the financial data that forms the basis for business decisions.

Mandatory audits apply to, among others, banks, insurers, joint-stock companies, financial institutions, and companies meeting at least two of the following three criteria: employing at least 50 people, total assets exceeding €3,125,000, or revenue exceeding €6,250,000.

Companies not subject to the audit requirement also benefit from audits, seeking to improve management quality and enhance credibility with their partners.

Who is subject to auditing obligation?

Financial and insurance institutions

Domestic banks, branches of foreign banks and credit institutions, insurance and reinsurance companies and their branches, as well as foreign investment companies operating in Poland are subject to mandatory audit.

Cooperative savings and credit unions

Credit unions are also subject to the obligation to audit their financial statements due to the nature of their business and regulatory supervision.

Capital market entities and investment funds

An audit is required for entities operating in accordance with the regulations on securities trading, crowdfunding and investment funds – including alternative and European funds (EuVECA, EuSEF).

Pension funds

Entities operating under the provisions on the organisation and operation of pension funds are subject to the obligation of annual audit.

Payment and electronic money institutions

National payment institutions and electronic money institutions are subject to audit due to security and financial stability requirements.

Joint-stock companies

The annual financial statements of joint-stock companies (except those in organisation as at the balance sheet date) must be audited by a statutory auditor.

Other entities meeting statutory criteria

The audit obligation also applies to companies that meet at least two of the following three conditions:
– average annual employment of at least 50 people,
– total assets of at least EUR 3,125,000,
– annual net revenues of at least EUR 6,250,000.

The services we provide in this area include:

audits of statutory financial statements,
audits of separate and consolidated financial statements prepared in accordance with the Accounting Act or IFRS,
reviews of accounting records,
reviews of interim financial statements,
audits of transformation plans,
audits of division plans,
audits of company merger plans,
audits of the correctness of accounting records conducted at the request of the Management Board or Owners,
audits of selected areas of the company’s operations.

Valuations

With over a decade of experience in valuation, we perform valuations of businesses, corporations, partnerships, and organized parts of companies. We use a variety of methods, including:

asset-based valuation (book valuation, adjusted net asset valuation, liquidation valuation, replacement valuation),
income-based valuation (DCF, discounted dividend valuation, APV),
market-based valuation (multiple valuation, ratio valuation, comparable transaction valuation),
mixed valuation and value creation valuation (EVA, economic profit).

The choice of valuation method depends on the valuation objective, the company’s condition, and the industry. We select appropriate methods based on analysis.

As part of the service, we will provide you with:

business valuation,
valuation of contributions in kind,
valuation of intangible assets, i.e., brand, trademark, patent, license, and long-term contract valuation,
valuation of financial instruments,
asset impairment tests,
analysis of financial results across various business segments, including profitability analysis of individual products, services, markets, customers, and customer groups,
cash flow analysis in specific areas of the company’s activity, along with short-term, medium-term, and long-term forecasts,
assessment of the profitability of investment projects.

Accounting consultancy

Zapewniamy wsparcie w interpretacji ustawy o rachunkowości oraz prowadzeniu ksiąg, tworzeniu i aktualizacji polityki rachunkowości. Pomagamy także przy ewidencji nietypowych zdarzeń gospodarczych oraz oceniamy zgodność sprawozdań finansowych z przepisami i standardami krajowymi i międzynarodowymi.

1. Assistance in interpreting the Accounting Act

Principles of bookkeeping
Obligation to use full vs. simplified accounting
Scope of accounting policy and documentation

2. Creating and updating accounting policies, including developing principles (e.g., depreciation methods, valuation of long-term contracts and financial instruments)

3. Support in recording unusual economic events

Leases, business combinations, transformations
Foreign operations and exchange rate differences
One-off events, e.g., grants, impairment losses

4. Assessment of financial statements’ compliance with the Act and International Financial Reporting Standards (IFRS/IAS)

Assistance in preparing the balance sheet, profit and loss account, and notes
Verification of accounting policies’ compliance with regulations
Compliance with National Accounting Standards (NAS) and International Financial Reporting Standards (IFRS/IAS)

Transaction Advisory and Due Diligence Reviews

Due diligence (DD) is a detailed analysis of a company, carried out before a transaction, the purpose of which is to identify risks and confirm the real value of the company

As part of the service, we will provide you with:

Financial DD – analysis of financial statements, cash flows, debt, EBITDA, receivables and payables,
transaction structuring (e.g., asset deal vs. share deal),
preparation of teasers and information memorandums,
assistance in determining transaction terms, and support in drafting an investment agreement/SPA.

Support in obtaining bank loans and optimizing existing loan agreements

We offer comprehensive support in obtaining financing from banks and optimizing existing loan agreements. We assist in needs analysis and selecting the most advantageous offers, as well as in preparing documentation, negotiating with banks, and coordinating the entire process.

We also verify the terms of existing liabilities and support their renegotiation, refinancing, or consolidation, ensuring cost reduction and improved client liquidity.

Our range of services

Analysis of the client’s financial needs – determining the purpose of the loan, the financing amount, and creditworthiness.
Preparation of loan documentation – assistance in completing the required documents (financial, legal, and registration).
Selection of the appropriate loan offer – comparing offers from various banks in terms of cost, loan term, collateral, and flexibility.
Negotiations with banks – obtaining more favorable terms (interest rate, fees, repayment schedule).
Coordination of the loan process – liaising with financial institutions until the agreement is signed and the funds are disbursed.

Our range of services

Analyzing the terms of current contracts – identifying excessive costs and provisions unfavorable to the client.
Renegotiating loan terms – reducing the margin, extending the loan term, changing the loan currency.
Debt consolidation – combining several liabilities into a single loan with a lower installment.
Loan refinancing – transferring the loan to another bank on more favorable terms.
Hedging interest rate risk – for example, by using a fixed interest rate.

Accounting, finance and economics training

ACCOUNTANCY:

Accounting Act
Advanced financial accounting: KSR, IFRS, consolidation, leasing, provisions, exchange rate differences
Budgeting, long-term contract valuation
Interpreting regulations, implementing accounting policies
Creating the balance sheet, income statement, cash flow, and additional notes

ECONOMY: