Financial statement audit
Audit of financial statements
UAB "Tezaurus auditas" activity direction - audit services. The services are provided by three auditors certified by the Chamber of Auditors of Lithuania, who have ACCA (Association of Chartered Certified Accountants) qualification, and assistant auditors included in the list of assistants. The company's experience in auditing financial statements - since 1996.
We perform an audit of financial statements when it is mandatory according to the audit law and in cases where the audit is not mandatory, but is requested by the shareholders, the manager or the buyer of the company.
When conducting an audit, we follow the international auditing standards issued by the International Federation of Accountants and the International Quality Control Standard. The Audit, Accounting, Asset Valuation and Insolvency Management Service under the Ministry of Finance of the Republic of Lithuania supervises the performed audit and performs quality control. The last scheduled inspection of the service was completed in 2022. in June.
Our financial audit methodology
Our specialty is the use of information technology in the audit process. In cooperation with our IT company we have created a program for data analysis and auditing, thanks to which:
Less disruption to the client's employees - we don't ask you to fill out tables for audits, print reports, etc. We obtain most of the data required for the audit directly from a copy of the accounting database.
We achieve greater audit efficiency - atypical, erroneous or risky operations are more easily noticed. Even errors that cannot be detected during the normal inspection of paper documents can be noticed.
A significantly larger volume of transactions is checked, often all transactions are reviewed.
Analytical procedures are performed that would not be possible without the data - e.g. adapted VAT rates are recalculated, sales price deviations from average prices or prices according to price lists are analyzed, unprofitable or unusually profitable sales are determined at the level of documents or goods.
Advantages of the software we use
Data from clients' accounting programs are imported into our audit software
Convenient import of bank statements into our application
The program is adapted to work with most of the accounting softwares used in Lithuania
Creating, sending and receiving debt confirmation letters electronically
After the audit, we provide the auditor's conclusion, which gives more credibility to the financial statements.
We present proposals for the improvement of the company's internal control system and other matters important to the management of the company that we noticed during the audit.
The price of the audit depends on the nature of the company's activities, the amount of operations, the number of employees and other indicators established in the company's calculation methodology. Fill out the audit scope assessment form and we will provide you with an audit service offer.
Audit team
The audit process is led by auditors Aistė Perminaitė and Arūnas Butkus, who hold valid auditor certificates issued by the Lithuanian Chamber of Auditors, granting the right to perform financial statement audits and provide sustainability reporting assurance services.