Audit firm in South Tyrol

Services

Audit
Due Diligence
Accounting Solutions

Audit

Setting aside legal obligations, the audit is an important factor in the evolution and in the growth process of a company: it’s aim is to express a professional and independent opinion on the financial statements and, when necessary, on consolidated financial statements. An audit also provides those, who use the financial statements, with reliable information verified by independent experts.

EURO AUDIT SRL performs statutory audits in accordance with auditing standards adopted by the European Commission under Article 26, paragraphs 1 and 2 of Directive 2006/43/EC, implemented by Decree. No. 39 dated January 27th, 2010.

Our auditing services include:

mandatory audits – in Italian, German or English language – of (consolidated) financial statements
on-going verification of the reliability of the accounting system;
voluntary audits that are limited to specific areas of the financial statements (at the request of the client or the auditor of the parent company);
analysis and evaluation of the correct application of relevant accounting principles;
audits of reporting packages for Italian subsidiaries and/or affiliates of foreign companies, prepared in accordance with the Group handbook or according to IFRS/IAS guidelines, adopting the ISA-audit-approach.

Due Diligence

Due Diligence work involves investigative procedures put into place in order to analyse the value and conditions of a company or a division of a company, primarily related to mergers, acquisitions, spin-offs or investments.

Our work in this area comprises the analysis of all information related to a transaction, particularly with reference to the corporate and organisational structure, critical success factors, potential risks, management and administrative procedures, and controlling of the financial data, in addition to all the relevant legal and tax aspects.

In particular, we perform:

due diligence related do mergers, acquisitions, spin-offs or investments in companies;
assessments of the reliability/feasibility of mid- and long-term business plans;
specialised support services related to the implementation of procedures required by Law 231/01.

Accounting Solutions

In addition to ordinary audit or due diligence activities we offer to our clients services related to the set-up of efficient accounting systems and procedures. In this context our professionals analyse the most suitable solution for any issue related to the organization and the structuring of the accounting and the reporting system.

We offer our clients the following services:

assistance in the preparation and drafting of consolidated financial statements;
verification of the correct application of relevant accounting principles;
analysis of business models and identification of business risks;
implementation of internal auditing systems and procedures (support for internal audits);
strategic consulting for the implementation of proper accounting systems and procedures for intercompany transactions, in order to ensure proper data acquisition for consolidated financial statements.

Strengths

The core business of EURO AUDIT SRL comprises all activities within the field of auditing. The Company is active for SMEs on the domestic market as well as for foreign companies and groups, mostly from German speaking countries (such as Austria, Germany and Switzerland), with subsidiaries and/or affiliates in Italy.

In the Autonomous Province of Bolzano, where Italian and German are the official and equivalent languages, companies are free to choose one language or the other for all of their accounting and for all documents relating thereto. It is normal business practice for us to have our customers require that we carry out the tasks entrusted to us and do all related reporting in both languages. It is not only local businesses that have the right to choose a language, though: all companies controlled by and/or subsidiaries of foreign companies with registered offices in the province of Bolzano—even if they operate their manufacturing facilities outside the province of Bolzano—have the same rights.

We deliver our reports in Italian, German or English, pursuant to Statutory Law No. 39/2010. This allows us—also with respect to voluntary audits and due diligence processes—to eliminate all language barriers with respect to management and shareholders of foreign parent companies or the principal auditor of the foreign group.

A partner or manager of our firm is always personally involved when we work with a client onsite: he or she is available to support the individual professional in each phase, from planning to implementation of the work as well as for a detailed discussion of findings.

Experienced

Multilingual

Solution-oriented

about us