Financial audit

Auditing financial situations of commercial societies give the necessary credibility for the investors, banks
and commercial partners.

ABA Audit is a member of Chamber of Romanian Financial Auditors and is liked by the National Commission
of Immovable Objects for auditing financial situations of the entities listed on the Bucharest Stock Market
and also by the Romanian National Bank for auditing financial non-banking entities.
ABA Audit have imposed on the specific markets as being one of the most advanced, occupying 27th place
on a collective top in 2005 in Romania, based on criteria of performance and quality.
The audit department is run by dr. Ovidiu Bunget the holder of financial audit course at Economical Sciences
and Business Administration Faculty and the director of the mastership course of Accounting and Financial
Audit and University Professor Horea Cristea, a well known figure in academic environment and the
accounting profession..

Auditing financial situations set up according to Romanian law
The national legislation (MOFP 1752/2005, BNR ORDER nr. 5/2005) in the spirit of the directives set by the
European Union, restricts the request for auditing annual financial situations.

Auditing financial situations set up according to other norms
The experience accumulated in the multinational cabinets and the specialized studies completed in the
country and abroad allow us to perform:
• auditing financial situations set un according to internal norms of the group (consolidation packages)
• auditing financial situations set up according to the IFRS
• auditing consolidated financial situations

Services connected to financial audit
• Engagements of reviewing financial situations
These works are meant to permit the auditor to conclude, based on procedures which don’t ask for all
diligences to put to work necessary to an audit, that he didn’t discovers any facts of meaningful significance
which could make de auditor to appreciate that financial reports have not been established, in all the
important aspects, according to an accounting identified reference.

These type of works are met especially regarding periodical reports of the rated entities or in what’s
regarding papers of due diligence.
• Engagements of putting the greeted procedures in action according to the financial information
For accomplishing such a mission, are put to work auditing procedures defined by popular agreement with
the beneficiaries of the works. The reports subjects are forced to make their own conclusions after reading
the paper.
• Compilation missions
ÎIn the case of these missions, the auditor uses, in the first place his accounting skills, in the purpose of
verifying the elaboration of a set of financial reports.

Taking to consideration the requests of the accounting law regarding the organization and controlling of the
accounting, our services target certification of financial situations that are next in being published in the
Trade Register Office.

Contact persons in the field of financial audit:

ovidiu.bunget@abaconsulting.ro
alin.dumitrescu@abaconsulting.ro

CAFR Reports

For details on reporting to the CAFR, please contact
Mr. Ovidiu Bunget (partener audit & accounting) at ovidiu.bunget@abaconsulting.ro
or Mr. Alin Dumitrescu (Audit & Accounting Manager) at alin.dumitrescu@abaconsulting.ro