Audit

Whenever you are involved in a Mergers and Acquisitions (M&A) transaction you come across with "due diligence". Due diligence is a process to confirm the reliability of the information provided on a target business and on which the investment decision is being based.

The due diligence procedure involves:

• Identifying legal and financial risks associated with investing in a particular business
• Preparing a report on the legitimacy of a target business and its assets
• Advice on minimizing investment risks

The work which is performed within the due diligence procedure may be divided into three interconnected parts:

1. Financial Due Diligence: confirmation of net assets, both title and value, check of accuracy of accounting, historic and prospective financial analysis, assessment of financial risks;
2. Tax Due Diligence: check of accuracy of tax calculations, tax risks evaluation;
3. Legal Due Diligence: check of corporate structure, titles to assets, intellectual property rights, commercial liabilities and legal risks evaluation.

Before starting any project we discuss with the Client the issues that are of main concern. At the end the Client receives a due diligence report containing all findings.

Tax audit can be made on Client’s request. It is a complex check of accuracy of tax calculations and tax filings that helps to reveal possible tax risks.

Our lawyers and auditors may help you to correct the mistakes made in financial and accounting documents; and also provide you with recommendations on accounting maintenance and taxation in your company.

The following tasks are accomplished within the tax audit:

• Audit of tax obligations, concerning compliance of calculated and paid taxes with tax laws
• Optimization and planning of taxation
• Analysis of the procedure of tax calculation and tax benefits taking into account corporate structure and legal relations with contracting party