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Company audit in Slovakia

Company audit in Slovakia

 

An audit of the company is necessary to analyze the financial condition of the company and the compliance of its reporting with government regulations. The audit is carried out to show the honesty and transparency of the business, to confirm its economic viability, and to control accounting processes.

 

Internal audit of a company is the audit carried out by specialists in financial transactions and accounting statements. The purpose of the audit is to check the documentation for compliance with the norms and requirements of government services, identify errors, and eliminate them.

 

The company’s accounting audit is a part of a full audit aimed at verifying the correctness of operations and accounting. It helps to determine whether the data provided in the tax reports correspond to the real indicators of the company’s activity. The purpose of the audit of financial statements is to certify the information contained in the documentation, and to check the correctness of its execution.

 

The audit will help identify shortcomings in accounting activities in order to eliminate them in time and, thus, avoid fines and financial losses.

 

The audit company that conducts the audit of an enterprise not only analyzes the correctness and reliability of financial activities but also gives the manager recommendations on how to improve work efficiency.

 

Audit functions

 

Our experts will help with the audit of your company. We have experience in auditing construction companies, IT companies, insurance companies.

 

The audit of a company performs several functions at once:

  • analytical verification of the reliability of documents on the financial activities of a business
  • expert analysis of the organization’s activities
  • introduction of new trends in accounting
  • consulting specialists on taxation issues.

 

After the completion of the audit, an auditor’s report is issued, which displays the results of the audit. The identified violations, if any, are described in detail, and recommendations for their elimination are given.

Need a consultation?

You can get a free * consultation on all additional issues during the day! Our specialist will contact you within 1 hour.

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*detailed long consultation, support of you in registration of documents can be paid in addition.

Audit functions

Conducting a full audit of the company. Drawing up reports based on indicators of management efficiency, financial condition, and activities of the company.

Our company provides audit services in accordance with international standards. Due to the audit results, clients improve the quality of their financial statements and optimize internal work processes.

We know how important a competent audit is for the development of a company, therefore, we practice a personal approach and maximum attention to each business.

Frequently asked questions

What is important to know about taxation in Slovakia?

Income tax rates are as follows: - 19% - individuals - 15% - legal entities with a turnover of up to 100 thousand - 21% - legal entities with a turnover of more than 100 thousand   If the amount of tax exceeds 5 thousand, there is an obligation to pay quarterly advance payments.    Dividends are taxed at a 7% rate.

What is the VAT rate in Slovakia?

20%

What business can be opened in Slovakia?

Slovakia is a developing and promising country. You can open any kind of business in any sphere. This can range from opening your own small outlet to sell a variety of goods or a café and up to building a cottage village or skyscraper. It is very important to remember that in order to achieve maximum success you need to personally engage in this business.

Is it possible to buy an existing business?

Yes, the Internet is full of offers to sell an existing business. 

How to buy a business in Slovakia?

Buying a business in Slovakia will allow you to easily enter into contracts with European companies on a direct basis and do business in the EU.   We provide assistance in choosing the right business and drawing up all the necessary documents.   You can consider buying a foreign company that has or does not have a corporate bank account.   In addition, we provide the opportunity to receive nominee service, as well as legal or accounting services for a foreign company.

Can foreigners open a business in Slovakia?

Yes, they can. Slovakia is a developing European country. Legislation here is aimed at supporting and developing business, and investment is supported by government programs. Starting a business in Slovakia is a legal way for foreigners to obtain a residence permit.   Our specialists will provide full support in the process of registration and opening of an individual entrepreneur / a private entity in Slovakia on a turnkey basis.