Financial audit requirements in Latvia are based on Law on the Annual Financial Statements and Consolidated Financial Statements. With more years of experience in audit, we offer a variety of areas of expertise. We are not just certified auditors, but also certified tax consultants, certified accountants, ex-BIG4 managers which in combination provide the best knowledge to address any difficulty you might face.
We provide value from audit by spotting possible improvements and suggestions to improve your financial management.
A statutory audit is a legally required review of the accuracy of a company’s or government’s financial statements and records.
The purpose of a statutory audit is to determine whether an organization provides a fair and accurate representation of its financial position by examining information such as bank balances, bookkeeping records, and financial transactions.
Based on the Law of the Republic of Latvia on Annual Reports and Consolidated Annual Reports companies in Latvia are subject of three types of audit procedures:
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ILA Tax & Accounting Solutions
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