Compliance opinions and testing your internal control elements

Compliance opinions can be very useful for organisations to strengthen their reputation and drive long-term success.

A compliance opinion issued by an auditor will increase your trustworthiness in the eyes of partners and regulators. This will give your stakeholders, such as shareholders, creditors and funders, comfort about the completeness and truthfulness of particular information or processes.

Ensuring compliance issues are addressed in relation to a specific issue or problem. This allows the company and its management to explain accurate information and processes to stakeholders.

When developing a compliance opinion, the auditor can identify weaknesses in the internal control system or recommend improvements. This helps the company strengthen its internal control environment and risk management.

A compliance statement can have a positive impact on a company's relationships with banks, investors, and other partners. It can promote better collaboration and access to financing.

Our services

Compliance opinions
Assessment based on the COSO integrated framework
European funds and state aid
SOX, SOC/ISO 27001 compliance reports

Compliance opinions

Our team provides services according to ISRS 4400 ‘Agreed-Upon Procedures Engagements’ (Revised) and ISAE 3000 ‘Assurance Engagements Other than Audits or Reviews of Historical Financial Information’ (Revised) and tailors its services to meet the client’s needs depending on the goal of review and the required level of assurance, offering a wide range of compliance assurance services, including:

Review of your financial information (cash flows, EBITDA, borrowing costs, costs incurred, etc.)
Review of how you perform your agreements with banks
Assurance of your organisation’s revenue/turnover
A report on your management KPIs
Assurance of your compliance with relevant laws and regulatory requirements
Other assurance services to be agreed and tailored to meet your needs

Assessment based on the COSO integrated framework

Effective internal control is the cornerstone of a risk governance programme. Internal control is a tool in need of constant improvement to help your organisation achieve its goals and protect it from financial, operational and strategic risks.

Our service offerings include:

Creating a system of internal controls according to the size, complexity, business model and risk profile of your organisation (developing procedures, policies, risk assessments and other elements of your control environment)
Assessing your internal control system and preparing recommendations to improve your control environment

European funds and state aid

Projects being funded by non-repayable financing from EU funds, EEA and Norwegian funds or state subsidies must comply with applicable laws and regulations to secure the eligibility of relevant declared costs. This can be achieved by imposing strict governance on your financial projects and performing reviews designed to focus on your project risk areas. It’s crucial that you undertake a careful analysis of costs early on, to be declared by beneficiaries to avoid non-compliance risk.

Our cost eligibility audit team offers testing and consulting services tailored to meet your special needs in private and public sectors and provides services according to ISRS 4400 ‘Agreed-Upon Procedures Engagements’ (Revised) and ISAE 3000 ‘Assurance Engagements Other than Audits or Reviews of Historical Financial Information’ (Revised).

SOX, SOC/ISO 27001 compliance reports

We provide services helping organisations prepare themselves to meet the requirements of Sarbanes-Oxley, ISO27000, SOC and other similar rules, as well as testing compliance with these requirements.

On each of these services, our team works closely with clients to create compliance programmes, transfer our expertise, and support the successful implementation of SOX, SOC1, SOC2 or ISO 27001 requirements.