AUDIT

In the Law for trade companies which entered into force on 08-th of May 2004year, finally in Macedonia, the audit gets the place which this profession has in the contemporary market economies. In typical conditions of a market economy, were the divergence of the ownership from the management of the company takes a great part, as a result of the greater movement of the capital which exceeds the national borders, the only way for control of disposal and impregnation of the capital is the audit of the financial statements. With audit the use value of the financial statements is been increased, and they give higher safety for the actual and potential investors, banks and other beneficiaries of the financial statements.

Who can make audit according Law for trade companies?

In the Law for Trade Companies, in Article 3 where are described the used terms, dilemma about who can make audit work is resolved, and that is the person (certificated auditor) who performs audit according to the Law for Audit. The Article 3 from the Law for Audit is concrete and says that: Audit can be performed by company for audit.
Audit can be performed by domestic and foreign audit company under the condition that that company is registered for performing such activity in Republic of Macedonia, according to this Law and the Law for Trade Companies.
Audit Company Baker Tilly Makedonija performs the audit according to the International Standards for Audit and it also holds on the Ethics Codex for Professional Accountants of IFAC, the Law for Audit and the Law for Trade Companies.
The audit company Baker Tilly Makedonija is performing the following forms of audit: 1) Audit of annual statements and financial statements
2) Audit of consolidated annual statements and consolidated financial statements
3) Special audit on request of stockholders
4) Audit during establishment of  the stockholders company
5) Audit during the increasing of the stockholder’s equity of the limited liability companies from the reserves
6) Audit in procedure of increasing the stockholder’s equity of the stockholder’s companies from the assets of the company
7) Audit of the agreement and plan for separation of the trade companies

Creditworthiness Baker Tilly Makedonija

Certificate for Represented Auditor

Except the audit obligated by the Law for Trade Companies, an audit can also be inquired by other legal and sub legal acts. For example, for getting license for appearance in competitions in organization of UEFA, the football clubs, by the license commission of FFM are obligated to do audit. That means classical audit of financial statements according to IAS 4400 where the auditor should give opinion whether the club meets some special strict requirements of UEFA.

The Audit Company Baker Tilly Makedonija shows appreciable success in performing of audit of projects financed by the European Bank for Reconstruction and Development as well as by other European financial institutions.

According to the fact that the audit of the financial reports of medium and big companies is necessary obligation according to the Law for Trade Companies, it is also seen as unnecessary expense. Because of these reasons, our audit company insists, except as expense, the auditor’s services to be understood as useful tool that would discover and correct some irregularities in the accounting system, and we are also on disposal during the whole year for free consulting services. With this kind of access, this year we have discovered many irregularities at our clients which for tax aims could have caused damages in the future.

Clients of the audit company Baker Tilly Makedonija divided by the activities: