New audit orders from network clients

The reporting period, standards, recipient, material areas and deadline are defined. For a statutory audit, UBC takes into account the requirements for the audit entity and independence. For a voluntary audit, attention focuses on the owner's questions: revenue, inventories, settlements, taxes, related parties or readiness for an investment transaction.

The partner assesses the accounting volume, branches, systems, document quality and participation of specialists and, before accepting the assignment, states the team composition, methodology, deadlines and form of the result. The client understands in advance which procedures are performed, which materials the accounting team prepares and what will be set out in the final document.

For an auditor, the UBC network is an additional source of clients in their field. The commercial result of a joint audit assignment is divided according to the partner's agreed role and the volume of work performed. If the client requires accounting corrections, tax advice, corporate changes or legal documents after the audit, the partner may transfer the related part through the network and remain responsible for the audit task.

The contract records the subject, responsibility, confidentiality and procedure for communication with management. The director appoints responsible employees and approves access to the required data. The auditor independently determines professional procedures and conclusions, preserving independence from the client and coordinator.

UBC helps prepare the data request, calendar and responses to organisational questions. After completion, the manager receives the audit document and a list of management observations in the agreed form. Recommendations are allocated to responsible persons so that the analysis results support the next reporting period or transaction.

The partner receives a description of the type of audit, reporting period, recipient of the audit document and desired completion date. UBC transfers the assignment to an auditor with the relevant specialisation and agrees the organisational conditions of work. The owner agrees the partner's participation already understanding which materials the auditor will request and which document will be received after the analysis.

• purpose of the analysis, period and planned recipient
• financial statements and trial balances
• description of accounting, branches, systems and material operations
• contracts, primary documents and information about related parties
• agreed date and contact details of the audit project manager

Accounting, tax and corporate support through UBC

The professional part is performed by an independent auditor with the relevant specialisation. UBC receives and clarifies the request, helps agree the task and controls the completeness of the result. Contractual relations, price and responsibility are formalised under the agreed performance arrangement, which the client knows before work begins.

1. The task description and available documents are received.
2. The required audit specialisation, reporting period and format of the final document are defined.
3. UBC takes into account the auditor's professional status and experience with the relevant type of task.
4. The parties agree the scope of the audit task, deadline, price and type of final document.
5. UBC organises contact with the client and acceptance of the agreed audit result.

A separate agreed analysis, voluntary audit or broader audit of financial statements can be ordered; the scope is determined by the objective. The price is calculated taking into account the period, number of transactions, branches, state of accounting and urgency. If costs need to be controlled, the owner can define in advance the specific accounting areas or questions genuinely required for the decision.

The price calculation is prepared after clarifying the type of audit, period, number of legal entities, reporting standards and desired deadline. It is stated separately whether stocktaking, travel, balance confirmations or participation by another specialist are required. When comparing auditors' proposals, the owner can compare price, scope of analysis, document delivery time and the provider's professional status.

The auditor's work is accepted against the agreed type of audit document and confirmation that the stated period and subject of analysis have been covered. The auditor must receive the complete set of data for the selected areas and access to responsible employees. If the report contains comments, the director may request an explanation of their financial significance and determine which corrections the accounting team should make before the next reporting date.

During acceptance, the client assesses not the volume of correspondence but the work delivered: a document, report, calculation, position or other agreed analysis result. Comments are collected in one version, and changes are linked to the source task. The professional conclusion remains the responsibility of the independent auditor; UBC controls the agreed scope and delivery of the complete set to the manager.

After completion of the analysis, the owner receives the agreed audit document, a list of material comments and materials confirming the period and accounting areas covered. The director allocates required corrections between the accounting team and responsible employees and records completion deadlines. The completed set can be used for reporting, negotiations with an investor or bank, or during the next independent analysis.

The partner receives a specific audit assignment and understands in advance which document must be delivered at the end: an audit report, opinion on the financial statements, pre-transaction analysis materials or a conclusion on an agreed accounting area. Before work begins, the period, requirements for source data and the date when the completed document can be used by the owner, investor, bank or transaction are also defined.

If an audit is performed annually, it is useful to keep the composition of source reconciliations, accounting closing deadlines and the list of employees who answer the auditor's questions. For a one-off pre-transaction analysis, the report and list of identified corrections can be retained as a basis for negotiations and the next reporting period. During the next independent analysis, the already prepared set will reduce the time required to collect documents again.

Before engaging an auditor, the owner defines the period, objective of the analysis, users of the report and the decision to be made after receiving the audit document. The accounting team closes the ledgers and collects reconciliations, contracts, primary documents and confirmations of material balances. The director appoints employees who can explain operations and transfer the source files.

How an auditor participates in a joint order

Before engaging an auditor, UBC defines the period, objective of the analysis, users of the report and the decisions to be made on the result. The accounting team closes the ledgers and collects reconciliations, contracts, primary documents and confirmations of material balances. The manager appoints employees who can explain operations and transfer the source files.

UBC agrees the scope of the task, calendar and question procedure with the independent specialist auditor. Comments are collected in one register with responsible persons and response deadlines. The owner or director receives the final document, a clear picture of corrections and a set of materials for an investor, bank or the next reporting period.

A partner auditor can receive new specialist orders from network clients and use UBC support for accounting, tax, corporate and regional matters. Roles and commercial terms are agreed for the specific assignment. We will be pleased to discuss your audit specialisation and opportunities for cooperation.