Principles

Principles

Code of conduct

Our objectives as of auditors are the following:

These objectives require four basic needs to be met:

• Credibility: there is a need for credibility in information and information systems.
• Professionalism: there is a need for auditors who can be clearly identified by clients, employers and other interested parties as professional persons in the field of auditing and accounting.
• Quality of Services: there is a need for assurance that all services obtained from auditors and accountants are carried out to the highest standards of performance.
• Confidence: users of the services of auditors and accountants should be able to feel confident that there exists a framework of professional ethics which governs the provision of those services.

Our auditors maintain and practice a code of conduct known as the Code of Ethics for Professional Accountants (IESBA) which governs an auditor’s actions.

This Code lays down common ethical requirements for auditors to ensure the highest quality of performance and to maintain public confidence in the profession.

Ethics

In order to achieve our objectives when performing audit engagements in the interest of public, audit teams and members of FinExpertiza Network comply with relevant ethical requirements (Code of Ethics for Professional Accountants (IESBA), national code of ethics and rules of independence). The members of FinExpertiza Network established policies and procedures which include:

• Integrity;
• Objectivity;
• Professional competence and due care;
• Confidentiality;
• Professional behavior.

If you happen to know about actions contrary to the requirements of ethics, audit standards, laws and regulations, please, report these actions to the Department for quality control and risk management. You can also e-mail us to: info@finexpertiza.com.

Independence

When performing audit engagements in accordance with the Code of Ethics for Professional Accountants (IESBA), the national code of ethics and independence rules, the firms of the network FinExpertiza maintain independence with regard to clients of audit services. Independence comprises independence of mind and independence in appearance.

Independence of mind is the state of mind that permits us to provide an opinion without being affected by influences that compromise professional judgment, allowing an individual to act with integrity, and exercise objectivity and professional skepticism.

Independence in appearance is the avoidance of facts and circumstances that are so significant that a reasonable and informed third party, having knowledge of all relevant information would reasonably conclude a member of FinExpertiza Network's or a member of the assurance team's integrity, objectivity or professional skepticism had been compromised.

Quality

Our first priority is quality assurance, so we regularly perform global monitoring of the quality controls of the members of FinExpertiza Network.

In order to achieve quality and comply with the International Standard on Quality Control, national laws on quality control, we implement the following:

• the companies established policies and procedures that ensure high quality services;
• management responsibilities are assigned so that commercial considerations do not override the quality of work performed;
• regular training is carried out to improve the quality of work and develop skills and professional competence of staff;
• performance evaluation, compensation and promotion with regard to its personnel are based on the quality of work;
• provision of sufficient resources for development and documentation of its quality control policies and procedures;
• our special departments and divisions of quality control organize and ensure effective operation of the quality control system.