The audit of EU projects is conducted by an external entity independent of the audited unit. External audit of EU projects is the scope of work aimed at obtaining evidence allowing the auditor to rationally ensure that the project is being implemented in accordance with the agreement and the project funding application.

The result of the audit should be assurance bordering on certainty that the expenditures incurred under the project are eligible, and that the project being implemented complies with the agreement and the application, with an opinion issued in this regard. External audit aims to obtain grounds for confirming the credibility of data, both numerical and descriptive, contained in the documents submitted by the Beneficiary related to the implemented project.

The audit primarily includes checking:

• Whether the Beneficiary is implementing the Project in accordance with the funding application (complete application documentation), the agreement, and applicable laws;
• Whether the Beneficiary's internal control procedures ensure the correctness of project implementation, reliability, and credibility of documents submitted in connection with implementation;
• Whether the Beneficiary has an audit trail in financial and accounting matters;
• Whether the Beneficiary has appropriate financial and accounting procedures and procedures related to project implementation to reasonably ensure the correctness of the project;
• Whether the Beneficiary maintains separate accounting records for the Project;
• The eligibility of expenditures, the manner of their documentation, the credibility and reliability of payment requests;
• The conformity of payment requests with the Beneficiary's accounting records in the part concerning the Project;
• The credibility of payment requests regarding project implementation reporting, regarding factual data and achievement of assumed objectives and indicators;
• The method of storing project documentation;
• Whether the Beneficiary has implemented recommendations from conducted audits/controls and addressed any irregularities;
• Whether the Beneficiary, in terms of information and promotion, complies with the provisions of the Project funding agreement and applicable guidelines in this regard;
• Whether the Project complies with community policies.

To determine whether the Project is being implemented in accordance with the Project funding agreement and whether the expenditures are eligible, in particular, the following are checked:

• Documentation related to the Project;
• Whether the actions provided for in the funding application for Project implementation were actually undertaken;
• The method of archiving documents that allows tracing the expenditure path from the submission of the payment request to individual invoices;
• Whether the expenditures listed in the documents were actually incurred, i.e., confirmed by proof of payment, and whether the actual tangible effect was achieved;
• The eligibility of the expenditures incurred, the manner of their documentation, and their inclusion in the Beneficiary's account specified in the Beneficiary's chart of accounts; the conformity of the amounts resulting from payment requests with the accounting entries, broken down into individual eligible amounts;
• The credibility of Project implementation reports provided by the Beneficiary, through verification and confirmation of work performed, the existence of purchased goods, and services ordered under the Project;
• Rules regarding the promotion and information of the Project;
• The method of monitoring the Project (achievement of the Project objective), reporting on the progress of Project implementation, and adherence to the schedule of Project tasks and subtasks, confirmation of the conformity of reporting documents with the actual state;
• The correctness of the tendering procedures applied (if applicable).

We offer our clients professional financial audit services, which include examinations, reviews of financial statements, including consolidated statements, or other attestation services as specified in separate regulations or financial audit standards.

The service is attestation in nature if it contributes to improving the reliability of information regarding a specific issue by assessing whether that issue is – in all material respects – in accordance with relevant criteria, thereby increasing the likelihood that this information will meet the expectations of the intended user. In this sense, the level of assurance provided by the auditor's report determines the degree of confidence that the user can place in the reliability of the specific issue.

In a market economy, individuals managing companies or their areas are almost daily forced to make difficult decisions affecting the condition of the company or even determining its further development. In order to make appropriate choices, current, reliable, and comprehensive information is necessary. We offer support in this area by providing professional economic and financial analyses and expertise.

Financial analysis is a useful tool both in current company management, verifying the appropriateness of conducted activities (investments, processes), as well as in planning and building the company's development. In financial analysis, we rely on, among other things, the analysis of financial statements (balance sheet, profit and loss statement, cash flow statement) and elements shaping financial performance (revenue from sales, costs), ratio analysis, including financial liquidity, profitability, productivity, and efficiency. Through the conducted financial analysis, we can identify cause-and-effect relationships affecting the financial situation of the enterprise and propose effective improvements or build a comprehensive model to improve the financial situation.

As part of financial analysis, we also offer a reliable assessment of the attractiveness of planned ventures, business plan preparation, and business valuation.

Economic analysis enables determining the actual potential of the enterprise, choosing an optimal development strategy, or type of investment. Through economic analysis, we can predict the economic effects of a given project, define what actions should be taken for the venture to be successful, or improve the company's economic situation.

In particular, we develop projects related to:

• feasibility studies of investment projects,
• comprehensive and efficient support in the process of obtaining funds from structural funds,
• preparation of financial analyses, business plans, analyses of the effectiveness of investment projects, strategic plans, due diligence analyses, etc.,
• business valuations, asset valuations, contribution valuations,
• restructuring and recovery programs,
• implementation of controlling systems,
• company account plans for various types of economic entities, document circulation instructions, internal control instructions, inventory instructions.

Outsourcing of accounting services is a service that is gaining popularity lately. Thanks to this, a company can focus its resources and financial means on the most important tasks of its core business area, which ensure its market success. Due to the complexity and constant changes in tax and accounting law, entrepreneurs decide to entrust their accounting books to specialized external companies. Savings in human, local, and equipment resources, and thus financial resources needed to create an accounting department, are allocated to the main business activities, which greatly facilitates achieving market success.

Finance and IT Sp. z o.o. specializes primarily in providing comprehensive accounting services for various types of enterprises operating in the Świętokrzyskie Voivodeship, including Kielce. We offer you a comprehensive service from the creation of accounting policies to the maintenance of accounting books (commercial) in such a way that accounting serves as a useful tool in managing your company and stimulates its development.

To confirm the level of our competence, we would like to emphasize that the books and records conducted and supervised by our experts have been audited by Tax Offices and subjected to financial audits multiple times, always receiving positive opinions – correctly maintained and reliably presenting the situation of the companies that have trusted us.

As part of the services related to the maintenance of accounting books (commercial), we currently offer you:

• Access to professional knowledge on taxes, national and international accounting standards, as well as legal aspects of organization and management of the enterprise,
• Maintaining books, required registers, and records in accordance with regulations,
• Representation before tax authorities and other institutions based on the granted power of attorney,
• Assuming the obligation of tax reporting (declarations, reports, INTRASTAT, and others),
• Preparation of other mandatory official reporting (Social Insurance Institution, Central Statistical Office, National Disabled Rehabilitation Fund, National Bank of Poland, National Court Register) and institutional (credit, factoring, leasing, and other institutions),
• Preparation of annual Financial Statements,

We comprehensively implement the requirements of the General Data Protection Regulation (GDPR) in your company. Regardless of the chosen model of personal data protection (based on the appointed data protection officer or directly by the data controller), we are able to adapt your organization to the requirements of the law and the expectations of contractors, clients, or stakeholders.