Assurance Services

The Assurance Services practice comprises internationally trained Romanians and foreign accountants. All Assurance Services staff are familiar with local and international accounting practices. As part of our long-term development strategy, PwC Romania requires its local auditors to obtain an internationally recognised professional qualification in accounting (UK ACCA) to enhance their understanding of International Financial Reporting Standards and International Standards on Auditing.

PwC's knowledge and experience gained over the period of reform in all of the former Eastern European countries, enables its specialists not only to advise on audit and non-audit matters, but also to put them in context and to advise on the likely impact that the pace and direction of economic and financial change will have on a commercial activity in Romania.

As a result of a long-term presence on the local market PwC Romania has developed strong relationships with key contacts, including government ministries and leading professional organisations. These relationships enable the firm to be well placed to assist in resolving queries on accounting, reporting and related regulatory issues.

Services available include:

• Audits in accordance with International Standards on Auditing (ISA) or other generally accepted auditing standards
• Compilation of financial statements in accordance with International Financial Reporting Standards (IFRS) or other recognised accounting standards (US or UK GAAP)
• Compliance audits (National Securities Commission and National Bank of Romania)
• Internal audit
• Systems and Process Assurance (SPA)
• Training in IFRS, Statutory Accounting Rules and others.