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We provide audit and assurance services designed to deliver value and ensure confidence of investors, regulators, business partners and lenders in your business. Internal audit is not just a watchdog of activities and internal controls within an organization, it is also a business catalyst, and, if done right, can provide valuable advice to management and the board of directors. We are one of the first ten audit firms registered with the Chamber of Financial Auditors of Romania (CAFR). We are also an ACCA member.
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www.ascentor.ro
Assurance and Risk Management
Building trust. Enhancing performance.
ASCENTOR – Assurance & Risk Management
Assurance Building trust in your business
Financial audit
We provide audit and assurance services designed to deliver value and ensure confidence of
investors, regulators, business partners and lenders in your business:
• Audit of statutory financial statements (OMFP 3055/2011)
• Audit of IFRS, US GAAP and group reporting financial statements
• Advice on controls and process weaknesses and/or non-compliance
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ANB Consulting, our audit firm, is one of the first ten audit
firms registered with the Chamber of Financial Auditors of
Romania (CAFR). We are also an ACCA member and ISO
9001 certified for financial audit and internal audit. No. 2545738 No. 10/2001
Attestation and other non-audit assurance
We address the most complex financial audit engagements in
various industries :
• Attestation of corporate and management reporting
• IFRS reporting
• Regulatory reporting
• Agreed-upon-procedures (ISRS4400) and attestation
(ISAE3000) engagements
• Project audits
• Compilation of financial statements and forecasts
• Accounting advisory
• Risk assurance
• Sustainability reporting
Registrations are under ANB Consulting SRL
ASCENTOR – Assurance & Risk Management
Internal Audit Transformation from a watchdog to a trusted business advisor
Internal audit
The practical and business oriented internal audit
approach positions us as trusted advisors to the
board and shareholders:
• Full internal audit outsourcing
• Internal audit co-sourcing (e.g. acting as head of
internal audit or leading specific internal audit
missions)
• Risk assessment for internal audit purposes
• Operational audits (e.g. procurement reviews,
working capital, treasury, HR, sales & marketing)
• Special ad-hoc audits and investigations
• Sarbanes Oxley Section 404 readiness assessments
Capacity building
We can help your internal audit department deliver real
and continuous value, thus becoming a trusted business
advisor to top management and the board:
• Development of the internal audit department
• Trainings to internal auditors in specific matters
• Design and implementation of an internal audit
framework, including policies and procedures
• Reduction of compliance program costs
Internal audit is not just a watchdog of activities
and internal controls within an organization, it is
also a business catalyst, and, if done right, can
provide valuable advice to management and the
board of directors. ASCENTOR can help you
integrate compliance, controls and risk
management activities with your vision, mission
and shareholder expectations, delivering real
value and performance improvement.
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ASCENTOR – Assurance & Risk Management 4
As risks threaten strategic objectives related to growth and profitability, executives are realizing the
importance of implementing good governance practices to facilitate proper oversight of the business
and ensure compliance with changing regulations. ASCENTOR provide services that are designed to
help you create and maintain value and enhance management of strategic, regulatory, financial,
operational and compliance risks on a sustained basis.
Governance and Compliance Are you in control of your business?
Governance services
We can help you assess and mitigate the fraud risks
specifically applicable to your business:
• Definition and implementation of corporate oversight
framework, roles, responsibilities, codes of conduct,
policies and procedures
• Board and committee assessments
• Board development programs on specific topics, such
as risk oversight, crisis management, performance
assessments, and executive compensation
Regulatory compliance
We can consistently and proactive strengthen your
organization, instead of having to react to the next
regulatory matter:
• Internal controls improvement in corporate and
regulatory reporting
• Employee training
• Assurance of compliance with ethical and regulatory
standards
• Regulatory risk profile through strategic benchmarking
of competitive position and performance
• Sustainability, health and safety
ASCENTOR – Assurance & Risk Management
Many organizations are not getting the full value out of their businesses because their risk management
processes are disconnected and information is not shared. One of the most frequent arguments we have
heard over the years is that risk management slows down a business. On the contrary; if done right, we
believe that it can make your business go faster and help you achieve your strategic objectives while
minimizing costs. We can make it happen for your business.
Our services
We provide the following services:
• Definition of the risk universe applicable to your
business
• Assessment of enterprise risks
• Assistance in risk mitigation
• Diagnostic and improvement of the risk
management processes
• Assessment of strategic and commercial compliance
and direction of your organization
• Risk management tools and dashboards
• Assistance in optimal technology utilization for
achieving your business strategy
• Finance and operations risk transformation
• Assistance in revenue assurance and loss prevention
• Project assurance and assistance in project
management
• Compliance assistance in large scale investment
projects
• Business controls assurance and optimization
• Commercial due diligence and assurance, including
contract compliance services
• Third party assurance in the form of ISAE3402, SSAE16
or SAS70 reporting
• IT and process controls assurance
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Enterprise Risk Management Mitigating business risks in a challenging environment
Strategic Risks Operational Risks Financial Risks Regulatory and
Compliance Risks
Fraud and
Misconduct Risks
Sustainability,
Health and Safety
Risks
Human Resource
Risks
ASCENTOR – Assurance & Risk Management
Technology risk & governance
We can help you better manage your IT&C risks and
implementation projects:
• Development of IT&C procedures for users and IT personnel
• IT&C risk assessment
• Software, system and service provider selection
• Business continuity planning
• Reorganization of the IT&C management structures and
processes in line with COBIT and ITIL standards
• IT&C strategy development
• PMO and compliance management in large-scale IT&C
implementation projects
• Assistance in post-deal IT&C integration
Systems attestation
Our team of Certified Information Systems
Auditors (CISA) can perform attestation
engagements in order to bring credibility to
your IT&C systems and platforms in the face
of business partners, regulators, government
agencies and customers:
• Attestation of management assertions on
IT&C systems (functionality, capacity and
scalability, privacy and security, etc.)
• Compliance reviews in line with COBIT, ITIL,
ISO27001 standards
• ISRS440 / ISAE3000 attestation
engagements
• Attestation of internet banking and
electronic payments systems in line with
National Bank of Romania requirements
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IT&C Risk Consulting Managing your technology risks and attesting your systems
In today’s complex and changing technology landscape, no business is immune to IT and
communication risks. ASCENTOR can help you identify and mitigate your technology risks, ensure
compliance with worldwide standards of IT management and oversight, and present credibility and trust
to your business advisors through systems attestation.
Prof. Dr. Eden Ali
Audit, transactions, expert accounting, litigation
support, training
Kemal Özmen
Forensics & litigation support, risk management,
processes and controls, IT advisory and audit
Nadir Ali
Audit, internal audit, risk, operations, finance
Building trust.
Enhancing value.
Contact
Dan Iancu
Strategy, operations, finance, transactions, change
management
Radu Văcărelu
HR and change management
ASCENTOR Business Services SRL
Phone / fax: +40 21 319 5354
e-mail: [email protected]
Web: www.ascentor.ro
Office address
12A Docentilor Street, Sector 1
RO-011403, Bucharest, Romania
Trade Registry: J40/1847/2014
CUI: 32799705
Copyright 2014 ASCENTOR Business Services SRL. The information contained in this presentation is provided for
general guidance and is intended to offer the reader general information of interest about the firm ASCENTOR
Business Services SRL and its services. The information provided is not intended to replace or serve as substitute for
any audit, advisory, tax or other professional advice, consultation or service. You should consult with an ASCENTOR
Business Services SRL representative to obtain such services.
Building trust
Enhancing performance
www.ascentor.ro
