If you are interested in working with us, you can contact us whenever you want. Your applications are dealt with in total confidentiality.

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We have experience in the following industries:

Airports

Consumer products

Oil Downstream & Upstream

Power & Utilities

Real Estate & Construction

Retail & Distribution

Telecommunications

Public Sector

Not-for-profit

Assurance

Audits in accordance with ISAs:           The audit approach adopted by Avanntive Consulting is based on ISA and combines a deep understanding of the changes of today’s competitive business climate and our experience in evaluating the risks your business faces. We provide additional value to your business in addition to the assurance of the financial statements. In the audit process we go through in-depth analysis of your financial statements, internal controls, and overall business. We provide valuable input on the current status of your internal controls and the ways how to improve them.

Other attestation services:                    We provide other attestation services such as agreed-upon-procedures on those account balances and classes of transactions that interests you, review procedures, audits of internal controls, compliance audits with covenants or other regulatory compliance requirements, etc.

Internal audit services:                         Assisting you to set up an internal audit function which will help the management to be aware and address business and process risks and achieve its business goals. We at Avanntive Consulting use a process-oriented approach, and we focus on aligning the right internal controls with company risks and exposures.

Accounting

Compilation of IFRS and NAS

financial statements:                            We provide technical assistance and methodological guidance in the preparation of your financial statements in conformity with IFRS and / or Albanian NAS. This process is tailored in a way that helps your account to learn from the on-the-job training, and make use of the knowledge earned in future years.

Conversion from NAS to IFRS:             We assist you with the process of adopting IFRS and the conversion of the basis of financial statements from local standards into IFRS so that to align your financial reports with your parent company’s reporting framework, or to comply with new regulatory requirements. We at Avanntive Consulting assess the impact IFRS will have on individual aspects of your business, tailor an IFRS implementation plan to your specific requests and needs and provide IFRS technical support.

Training on NAS and IFRS:                  The aim of training courses is to respond to a growing need for training on IFRS, and particularly IFRS on SME, and Albanian NAS. The training courses also act as a venue for a forum of accounting professionals, where the major accounting concerns can be raised and debated. Training modules are focused on the preparers of the financial statements; they contain lectures (presentation from the instructor), case studies (work in groups) and a mock exam at the end of the training session, followed by a certificate upon successful completion of the course.

Advice on IFRS and NAS accounting

issues:                                                 We do provide advice on IFRS and NAS treatment of areas of your concern, being a new transaction or investment entered recently or that you are planning to engage in. Our advice is based on the specifics of your business issue, yet fully compliant with the relevant framework.

Tax

Tax Advice:                                          Tax structuring and restructuring of newly established or existing businesses, tax refund procedures,  tax planning and efficiency, tax reviews, application of double tax treaties, assistance during administrative appeal procedures and court procedures, tax due diligence.

Tax Accounting:                                   Preparation of journal vouchers, inputting the accounting entries into the accounting system, processing incoming supplier invoices, preparing and processing sales (fiscal) invoices, processing bank transactions, cash transactions, etc., maintenance of the journal ledger, general ledger and sub-ledgers.

Indirect and Direct Tax Compliance:     Preparation and submission to relevant tax and labor authorities of monthly, quarterly and yearly tax returns.

Fiscal Representative:                          Acting as your VAT tax representative, including registration, deregistration, tax filing and ongoing support.

Payroll:                                                Comprising preparation and submission to the tax authorities of standard payroll reports, monthly payroll related tax returns, preparation and submission to the labor office of the documents related to employment, preparation and submission to the labour office and to the tax office of the documents related to employees newly hired and for those whose contract is terminated, expatriate payroll administration.

Secretarial Services:                            Assisting you with maintaining correspondence with third parties on your behalf.

Advisory

Business plans:                                   Assisting you with building up business plans for purposes of accessing credit facilities or other based on forecasts of the financial effects of a new business or restructuring of existing business and determining key performance indicators for a variety of performance scenarios.

Business valuation:                              Assisting you with building up business models based on forecasts of the financial effects of a business restructuring and determine a range of value of your business.

Financial due diligence:                       Assisting you with acquisition and / or vendor financial due diligence that involves gaining an understanding of the target company, identifying key value drivers and key risks, analyzing and presenting findings for the decision makers, organizing and managing data room for interested investors, etc.

Feasibility studies:                               Assisting you with conducting feasibility studies for purposes of accessing credit facilities or attracting investors based on forecasts of the financial effects of a new business or restructuring of existing business and determining key performance indicators for a variety of performance scenarios.