An Increasing amount of laws and regulations, a rapidly changing market, new revenue models, increasing dependence on ICT and cybercrime make ever greater demands on flexibility and resilience in organisations. Now more than ever, it is important for a business to be fully in control of its processes. Not only in respect of accountability, but also to give you the ability to quickly make adjustments in relevant situations.

At BDO Audit & Assurance we believe that audits are not only a means of accountability towards stakeholders, but can also deliver strategic value for the management board and your regulatory bodies. Audits can be used to evaluate and improve your overall risk management, governance and process control. BDO Audit & Assurance is providing audit & assurance services to a broad range of clients like banks, insurance companies, pension funds, investment funds and asset managers.

If you let BDO carry out your audit, you can be assured of:

• compliance with laws and regulations;

• proactive and short lines of communication;

• accurate assessment of your administrative organisation;

• independent external reports;

• an audit certificate for your annual accounts.

Audit of Financial Statements 

A proper audit of your financial statements is very important. It gives your stakeholders confidence in your financial position. An audit of financial statements is usually required by law, but may also be incorporated in the articles of association (distinction between a legal and a statutory audit). Financers,

investors or owners of your business may also insist on it. An audit by BDO stands for quality and efficiency. We always adhere to an audit philosophy that focuses on risk management. What also characterises our work method is that we primarily focus on concerns that are very relevant for your organisation; only decisive factors determine the audit process. Thanks to this approach we always know whether you are still in control and what the areas of improvement and concern are.

Corporate Responsibility Reports and Integrated Reporting 

Socially responsible business practices make business sense. It is socially and environmentally more sustainable, more efficient and therefore (in the long term) more profitable, which sooner or later will be evident in your annual figures. Apart from results, it is good to show your customers and stakeholders what you do about your social responsibilities. BDO can help you with your corporate responsibility reports. From an initial draft of the contents and format to a professional, thorough assessment of an existing report against today’s standards.

There is no legal obligation to produce corporate responsibility reports yet, but for this reason they are of great value to an organisation. Large, established businesses, medium-sized (family) businesses and investors use these to show that they accept their responsibilities for the world in which they operate. Our auditors assess your data and the underlying systems and measuring methods in a review of your corporate responsibility report, for example with regard to employee satisfaction and your CO2 emissions. We compare your data with the so-called GRI standards and based on that we produce an audit opinion with tips and recommendations.

Third Party Assurance 

It’s increasingly common for customers, business partners and stakeholders to expect assurance reports (e.g.ISAE3402, SOC1, SOC2) to demonstrate the strength of a company’s internal controls. Especially with the current trend of outsourcing various services and the tight requirements from regulators to enforce a degree of monitoring. Additionally, assurance reports can also give you an edge over your competition by offering transparency into your business’s processes and controls.

We have extensive experience across the full spectrum of assurance reporting. Our highly responsive team of seasoned professionals work quickly to address your questions while comprehensively testing your internal controls. With the resulting report, you’ll build confidence in your control environment with your customers, stakeholders and potential investors.

Other assurance 

Being sure about your figures is nice, but this reassurance does not always require an extensive audit. Sometimes a review engagement is sufficient: checking your financial records, such as interim (turnover) figures.

In a review engagement the accountant reviews the main features of your organisation. The auditor will check how you arrived at your figures, what regulations apply to these and carries out analytical procedures.

A BDO review can also relate to non-financial information.

Maurice Meijer

Partner Audit & Assurance

E maurice.meijer@bdo.nl

T +31 (0)20 543 21 73

Werner Hoeve

Partner Audit & Assurance

E werner.hoeve@bdo.nl

T +31 (0)30 284 98 09