Nexia Eurostatus maintains a quality control system that is designed for the needs of our clients based on the rules and standards of the local and international professional and regulatory bodies such   as the Institute of Certified Auditors and Accountants of Greece, the Accounting and Auditing Standards Oversight Board (ELTE), the International Federation of Accountants (IFAC), as well as the International Standards on Quality Management (ISQM) 1. 

     The Basic Quality Controls are the following:

  • Commitment to professionalism and Integrity
  • Objectivity and Independence
  • Personnel Management and Continuous Training
  • Procedures for acceptance and continuance of clients and engagements 
  • Engagement Performance
  • Monitoring

       With the use of these controls we focus on:

  • Gaining a thorough understanding of the client's business
  • Assessing where there is a risk of material mis-statement in the financial statements subject to audit and considering the client's controls to address those risks
  • Planning and performing audit tests designed to obtain evidence of the key financial statement assertions
  • Reviewing and controlling procedures that ensure the planned work has been carried out and that appropriate conclusions have been reached
  • Forming an opinion and reporting correctly that opinion