Prauditing Srl

Prauditing can deliver the following services:

• Audit
• Organization and Accounting Services
• Transaction, Due diligence & Extraordinary Operations
• Procedures and Business Processes Analysis

Our services

Audit
It is the core-business of the company. This activity includes:

• Legal and voluntary audit of statutory and consolidated financial statements;
• Periodic audit of accounting records on the books
• Limited review
• Opinion on the fairness of conversion ratios or prices of issue of new shares
• Audit of report packages of Italian companies controlled by foreign groups which are drafted according to group accounting manuals referring to IFRS and US Gaap
• Monitoring of projects financed or boosted by means of public or EU funds
• Control of prices and public fares in compliance with national, regional and provincial regulations
• Assessment of press circulation according to art. 11 of the ADS regulations.

Besides, we are able to provide professional support to the Board of Statutory Auditors (in Italy the “Collegio sindacale”)  in order to assist it in the correct application of auditing procedures, when such board is in-charge with the financial statements audit.
Our approach to the customer consists of the following steps:

• Comprehension of the industrial and strategic backgrounds where the customer operates and identification of main business risks (Business Analysis Framework)
• Identification of key controls  in place or to be activated in order to reduce the risks existing in every organization or deriving from the external environment
• Optimization of the audit activity carried on with the highest professional standards and in accordance with  the National and International Standards on Audit, also minimising the impact on the operating structures of the customer
• Careful planning of the work and constant and straight  dialogue with the Management in order to promptly identify the possible auditing issues and to adopt consequently with the highest care, the most suitable solutions
• Suggestions to Management for filling possible lacks of the organisation and/or of the internal control system (Management Letter).

It is our opinion that this kind of approach allows the optimization of the audit activity also exploiting benefits for the customers, given the common aim to look for the best solutions for both the organisation and the auditor.
Our peculiarity is represented by the strong involvement of the engagement Partner, that enables the customer to be constantly in contact with a highly qualified reference with great experience.

Organization and Accounting Services
Our company can help clients in the following areas:

• Assistance and support for defining consolidation procedures and for the drafting of consolidated financial statements
• Assistance and support for the preparation of financial statements drafted according to International Accounting Standards IAS-IFRS and US-GAAP
• Diagnostics on the correct application of the Local or International Accounting Principles.
• Support in the definition of inventory taking procedures
• Internal Audit Support
• Assistance on accounting reorganization projects
• Analysis, evaluation and checking of the Internal Control System and of the company & management reports
• Assistance for “Law 231” projects
• Business model analysis and business risks identification
• Assistance and support for the preparation of Business plans.

Transaction, Due diligence & Extraordinary Operations
Prauditing has a thorough experience in extraordinary transactions and can assure a high qualified service, which  includes:

• Business review and financial due diligence in case of M&A, reorganizations etc
• Data room review
• Evaluation of long term plans reliability and feasibility
• Assessment of net asset value of companies and SBUs (expert’s report)
• Assistance to arbitrations, bankruptcy procedures, and Court expert assessments
• Assistance for the preparation of Information memorandum.

Procedures and Business Processes Analysis
Our company can help clients in the following areas:

• Definition of organizational structures and organization charts
• Analysis and definition of operative procedures
• Evaluation and definition of roles, tasks and responsibilities
• Evaluation of technical means and supports to CFOs
• Evaluation of the Management Information System.