2026
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Professional Audit: Ensuring Reliable and Transparent Financial Processes

An audit is a professional and independent assessment of a company’s accounting and financial statements.
PUBLISHED
1 May 2026
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2 MIN
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Table of Contents

Reliable information about a company’s financial processes is essential for analyzing its performance and developing its business strategy. An audit can help to obtain this information.

When is an audit required?

An audit is a professional and independent assessment of a company’s accounting and financial statements.

It may be required by law, in which case it must be conducted in accordance with the procedures and within the timeframes established by law. A company may also choose to initiate its own audit, in which case it can be conducted at a time of its choosing.

Companies typically conduct audits:

  • when changing the CEO or CFO;
  • before a tax audit;
  • before a business reorganization (merger, sale of the business, opening a branch);
  • if there are concerns about the accuracy of accounting records.

Objectives and goals of an audit

The auditing company BULR helps businesses in Chisinau solve the following problems:

  • verify the reliability of their financial reporting;
  • evaluate the relevance of their accounting policies;
  • analyze contracts for civil and tax risks;
  • analyze accounts payable and receivable, and develop a strategy for managing them;
  • identify weaknesses in their management and internal control systems.

How an audit is conducted

An audit is a time-consuming process that requires both the company and the auditor to be prepared. During the preparation phase, the audit schedule is determined and the goals and objectives are specified. The audit itself consists of the following stages:

  • Collecting and analyzing information: the auditor examines the company’s primary documents, charter, and accounting policies, and draws conclusions about their compliance with legal requirements.
  • Making recommendations to correct any identified discrepancies.
  • Preparing a report that details the results of the audit.

Entrust the audit to one of the best accounting companies in Moldova.

BULR is a company of experienced specialists who take an individualized approach to each client. Our experts are ready to work with you to achieve your goals.

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Questions & answers

What people ask before they engage

Do I need a local accounting firm in Moldova?

×

Moldovan law requires accounting records to be maintained in accordance with SNC and all statutory filings to be submitted in Romanian. Practical compliance with accounting services in Moldova demands local expertise: knowledge of Moldovan tax law, the STS filing system, CNAS and CNAM reporting requirements, and the specific formats each authority expects. An international firm working remotely cannot reliably deliver this.

What accounting standards apply to my company in Moldova?

×

Most Moldovan companies prepare accounts under the National Accounting Standards (SNC), which are based on EU directives and are approved by the Ministry of Finance. Public interest entities — banks, insurance companies, and large listed enterprises — must apply IFRS. All other companies may choose to apply IFRS or SNC. We advise on which applies to your company and maintain records accordingly.

Can you take over accounting from our current provider?

×

Yes. Transitions to outsourced accounting in Moldova are something we manage regularly. We review the existing state of your accounts, identify any gaps or compliance issues, and take over from an agreed handover date. The process is structured so nothing is missed and your first month under our management starts clean — regardless of the condition we inherit.

How do you handle communication with the State Tax Service?

×

We represent your company in all routine correspondence — submitting tax reporting declarations in Moldova, responding to standard queries, and obtaining filing confirmations from the STS, CNAS, and CNAM. For formal disputes or investigations, we coordinate directly with our legal team. You don't deal with the authorities on routine matters — that's within scope.

What happens during a tax inspection?

×

Organised, complete documentation is the most effective preparation for any inspection — and we maintain it at all times. In the event of a formal inspection, we support the process: providing documentation across bookkeeping, payroll records, and tax filings, responding to inspector queries, and coordinating with our tax lawyers where the situation requires legal input.

What is included in the monthly management report?

×

Your monthly package typically includes a profit and loss statement, balance sheet, cash flow summary, and a payroll summary — all drawn from the bookkeeping records we maintain for your company in Moldova. We also include a brief note on any regulatory deadlines or compliance matters requiring your attention in the coming period. Format and frequency are agreed at the start of the engagement.

Free consultation — let's start today