AGN SERCA English introduction

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AGN serca

English introduction

AGN serca has been operating since 1975 and was authorized to operate as an auditing company by Ministerial Decree dated 11.6.1976 according to Law no. 1966 of 23.11.1939.

Upon resolution no. 824 of January 22^nd 1981, AGN serca was entered in the CONSOB Special Roll which lists the auditing companies with the requisites to express their opinion on the fairness of balance-sheet presentation of companies quoted on the Stock Exchange. The auditing companies currently entered in this nation-wide roll are only 22.

AGN serca is a member of the AGN International Group, one of the major world groups dealing with auditing.

AGN serca is associated to ASSIREVI, the Italian Auditors Association, grouping the main 15 Italian auditing companies.

Graduates in economics form the staff at AGN serca, most of them belonging to the Professional Rolls, with lengthy experience with AGN serca and also other international auditing companies.

Right from the start, AGN serca has spread in terms of area and personnel. The main reason for this development is to be found in the high quality of services offered, which meet the client’s specific needs.

SERVICES OFFERED BY AGN serca:

	Auditing and opinions on the fairness of balance-sheet presentation
	Limited auditing
	Procedure analysis and evaluation
	Administration and Accounting
	Balance-sheet analysis
	Tax Auditing
	Company Assessment
	Drawing up of Group consolidated balances

Auditing and opinions on the fairness of balance-sheet presentation

We audit the balance-sheet and then issue a report giving an independent opinion on the fairness of it.

Our procedure at AGN serca enables us to use auditing also as a means of inspection of company management.

Limited Auditing

This basically consists of a critical study of some items on a balance-sheet or individual operations depending on what is required of us.

Though with limited scope, in this way we can concentrate on correct assessment of the balance-sheet entries in question and the fairness of individual operations.

It concerns, for example:

	inventory and evaluation of stocks, ready cash or bonds;
	production data evaluation;
	evaluation of the state of progress of works;
	assessment and control of imports and exports;
	credit or debt assessment
	ascertation of correct fulfilment of contract clauses or non-competition clauses
	assessment of the quantity produced, product composition, market shares and use of patents for payment of royalties.

Procedure, Analysis and Evaluation

We analyse accounting, administration, tax, and data-processing procedures actually in operation. In this way, we can pick out procedures considered to be inadequate, i.e. those which:

	do not allow sufficient internal control of company assets and their position on the balance-sheet
	lead to inefficiency and disservice
	may raise objections from the Public Administration.

For all these procedures AGN serca is able to explain the risk the company faces and put forward suggestions to correct the mistakes noted.

Administration and Accounting

AGN serca also has acquired lengthy experience in developing and putting into practice systems for company administration and accounting, in particular:

	General and analytical accounting systems
	Management reporting systems
	Operational procedures
	Planning and budget control systems

All these procedures are defined together with the client according to the actual requirements, on the basis of varied experience.

AGN serca provides clearly-put manuals, forms, procedure analyses, and flow systems specifically for the user and they can easily be updated or modified.

Balance-sheet Analysis

AGN serca provides quantity and quality evaluation of economic, financial trends and assets and liabilities through the years. These trends, which are interpreted with special indexes, are potentially very informative and can aid the development of economic-financial programmes.

Tax Auditing

Not always is it easy for a small company to keep up to date with the continuous changes in tax regulations, their exact interpretation and application.

With tax auditing we can simulate tax inspections on direct and/or indirect taxation, as a trial run for results which might be reached by official bodies should there be an inspection.

Auditing is completed by a report which can be produced to certify external tax inspection.

Company Assessment

The main activities in this sector are balance-sheet analysis and evaluation for quotation on the Stock Exchange (including evaluation of the consistency of stocks and shares issuing prices), special operations such as incorporations, mergers and winding-up.

Drawing up of Group consolidated balances

The consolidated balance of companies belonging to a single economic group is the key to an overall view of the company, with considerable advantages for management and obtaining financing and fresh capital.

AGN serca audits the consolidated balance prepared by the main company or assists in drawing it up.

Contact us by e-mail: agnserca@agnserca.it

25124 Brescia - Via Cipro, 1 - ITALY -

Phone 0039 0302427246 - Fax 0039 0302427273

BRESCIA - MILANO

member firm of AGN international (http://www.agn.org)