The accounting expertise is one of the most demanded services at Integrum and also one of the best-known accounting works. If you require accounting expertise for your company, here is some information about this piece of work completed by professionals in the field and its role in today’s business environment.

The definition of expertise

The expertise is a piece of work regulated by the Code of Civil Procedure (art. 201, 204-214), employed any time the opinion of specialists is needed in order to clarify certain circumstances. The expertise can draw conclusions that are relevant both in civil and commercial matters.

What the accounting expertise is

The accounting expertise is a piece of work determining the accuracy and correctness of accounting data and tax-related calculations. It also analyzes the application of legislation in force and it can be used by courts and managers throughout decision-making processes. The expert accountant checks registers, accounts, and supporting documents of the trader and provides the required information to interested parties.

Accounting expertise types

Depending on its destination, the accounting expertise can be:

  • Judicial – required by judicial bodies to solve a cause;
  • Extrajudicial – required by interested individuals or legal entities, in the absence of an investigation or trial file. The parts demanding expertise choose their own accounting experts and establish the objectives these specialists need to attain.

What the research object of the accounting expertise is

This piece of work can have any of the following research objects:

  • Aspects of the economic and financial situation of the patrimony and its capacity to generate profit. For this purpose expert accountants analyze primary documents and technical-operative and accounting records to determine whether the patrimony is administered correctly or not.
  • The behavior of managers and other members of functional or production departments – if they fulfill their job duties adequately.
  • The research of a set of accounting documents and normative acts.
  • Establishing negligence and abuse of service caused, for instance, by failure to perform contractual obligations.

It can explore all accounting records or just a part of them

Depending on beneficiary needs, the accounting expertise can investigate all the accounting records in a company or a part of them. The accounting expert needs to provide documented answers to each question and to determine the correctness of every piece of analyzed record. Conclusions need to be formulated in such a manner as to take into account the legislation, the regulations in the field and the objectives set by the beneficiary.

It can be part of a lawsuit

The accounting expert can provide consultancy to the judge to help them solve specialized issues and clarify certain process circumstances. In this case, the expert does not replace the judge and neither is he or she a witness. The accounting expert is appointed by the court and needs to fulfill certain conditions, such as not receiving gifts or being promised gifts by one of the parties and that he or she, the spouse, their ascendants and descendants not have any interest in the judgment of case, among others.

It can be used for solving criminal matters

When the justice system has an interest to check economical information, the accounting expertise can be used for criminal matters, with the purpose of uncovering the truth. The case is clarified in all aspects based on evidence such as statements, writings, audio or video recordings, findings, or expertise  (such as the accounting expertise). The accounting expert needs to invoke only events and transactions that can be substantiated by documents, and which are causal to the objectives set by the court, without any other personal intervention.

Judicial expertise can benefit from the participation of a consulting accounting expert as well

These experts will take part in the completion of accounting expertise and provide assistance to the designated expert. They can share the opinion of the expert appointed by the court or can have a separate opinion and sign on the expertise report as such. A service contract is closed for the work in question.

The extrajudicial expertise helps to justify decisions

Independent accounting professionals clarify economical and financial aspects and address various issues. An extrajudicial accounting expertise can be useful in situations such as:

  • Choosing the right business and trade partners – the expertise can be completed without needing their approval, based on financial situations they have published.
  • The conciliation of business transactions. When the implementation of commercial contracts generates conflicts, it is possible to resort to the courts or to the arbitration of an accounting expert agreed by both sides.
  • Offering preliminary basis for actions to be brought to justice. The accounting expertise ensures the quality and lawfulness of information and serves as means to substantiate arbitral proceedings carried out by the justice system.
  • Offering preliminary basis for actions to challenge administrative control acts with the purpose of reducing costs and saving time.

The accounting expertise is a major act of responsibility through its nature and objectives and due to the fact it provides information from the complex world of business. If you need an accounting expertise for the enterprise whose owner or employee you are, you can rely on the specialists at Integrum. We will draw the conclusions you need to make correct and informed decisions that will contribute to your business’s success.