We help local government units in claiming reimbursement for input VAT (that is, VAT taxation resulting from purchase invoices received from suppliers and contractors) paid in the last 5 years. Our services include (i) identification of the areas / expenses where VAT reimbursement can be claimed and (ii) practical support in the tax reimbursement process (in a way that is possibly the most secure for a given local government unit).
Usually, VAT reimbursement can be claimed in two areas of local government unit operation, that is:
- investments – including various types of investments made by the given unit and
- current expenses of the given unit.
We help local government units in the process of planning current and future investment actions in a way that is the most efficient from the VAT settlement perspective.
Taking appropriate actions makes it possible to maintain on-going VAT reimbursement on the invoices received from suppliers and contractors, which, as a result, translates into improvement in the financial liquidity of the unit and increase in the financial resources available.
We offer internal auditing services compliant with internal audit standards for public finance sector units specified in Announcement no 4 of the Minister of Finance of 20 May 2011. We have many years of experience in conducting internal audits and our company meets the requirements specified in Article 279 paragraph 1 of the Public Finance Act. In particular, we offer the following:
- Creation of the internal audit charter, a code of ethics and internal audit rules and procedures;
- Preparation of an annual internal audit plan based on risk assessment and management opinion;
- Execution of audit tasks directed at strengthening risk management processes, internal control, and increasing effectiveness;
- Verification of audit recommendation implementation.
We offer support at all the stages of implementation and management control according to the standards described in Announcement no 23 of the Minister of Finance of 26 December 2009 on management control standards for the public finance sector. In particular, during the creation and implementation of the following:
- Internal environment;
- Risk management system;
- Management control mechanisms;
- Information and communication system;
- Management control system monitoring and evaluation mechanisms.
In order to efficiently execute management control, we offer a complex consulting service combined with the implementation of e-risk software, an in-house developed IT system that supports the risk management process. E-risk will help you identify, analyse and monitor the risks in your business. It is a flexible tool that makes it possible to implement any risk management methodology in one or a few areas of organization operation. E-risk assures fast information flow, making risk-related information available in real time directly to the people interested without the need for paper documentation.
Undertaking such a task, we divide our work into two elements: analysis of the documentation and records and System analysis. As part of the former, we will examine the technology used for electronic processing of accounting data in the accounting system that you indicate. This includes, among others, verification of the control over continuity of records and event classification; record and organise documentation according to the classification criteria; introduction of evidence at the quality level assumed; control over the completeness of system records and data processing parameters; access to data sets, procedures, algorithms; compliance with the requirements for electronically generated accounting evidence; control mechanisms in the information system. As part of the system analysis, we will examine the description of the information system with regard to its compliance with the provisions of the Accounting Act, including the following elements of its operation: the environment, the list of records, structures, relations, and security measures; control over subsidiary ledger records; correctness of system description and documentation; control over system usage procedures; verification of the control mechanisms in the reporting subsystem; assessment of authentication mechanisms. The result of our work will have the form of detailed reports containing our observations and recommendations. At your request, we will help you implement the recommendations that we propose.
As part of that work which is of crucial importance from the perspective of your organization, we will perform documentation analysis (policies, procedures, and instructions connected with information system security), IT organization security audit and security assessment of the financial data processing information systems. Special attention will be paid to the identification of external requirements with respect to information security (e.g. contracts with Clients, legal requirements). The IT organization security audit will be complemented with an analysis of the security measures used in your financial systems. Analysis results will be used in order to determine whether the current configuration of your information systems assures full confidentiality and financial data integrity. The results of the work performed will be presented to you in the form of a clear and detailed report including a summary of particular work stages.