Grant Thornton provides audit of financial statements in accordance with the International Standards on Auditing – ISA and in accordance with legal regulations in Bosnia and Herzegovina.

While performing audit services we use our own reliable methodology called Horizon, developed and adopted at Grant Thornton International, which in combination with the knowledge of our team and professional relationship, provides high quality and reliable services.

We are a member of the International Federation of Accountants - IFAC.

The audit of the financial statements is carried out in accordance with the International Standards on Auditing. We adhere to ethical principles, we plan and perform the audit in a way that ensures that the financial statements do not contain misleading information of material significance.

We apply auditing procedures in order to obtain audit evidence on the amounts and information disclosed in the financial statements. The selected procedures are based on the judgment of our auditors, including the assessment of the risk of material misstatement contained in the financial statements resulting from the fraud or error. While assessing these risks, we also consider internal controls that are relevant for the compilation and fair presentation of financial statements. Our audit also includes assessing the adequacy of accounting policies applied and the admissibility of accounting estimates made by the management, as well as the evaluation of the overall presentation of financial statements.

Pursuant to the Law on Accounting and Auditing of the Republic of Srpska, legal entities in the Republic of Srpska are obliged to keep business records, recognize and assess assets and liabilities, income and expenses, compile, display, submit and disclose financial statements in accordance with legal and professional regulations, which includes the Framework for Preparation and Presentation of Financial Statements (the "Framework"), International Accounting Standards - IAS and International Financial Reporting Standards - IFRS, as well as interpretations included in the standard.