Privredni Savetnik – Revizija DOO was established in 1998. Ever since our imperative is a constant development and innovation of knowledge of our employees in order to be able to adjust to changes dictated by both environment and profession. For more than 20 years, we have provided various services related to audit, accountancy, transfer pricing, taxation, appraisals, due diligence, business plans and other consulting services.
Our clients operate in all industries – production, trade, agriculture, construction works, food industry, traffic, tourism and catering industry, printing and publishing industry, shipping industry, movies industry, financial sector, insurance, car industry etc. Our knowledge and experience have been successfully applied by all our clients and helped us develop good and strong partnerships with them.
Our mission is to provide high-quality audit services and other supporting and related financial services to our clients to provide long-term satisfaction of their needs and build and develop strong long-term partnerships.
We offer a comprehensive range of professional services in a convenient one-stop shop. With specialist experts around the world, you can be confident that you will receive the highest standard of advice.
Privredni Savetnik – Revizija DOO answered questions about the firm, some of the key issues affecting their sector, and the future of their industry & firm. See their answers below.
It is our opinion that audit is not a thing of the past or unprofitability. We have acquired and audit software and we apply it in our work. Number of audit subjects is increasing for the last few years and thus we are facing an increased interest and offers for cooperation by domestic audit subjects. Corona virus pandemic has conditioned us to conduct online audit followed by fewer visits to our clients. Thus, we have adjusted our engagement to such conditions (working from home and similar). In addition to audit services, we also generate significant revenues from tax consulting services and we think that the share of these revenues in total revenues will continue to grow in the coming period. We do not provide accounting services but on client’s request we do provide consulting services regarding application of new IFRS. In 2021 we have provided to our clients services related to implementation and application of IFRS 9 – Financial services, IAS 16 – Leasing, IAS 19 – Employee benefits etc. Having all this on mind, we strongly believe that share of such revenues in our total revenues will only continue to grow in the future.
We plan to improve our core business (audit services), to improve efficiency and quality of our services because we have the necessary audit software to do so and thus to meet our client’s demands in the future. Other segment of our business is consulting services related to tax issues. When providing transfer pricing services for example, we use databases from several providers in order to conduct market research so that our service could be on highest possible level for our client. Due to frequent changes in Serbian legislation, especially regarding taxation, we provide large number of opinions and interpretations related to application of domestic taxation regulations. For this reason, we plan to increase our engagement in acquiring new clients for audit, transfer pricing and other tax services. Our stuff has both knowledge and experience and are capable to respond to most request imposed to us by our clients regarding business and tax consulting services on both domestic and international market.
We already have very good reputation on domestic market and we are very well recognized primarily by domestic clients. In future period, we expect to establish cooperation with a larger number of foreign clients, primarily from the region, to improve our knowledge and skills in order to be recognized among foreign partners for the quality of our services and to continue to follow trends of regional integration in order for these plans to be realized.
Our biggest challenge is to follow the processes of integration in the region and beyond, primarily the EU, and inclusion in world trends, so as not to stay out of the main integration processes.
Currently, this is at the level of 2-3% observed in terms of the share of income from foreign countries in our total income. We plan to increase this share to 10% or more in the future.
We provide tax consulting, accounting and industrial-business advisory services (appraisals, statutory changes, foundation, due diligence and similar). Currently, these activities belong to the group of irregular or occasional jobs for our company, but if in the future these activities would be contracted on a regular basis, we would plan to form a special department that would deal only with the provision of these services.
Expecting an increase in the number of foreign partners, as well as increased interest in investing in Serbia in the future in order to achieve cooperation with them through the network (BOKS).
We see it among top 10 networks. It is our wish to grow together with the Network.
Our clients are primarily struggling to increase their participation in the domestic market, to cope better with frequent changes in regulations and regulative and to get involved in international business flows.
Last such project was Erasmus+ EU programme for education, training, youth and sport from 2019.
We advertise ourselves through our webpage and through printed media – published by our founder and one of the domestic business journal. This is why seeking (targeting) of foreign partners was primary reason for us to join BOKS International family.
Beside audit services, we have specialized in composition of transfer pricing reports, application of IFRS 9, IAS 16, IAS 19. Serbian Tax Administration requires submission of transfer pricing reports for taxpayers on annual level. Such liability does not exist in many EU countries.