About Us

About Us

We have been in the industry since 2007, providing customer with quality, customer-focused services. We are licensed providers of outsourcing accounting services, professional, certified accountants, members of the Association of Accountants of the Republic of Latvia (LRGA), who are also members of the International Federation of Accountants and Accountants in Europe.

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Our vision un values

Our vision un values

We want to be more than just a reliable provider of accounting services for the customer.

We desire to become a partner who provides services with maximum convenience for the customer.

Our value is our CUSTOMER, to whom we provide quality services in accordance with applicable law, respecting the confidentiality of data.

The base of our values pyramid is formed by Birojs BBP management and experienced team.

Ethics of a professional accountant

Basic ethical principles of a professional accountant (International Ethics Standards Board for Accountants 2020):

Integrity

Integrity – to be straightforward and honest in all professional and business relationships.

A professional accountant shall comply with the principle of integrity, which requires an accountant to be straightforward and honest in all professional and business relationships.

Integrity implies fair dealing and truthfulness.

A professional accountant shall not knowingly be associated with reports, returns, communications or other information where the accountant believes that the information:

  1. Contains a materially false or misleading statement;
  2. Contains statements or information provided recklessly; or
  3. Omits or obscures required information where such omission or obscurity would be misleading.

Objectivity

Objectivity – not to compromise professional or business judgments because of bias, conflict of interest or undue influence of others.

A professional accountant shall comply with the principle of objectivity, which requires an accountant not to compromise professional or business judgment because of bias, conflict of interest or undue influence of others.

A professional accountant shall not undertake a professional activity if a circumstance or relationship unduly influences the accountant’s professional judgment regarding that activity.

Professional Competence and Due Care

Professional Competence and Due Care:

  1. Attain and maintain professional knowledge and skill at the level required to ensure that a client or employing organization receives competent professional service, based on current technical and professional standards and relevant legislation; and
  2. Act diligently and in accordance with applicable technical and professional standards.

A professional accountant shall comply with the principle of professional competence and due care, which requires an accountant to:

  1. Attain and maintain professional knowledge and skill at the level required to ensure that a client or employing organization receives competent professional service, based on current technical and professional standards and relevant legislation; and
  2. Act diligently and in accordance with applicable technical and professional standards.

Serving clients and employing organizations with professional competence requires the exercise of sound judgment in applying professional knowledge and skill when undertaking professional activities.

Maintaining professional competence requires a continuing awareness and an understanding of relevant technical, professional and business developments. Continuing professional development enables a professional accountant to develop and maintain the capabilities to

perform competently within the professional environment.

Diligence encompasses the responsibility to act in accordance with the requirements of an assignment, carefully, thoroughly and on a timely basis.

In complying with the principle of professional competence and due care, a professional accountant shall take reasonable steps to ensure that those working in a professional capacity under the accountant’s authority have appropriate training and supervision.

Where appropriate, a professional accountant shall make clients, the employing organization, or other users of the accountant’s professional services or activities, aware of the limitations inherent in the services or activities.

Confidentiality

Confidentiality – to respect the confidentiality of information acquired as a result of professional and business relationships.

A professional accountant shall comply with the principle of confidentiality, which requires an accountant to respect the confidentiality of information acquired as a result of professional and business relationships. An accountant shall:

  1. Be alert to the possibility of inadvertent disclosure, including in a social environment, and particularly to a close business associate or an immediate or a close family member;
  2. Maintain confidentiality of information within the firm or employing organization;
  3. Maintain confidentiality of information disclosed by a prospective client or employing organization;
  4. Not disclose confidential information acquired as a result of professional and business relationships outside the firm or employing organization without proper and specificē authority, unless there is a legal or professional duty or right to disclose;
  5. Not use confidential information acquired as a result of professional and business relationships for the personal advantage of the accountant or for the advantage of a third party;
  6. Not use or disclose any confidential information, either acquired or received as a result of a professional or business relationship, after that relationship has ended; and
  7. Take reasonable steps to ensure that personnel under the accountant’s control, and individuals from whom advice and assistance are obtained, respect the accountant’s duty of confidentiality.

Confidentiality serves the public interest because it facilitates the free flow of information from the professional accountant’s client or employing organization to the accountant in the knowledge that the information will not be disclosed to a third party. Nevertheless, the

following are circumstances where professional accountants are or might be required to disclose confidential information or when such disclosure might be appropriate:

  1. Disclosure is required by law, for example:
    1. Production of documents or other provision of evidence in the course of legal proceedings; or
    2. Disclosure to the appropriate public authorities of infringements of the law that come to light;
  2. Disclosure is permitted by law and is authorized by the client or the employing organization; and
  3. There is a professional duty or right to disclose, when not prohibited by law:
    1. To comply with the quality review of a professional body;
    2. To respond to an inquiry or investigation by a professional or regulatory body;
    3. To protect the professional interests of a professional accountant in legal proceedings; or
    4. To comply with technical and professional standards, including ethics requirements.

Professional Behavior

Professional Behavior – to comply with relevant laws and regulations and avoid any conduct that the professional accountant knows or should know might discredit the profession.

A professional accountant shall comply with the principle of professional behavior, which requires an accountant to comply with relevant laws and regulations and avoid any conduct that the accountant knows or should know might discredit the profession. A professional

accountant shall not knowingly engage in any business, occupation or activity that impairs or might impair the integrity, objectivity or good reputation of the profession, and as a result would be incompatible with the fundamental principles.

Conduct that might discredit the profession includes conduct that a reasonable and informed third party would be likely to conclude adversely affects the good reputation of the profession.

When undertaking marketing or promotional activities, a professional accountant shall not bring the profession into disrepute. A professional accountant shall be honest and truthful and shall not make:

  1. Exaggerated claims for the services offered by, or the qualifications or experience of, the accountant; or
  2. Disparaging references or unsubstantiated comparisons to the work of others.
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