Moore Stephens KSC continues to enhance the professional services by taking the lead of the Moore Stephens Europe Balkan Cluster

Elena Paraschiv-Pop

After our successful admission to the Moore Stephens International (MSIL) network at the end of 2015, our firm continues to enhance by taking the lead of the Moore Stephens Europe (MSEL) Balkan Cluster, with Mamas Koutsoyiannis – CEO of Moore Stephens KSC as Chairman and Andrei Stan – Audit Partner, Head of Operations of Moore Stephens KSC as Member of the Review Committee.

MSEL Balkan Cluster is a committee deriving from the Balkan members of the network. Its main focus is to enhance the audit quality following the frequent changes of the actual business environment amongst the members as well as to encourage growth and collaboration
During the years, MSEL Balkan Cluster has been identified as a structured tool to strengthen cooperation in the area, capitalizing on experiences and results achieved so far. Accordingly, the Cluster supports the know-how and experiences’ sharing, improvement of the local policies and networking, between its members, as they have the opportunity to share and gain valuable experience and expertise on the issues of problems, challenges and success stories within the region.

Mamas Koutsoyiannis –CEO of Moore Stephens KSC: “I am much honored to be elected as Chairman of the MSEL Balkan Cluster and I strongly believe together we can make a positive contribution in raising our client’s confidence in the auditing assurance services provided by Moore Stephens. Our most strategic objective is to ensure that the International Standards of Auditing continue to form the basis for valuable and reliable, high-quality audits by increasing the dialogue between us, as auditors, and various stakeholders (auditors, management, regulators, users etc.) as we aim to create more output and interaction in the auditor reporting. A key project on our agenda right now is the implementation of “the MSIL Network Review Programme” which is designed to be a key driver of improvement in Audit Quality within the network.”

Andrei Stan – Partner, Head of Operations within Moore Stephens KSC: “The audit profession is evolving as it needs to keep the pace with our client’s business which is becoming more complex as well as with technology which advances rapidly and the real - time economy that changes the way information is received and analyzed. Audited financial statements are intended to meet the information needs of investors and creditors, and are to be timely and useful in decision making. To remain a valuable and relevant service to the investors, creditors, and others who use audited financial statements, auditing must find a way to evolve. The MSIL Network Review Programme is the tool that ensures audit quality within our network as the methodology is continuously being updated as to respond to new market challenges. I am keen to support the MSEL Balkan Cluster enhancing the audit quality as Member of the Review Committee and also to support the member firms to strengthen their continuous efforts to identify areas of improvement.”