Audit

Auditing support is required to those of our clients who want to be confident about the quality of their accounts operation, or whose activities is so complex that they require continuous attention by the auditor company experts.

Our experts are prepared to render well-organized assistance to accounts’ and financial services’ staffs by keeping them aware of the changes in legislation that they should take account of in their work.

An express audit is a unique service permitting you to assess the situation with the management, book-keeping, and tax accounting in Your Company as promptly as practicable and at minimum expense.

It may be a select examination of specific sectors of accounting or certain periods of economic and finance activity of the organization depending on the owner’s (CEO’s) specific task.  The aim of an express audit is to detect possible errors in the accounts of an organization.

A voluntary audit is performed based on the decision of a company’s management and may cover either all of its accounts sections, or just some of its specific sectors.

A voluntary audit is aimed at the mitigation of the company’s financial, economic, accounting, and tax risks.

The specific objectives of a voluntary audit depend on the reason for which it should be performed and are defined in a special task.

A voluntary audit may be performed:

Audit according to international standards, as a rule, is required when a company’s accounts are designed based on the International Financial Reporting Standards (IFRS).

IFRS audits are interesting to the companies that aim either to attract foreign investments or to sell shares to western companies. The western partner wishes to assess a company’s actual financial situation, and, therefore, would request an audit performed according to international standards.

Organizations often receive funds for particular programs or projects, i.e. for a particular purpose. Subsequently, proof is required that the funds have been used in accordance with an agreement. First of all, it concerns non-profit organizations (NPO). Special knowledge is required of the auditor who carries out the audit of non-profit organizations, such as the legal specifics, NPO accounting and taxation, as well as the understanding of the nature of activities of such organizations.

We have extensive experience of performing audits of investment and stockholder funds, non-budgetary and non-governmental pension funds. We deal with companies involved in broker and dealer activities, securities management and other professional activities in the securities market.

A mandatory audit is an annual auditing examination of the compliance of accounting records and the preparation of finance accounting to the Russian Federation legislation resulting in the issue of a standard audit report assessing the authenticity of finance accounting.

Organizations liable for mandatory audit are set forth by clause N 307-F3 of the law “Concerning Auditing Activities”.

We perform a mandatory audit in two areas: