Audit of financial statements
We conduct an audit of financial statements prepared by an entity:
- according to International Financial Reporting Standards /IFRS/;
- according to National Financial Reporting Standards /NFRS /.
An audit of financial statements of an entity may be:
Our specialists by observing all requirements of laws and applicable International Auditing Standards will provide You an audit report in which an independent objective opinion is expressed concerning reliability of financial statements and results of financial and economic activities of Your entity, and in which all material weaknesses of accounting and internal control system found in the process of the agreement performance are enumerated.
If You need an audit of financial statements, please fill in a questionnaire and send it to us. Our specialists will promptly and carefully consider Your request and contact You without fail.
You need a mandatory audit, if Your entity:
- is registered in the form of incorporation of joint-stock company, including:
- banks, insurance/reinsurance companies, accumulative pension funds;
- organizations, conducting activities on the management of the investment portfolio or pension assets;
- joint-stock investment funds and real estate funds;
- brokers, dealers and other professional participants of the securities market (except transfer-agents);
- airlines and operators of airports servicing international flights;
- subsoil use national companies;
- other commercial and non-commercial organizations which can operate only in the form of a joint–stock company;
- obtains a status of subsidiaries of banks, insurance/reinsurance companies, accumulative pension funds;
- has a significant participation in open accumulative pension funds, insurance/reinsurance companies;
- among its big participants has banks, bank holdings;
- is:
- a bank holding;
- a participant of bank conglomerates;
- the big participant of banks, pension funds, insurance/reinsurance companies;
- has concluded a contract providing investment preferences;
- by type of activity relates to:
- insurance brokers;
- cereal receiving stations;
- civil aviation organizations;
- natural monopoly entities;
- is a special financial company;
- issues securities, being a business partnership;
- is a government organization (according to the list approved by the Government);
- is subject to sale by the decision of an owner or authorized agency;
- falls within the requirement of conducting mandatory audit in accordance with the effective legislation as amended.
An initiative audit serves as an independent expertise of the accounting and tax accounting status on an entity and is conducted:
- upon the decision of entities’’ bodies;
- on demand of principal shareholders /participants, owners of entity’s property;
- by initiative of potential investors.
You independently take decision on necessity of audit of financial statements of Your entity in respect to:
- ensuring reliability of financial statements, maintenance of accounting and tax accounting;
- preparation of consolidated financial statements or participation in consolidation;
- forthcoming negotiations with proposed investors;
- passing by a entity’s supreme authority resolution on the change of the management for the purposes of maintenance of business and posts transfer procedure;
- changes in the composition of shareholders/participants, or proposed purchase, sale of stock/share in the stated capital of an entity;
- upcoming reorganization, liquidation of an entity;
- necessity of providing audited financial statements to foreign shareholders/participants of the stock exchange listing commission, other concerned parties;
- in accordance with entity’s policies;
- in other cases requiring an independent valuation of the efficiency of entity’s management.
