Statutory audit
For organizations required by law to have their annual financial statements audited.
Audit services
Independent examination of accounting (financial) statements and related engagements.
We audit financial statements in accordance with International Standards on Auditing (ISA) and express an opinion on their reliability.
An audit can be statutory — when required by law — or voluntary, at the decision of owners or management.
- Statutory and voluntary audit
- Audit of IFRS financial statements
- Review engagements and agreed-upon procedures
- Financial due diligence
Services in this area
Voluntary audit
For owners and managers who need an independent assessment of the financial statements without a legal requirement.
IFRS audit
For companies that prepare IFRS financial statements for owners, banks or counterparties.
Tax audit
For companies that want to assess tax risks and the correctness of tax calculations in advance.
Review engagement
For companies that need limited assurance on their statements faster and with a smaller scope than an audit.
Agreed-upon procedures
For checking specific figures, transactions or accounting areas against a pre-agreed list of procedures.
Financial due diligence
For investors and buyers who need to understand a company’s financial position before a transaction.
Audit of non-profits and foundations
For non-profit organizations and foundations that value transparency in the use of funds.
Audit · how the work goes
The road from the first request to the audit report
Seven stops. Scroll — each one shows what we do, what we need from you and what you get. Timing is agreed with you.
Step 1
Request
We reply in business hours
A form on the site, a call or an e-mail. The company name and the task are enough — if you are not sure an audit is mandatory, we check the criteria of Art. 5 of Law 307-FZ.
- We
- We call back and clarify the task
- You
- Company name and a contact
- Outcome
- Whether an audit is needed, and which one
Step 2
Preliminary assessment
About 3–5 business days
We get to know the company, size the work and check our independence — an auditor may not audit a related party.
- We
- Scope of accounting, industry, independence, commercial proposal
- You
- Last year’s statements, a short talk with the chief accountant
- Outcome
- A proposal: scope, timing, fee
Step 3
Contract
Once the proposal is agreed
The audit services contract and the engagement letter: what exactly we audit, when, and what you receive at the end.
- We
- Contract, schedule, engagement partner
- You
- Signature and a contact person
- Outcome
- A clear plan: who, what and when
Step 4
Planning
About 1–2 weeks
We set materiality, risks and the schedule. The document list comes as one list — not one request a day.
- We
- Risks, materiality, audit programme
- You
- Access to the accounting system or exports, documents from the list
- Outcome
- A schedule and a clear document list
Step 5
Fieldwork
About 2–6 weeks · depends on volume
We test the accounting, documents and statements under International Standards on Auditing. Questions are collected and asked as a list.
- We
- Annual statements, accounting and control system, accounting policy
- You
- Explanations within the agreed timing
- Outcome
- Preliminary findings — no surprises at the end
Step 6
Discussing the results
Before the documents are issued
We show what we found and what affects the opinion. Some findings can be corrected before the statements are signed.
- We
- We explain every finding and its consequences
- You
- Decisions on adjustments, signed statements
- Outcome
- Statements ready for the opinion
Step 7
Audit report
About 1–2 weeks · together with the discussion
The audit report on the annual statements and a management letter — about weaknesses and how to fix them.
- We
- We issue the report and the management letter
- You
- You attach the report to the annual statements
- Outcome
- The report, and answers to questions after it is issued
After the audit
Case closed — the knowledge of your company stays
The team already knows your books, so the next tasks go faster.
FAQ
Let’s discuss your task
Describe the situation and we will suggest a format of work and next steps.