Audit

We perform audit of state, municipal and commercial organizations. Nowadays our work experience allows us to say that we are ready to work with companies of any corporate form doing any kind of business.
      The audit can be performed for the whole company as well as its separate departments, a separate project or joint work of a few companies. Defining a certain section for audit can reduce your expenses for audit and resolve your problems at the same time. Such kind of audit is called local.
      Besides local audit there are special audits that help new management of the company to get accurate information on the status of assets and liabilities, strengthen the management structure, set up workflow and assist in management accounting.
      Audit can be performed as per either Russian or international standards.
      An important issue influencing the audit quality is the level of audit sampling, i.e. research thoroughness. Minimum admissible sampling is specially calculated as per the formula. We recommend improving the audit thoroughness by increasing the level of sampling regarding the calculated minimum by 25 percent.

      1.1. General audit (production, trade, services, works)
      • Estimation of accounting accuracy;
      • Detection of reasons preventing business development;
      • Elaboration of recommendations to eliminate them;
      • Tax planning;
      • Elaboration of recommendations to organize accounting and workflow;
      • Accounting as per international standards;
      • Audit for the registration of securities issue prospectus.

      1.2. Investment audit (investment companies and brokers, non-governmental pension funds, all kinds of funds, exchanges).
      Estimation of accounting accuracy and proper use of monetary funds. Assessment of investment risks. Elaboration of recommendations to minimize risks. Actuarial evaluation.

      Our approach to audit activities.
      Each company is characterized with its approach to the matter, i.e. what methods are used to fulfill taken obligations and how relations to its Customers and colleagues are maintained. Our approach is as follows:
      • Before the work we clarify in details the task and procedures to fulfill it, make up a work execution plan and define a task for each specialist;
      • Auditors team to perform the audit is selected considering individual needs of your company in such a way that in the team there would be auditors experienced in your company's field;
      • In the course of work execution the auditors' team manager is supported by the senior accountant of the Customer's company and those specialists that he/she appoints to assist. During audit the matters of organization of accounting and workflow are investigated;
      • It is obligatory to hold minimum three joint extended meetings of auditors and accountants regarding the important issues of the audit;
      • The maximum amount of possible corrections is made during the audit;
      • After the audit is performed, a report draft is made up and presented to the Customer for preliminary reading and approval. All the possible discrepancies are to be discussed and approved. The approved report made in two copies is given to the Customer. The final stage is reporting to the manager about the work done;
      • Audit report is a document made up by a team of qualified specialists according to the requirements of laws of the Russian Federation in terms of form and content. The report is made as per the corporate look and bears a stamp and signatures of the specialists involved in the audit procedure.

      As our experience proves, our approach to audit activities meets maximum of the Customers' requirements and causes best results.