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Audit

An audit is an independent professional examination on the reliability of information provided in companies’ accounts. It is required by statute. It is entirely separate from the task of preparing the statutory accounts which is the responsibility of the directors. Companies with 50 million rubles or more in sales during the prior financial year and 20 million rubles in assets as recorded on the balance sheet at the end of the prior financial year.

If a company’s affairs are relatively straightforward and managed by its owners, they may perceive an audit to be of little benefit especially if the accounts are compiled by qualified accountants. However, where the shareholders are different from the directors of the company an audit gives re-assurance to company members who are not part of the company’s management team.

In addition:

Audit

  •  An audit can help deter and detect material fraud and error
  • An audit can provide companies with additional confidence in its financial results.
  • It can help with credit reference agencies and form the basis of bank lending.
  • On completion we report back key issues on development areas.


Audits should be a constructive exercise to provide assurance that companies’ accounts show a true and fair view and comply with the relevant legislation.

On completion of the audit, we are able to report back to you and provide recommendations for dealing with key aspects of the process. Any such reports will be discussed with you prior to completion to obtain the most accurate summary and feedback. We are also able to provide and advise on appropriate accounting systems and work with you to ensure that all processes run smoothly and cost-effectively.

For more information on how we can help with any queries relating to audits, please contact us on 8 (495) 518-05-61, 8 (495) 988-22-53 or, alternatively, e-mail on info@auditorcom.ru