IFRS audit
For companies that prepare IFRS financial statements for owners, banks or counterparties.
Statutory audit
For organizations required by law to have their annual financial statements audited.
Discuss your taskWhat is included
- Audit of annual accounting (financial) statements
- Assessment of accounting and internal control to the extent needed for the audit
- Review of compliance with the accounting policy
- Written communication to management on identified deficiencies
- Auditor’s report
How the work is done
- 1
Preliminary assessment
We get to know the company, assess the scope and independence.
approx. 3–5 business days
- 2
Planning
We set materiality, identify risks and agree the schedule.
approx. 1–2 weeks
- 3
Fieldwork
We examine accounting records, documents and statements and request explanations.
approx. 2–6 weeks depending on scope
- 4
Reporting
We discuss the findings and issue the final documents.
approx. 1–2 weeks
What you get
- Auditor’s report on the annual financial statements
- Written communication to management on the audit results
Details
Who is subject to a statutory audit is defined by Article 5 of Federal Law No. 307-FZ “On Auditing”. The criteria depend on the current edition of the law, so we check them against the current text before starting.
If you are not sure whether your company needs a statutory audit, contact us and we will work it out together.
FAQ
Industries
Related services
Audit readiness training
For the accounting and finance team of a company facing an audit.
Discuss your audit
Tell us about your company and deadlines — we will propose a work plan.