Accounting Audit

An initiative, or so-called accounting audit, is an opportunity to verify the reliability and accuracy of the accounting statements at any enterprise. Auditors, after obtaining the results of such an inspection, prepare an audit of the financial statements, where they objectively assess the reliability of the balance sheet and provide their recommendations for eliminating identified violations.

Our company’s specialists provide the following services:

• audit of financial statements under PSBU;
• audit of financial statements under IFRS;
• audit of individual financial reports, as well as elements or entire line items of the financial statements.

Our specialists can conduct audits of accounting records semi-annually and quarterly, which will allow your accountant to make the necessary corrections to the records in time. Our firm employs experienced, certified auditors who provide audit services.

Advantages of our company

1. Our specialists have real experience in accounting, financial, and legal activities at various enterprises, in auditing firms, and in government and fiscal authorities.
2. The cost of our services is reasonable, and the nature of the work is characterized by professionalism.
3. Experience and deep knowledge have enabled our specialists to develop their own reliable approach to work, based on the principles of effective organization of accurate and reliable tax and financial accounting.
4. We constantly monitor changes in taxation and improve our knowledge in the area of conducting business in general.

Why conduct an audit?

One of the reasons an initiative audit of a company’s accounting may be needed is a requirement from partners or investors who want to ensure the organization acts honestly as a taxpayer or want to assess the prospects of a potential transaction when buying or, conversely, selling the enterprise.

Accounting and audits are often performed during changes in management or the chief accountant. Such an inspection makes it possible to objectively assess not only the financial position of the organization at that time, but also to make correct and effective decisions regarding future management.

An important benefit for the owner or manager is that an initiative audit will allow timely detection of inaccuracies in the balance sheet, errors in the company’s tax accounting, and prompt implementation of necessary corrections. In such a case, an audit of the financial statements helps reduce operational, financial, and tax risks of the company, as well as avoid large fines.

Our company specializes in legal assistance and offers services for conducting audit activities and accounting to enterprises of different tax systems and legal forms.

Our staff’s specialization

Accounting and audit are one of the areas of our firm’s work. Our specialists’ goal is to collect reliable and complete information about the operations of a given enterprise and its asset situation. It should be noted that maintaining accounting reports is required by both internal users — managers, property owners, founders, participants — and external users — investors, creditors, etc.

It should be understood that a special type of any financial reporting is the preparation and compilation of the tax report, which may be formed based on the accounting report or created entirely independently of it. In fact, this is quite a responsible task since the tax inspection, as is known, thoroughly checks all reports submitted to it.

Our company has long cooperated with national as well as international auditing firms on the confirmation of any financial reporting of various subsidiary enterprises in the country, and on the verification of their financial and economic activities exclusively based on the existing International Standards on Auditing.