Services

Compulsory audit

Compulsory audit is performed according to current legislation requirements. We perform compulsory audit of financial statements prepared according to local GAAP or International Financial Reporting Standards (IFRS).

According to the Law of Ukraine “About audit activity” (clause 8) the audit performing is mandatory for:

1. confirmation of reliability and completeness of annual financial statements and consolidated financial statements:
   • joint stock companies,
   • entities which emitted bonds,
   • professional institutions on the stock market,
   • professional institutions on the financial service market,
   • other entities whose reports are to be published according to Ukrainian legislation, except entities and institutions which are financed on the expense of government budget
2. audit of the financial position of banks’ shareholders, entities with foreign investment, joint stock companies (except individuals), insurance and holding companies, joint investment funds, trust companies and other financial agents;
3. securities and derivatives emitters;
4. in case of receiving licenses for performing professional activity on the stock market.

Compulsory audit can be performed in other matters required by legislation (e.g. in case of companies winding-up).

On performing compulsory audit procedures we issue independent auditors’ report which contains independent auditors’ opinion whether the client’s financial statements are prepared, in all material respects, in accordance with the applicable financial reporting framework (local GAAP or IFRS).

Voluntary audit

Voluntary audit is performed according to the decision of shareholders and/or management and/or partners (potential investors, creditors). The period and subject of audit are established by clients individually and depend on targets and tasks of audit.

On performing voluntary audit procedures we issue independent auditors’ report which contains independent auditors’ opinion on audit subject and disclosures of additional matters required by client.

Pricing policy

We perform all procedures required for transformation of the financial statements prepared according to local GAAP into the financial statements prepared according to IFRS.

The transformation financial statements process includes:

• designing company’s accounting policy for IFRS purposes;
• preparation of adjustments’ list required for applying IFRS;
• preparation of special transformation sheets taking in account clients business specifics;
• preparation of financial statements package according to IFRS;
• further advisory and support on matters of applying IFRS;

Pricing policy

Accounting (local GAAP, IFRS)

We perform comprehensive services in accounting counseling. Our experts render professional services in designing, developing and supporting accounting, financial statements preparation and applying local GAAP or IFRS.

We perform services for preparation of consolidated financial statements package according to IFRS or client’s accounting policy. We also provide client’s support in case of international audit which is performed by international audit companies.

Taxation

We perform counseling in tax accounting, tax accruals and tax payments, preparation of tax returns, tax risks minimization, deferred tax calculation, etc.

Other business counseling

We offer counseling support in management accounting, business-process optimization, contract supporting and representing clients’ interest in official institutions.

Bookkeeping and tax support

To enable our clients to rapidly receive responds to urgent inquiries in accounting and taxation, and also to provide the assurance in accuracy of applying local legislation we offer our clients the following customer service:

• control and support of business activity by professional auditors;
• accountant “hot line” support
• counseling and advisory on business matters
• checking tax, charges and other fees calculation

Pricing policy

Due Diligence is a procedure of forming objective conclusion regarding potential investments. Due Diligence includes investment risks assessment, expert’s investments assessment, comprehensive expertise of business activity and comprehensive checking client’s financial position.

Due Diligence is performed before business purchase, merger or takeover.

While providing Due Diligence we perform the following:

• audit of client’s financial performance;
• tax risks analysis and assessment;
• financial risks analysis and assessmen;
• internal control analysis and assessment;
• preparation of recommendations for risks minimization in investments.

Pricing policy