Initiative audit
- Audit initiated by the owner
- Audit required by banks and creditors
- Audit to attract investment
- Audit of the Group
Results of audit
- Report of an independent auditor expressing their independent opinion on the compliance of financial reporting with the requirements of international financial reporting standards or national accounting provisions (standards) and the requirements of the Law of Ukraine “On Accounting and Financial Reporting” No. 996-XIV dated 16.07.1999 regarding the preparation of financial reporting;
- A detailed report to the management with conclusions that emerged as a result of the audit, which will contain a description of established internal control deficiencies, significant distortions of financial reporting, other observations of the auditor on accounting issues, including issues of tax risks and risks of non-compliance with labour legislation;
- Written notifications for the Company’s participants regarding the process of performing audit procedures, significant audit issues, significant control deficiencies, etc.;
- Additional report to the top supervisory bodies of the Company (for enterprises of public interest).
Benefits for you:
- A team of certified auditors of the national company AUDIT INVEST with 20 years of experience and impeccable reputation will be working for you.
- Proof of the accuracy and completeness of th1e company’s accounting (financial) statements and/or completeness of the consolidated financial statements;
- Reducing the risk of making wrong decisions based on unverified or inaccurate information contained in financial statements;
- Increasing confidence in business on the part of creditors, investors, partners.
- Reduced risk of claims from tax authorities and other regulators;
- Identification of hidden reserves of the company, implementation of opportunities for legal reduction of the tax burden
More information
An initiative audit is an audit of financial statements carried out at the initiative of the Company’s owners or management. An initiative audit is conducted as well as a mandatory audit in compliance with the norms of the International Standards of Quality Control, Audit, Review, Other Assurance and Related Services (IAS) and the current legislation of Ukraine.
What does initiative audit of financial reporting give?
Initiative audit is provided to:
- owners, in order to instil confidence regarding the results of the Company’s activities and the level of the internal control system;
- to banks, investors and potential partners in order to instil confidence in the financial state and financial results of the Company;
- to the Company’s management in order to fulfil tender conditions;
- Parent companies, management companies of holdings or groups, which include the Company for the purpose of consolidation or combination of financial statements of the holding or Group.
