Audit-NN Ltd offers a range of audit services, including compulsory audit, initiated audit of financial statements when required by the company management, express and tax audit.
We provide audit service in accordance with:
- Federal Law №119 On Audit Activities of August 7th, 2001
- Russian Standards on Auditing
- Internal auditing standards based on the abovementioned legal acts.
The objective of an audit by an independent auditor of financial statements is to enable the auditor to express an opinion whether the financial statements are prepared, in all material respects, in accordance with an applicable financial reporting framework.
The auditor should give opinion whether the financial statements give a true and fair view (or present fairly, in all material respects)
- in accordance with the applicable financial reporting framework in force in Russia;
- in accordance with the information provided to the auditor.
In audit, unlike in accounting, sampling techniques and testing are used. The sampling method does not require complete review of all accounting documents, therefore some mistakes and drawbacks on business transactions might be missed out, which shall not be regarded as absence of mistakes and drawbacks in other business activities that were not included into the sampling.
Management of the audited company is responsible for the preparation and the fair presentation of the financial statements in accordance with the applicable financial reporting framework. Our responsibility is to give audit-based assessment on accuracy and reliability of the accounting documents and their compliance with Russian statutory regulations.