Professional ethics

Principles of independence, objectivity and confidentiality

Our professional principles are a tailored approach to each client, a high professional standard of service, an in-depth understanding of the specific features of the client's industry, reasonable fees and a guarantee of full confidentiality. The company's auditors and consultants comply with International Standards on Auditing and the Code of Professional Ethics for Auditors, approved by SRO AAS in agreement with the Russian Ministry of Finance and the Bank of Russia, and its principles of integrity, objectivity, professional competence and due care, confidentiality and professional behaviour.

SA Audit LLC complies with the independence requirements of Article 8 of Federal Law No. 307-FZ "On Auditing" and the Independence Rules for Auditors and Audit Organisations and takes the necessary measures, including internal reviews of compliance with independence. The company's policies and procedures provide reasonable assurance that its staff and other persons subject to independence requirements comply with them. Information obtained in the course of audit services constitutes audit secrecy (Article 9 of Federal Law No. 307-FZ).

The remuneration of management and audit engagement leaders is set by employment contracts and consists of fixed and variable parts; the variable part depends on the assessment of the quality of work. Audit engagement leaders are rotated in line with the independence requirements to prevent familiarity and self-interest threats arising from long association with the audited entity.