Statutory audit
Independent audit of financial statements as required by law
An independent audit of financial statements expressing an opinion on whether they are reliable and comply with the applicable requirements.
The audit identifies material misstatements, assesses the reliability of accounting and internal control, and pinpoints areas of increased risk. Based on the audit, we make recommendations to improve the quality of reporting and reduce risks.
We audit annual financial statements and consolidated financial statements prepared under Federal Law No. 208-FZ "On Consolidated Financial Statements" dated 27 July 2010.
An audit is mandatory for organisations that meet at least one criterion of Article 5 of Federal Law No. 307-FZ
Listed securities
Organisations whose securities are admitted to organised trading, including public joint-stock companies, and issuers required to disclose information under Federal Law No. 39-FZ "On the Securities Market"
Financial market
Professional securities market participants, credit history bureaus, and credit and insurance organisations, non-state pension funds and other organisations for which an audit is required by sector-specific federal laws
Income over RUB 800 million
Organisations whose income from business activities for the preceding year exceeds RUB 800 million, except public authorities, state and municipal institutions and unitary enterprises, agricultural and consumer cooperatives and certain other organisations
Assets over RUB 400 million
Organisations whose total balance sheet assets at the end of the preceding year exceed RUB 400 million, with the same exceptions
Public benefit foundations
Foundations that received property worth more than RUB 5 million in the preceding year, starting with financial statements for 2026; the threshold was previously RUB 3 million
State ownership
Joint-stock companies whose shares are owned by the Russian Federation, a constituent entity of the Russian Federation or a municipality; where the state holds 25% or more, the audit contract is awarded by electronic tender at least once every five years
A statutory audit is carried out annually and only by an audit organisation (Parts 2 and 3 of Article 5 of Federal Law No. 307-FZ). The audit is conducted under the International Standards on Auditing in force in the Russian Federation; it results in an auditor's report, and those charged with governance and management are informed of significant findings from the audit and deficiencies identified in internal control, with recommendations for addressing them (ISA 260 (Revised) and ISA 265).