Voluntary audits allow verifying the correctness of accounting and tax accounting. They allow identifying risks, organizing accounting recordkeeping as well as checking the good practice of accounting departments. Voluntary audits also help assessing the means and methods used to automate accounting, tax settlements, internal control system, as well as the professional level of staff.

Voluntary audits are conducted by decision of management or business owner. Their frequency depends on client requirements or can be set in company regulations.

A voluntary audit should be conducted in the following cases:
  • Company reorganization (merger, split-off, etc.);
  • Identification of deficient areas of accounting;
  • Sale of business; 
  • Switch to new accounting software;
  • Before a tax audit;
  • At the request of banks for loan application;
  • In case of major legislation changes. 
We conduct various audits depending on client requirements:
  • Full continuous audit of accounting and reporting; 
  • Specific checks of individual areas, activities, complex operation, structural divisions;
  • Express audit to protect the interests of investors conducted at the founder’s request;
  • Other spot checks as per individual client assignment.

To conduct a voluntary audit, we put together a team of specialists consisting of a methodologist, an auditor, a senior auditor and a project manager supervising all the audit stages.

Stages of voluntary audit

1. Review of client activities

Voluntary audits begin with the preparation and approval of a project schedule with clients.

2. Verification of accounting and tax accounting

The auditor and methodologist together verify the correctness of recording in accounting and reporting of assets and liabilities in balance sheet, cash on accounts and cash register, stock accounting, settlements with debtors, creditors, founders, as well as with the Federal Tax Service and funds for the selected audit period.

3. Analysis and assessment

The senior auditor identifies errors in accounting, assesses possible risks of future periods, evaluates the errors found from a qualitative and quantitative point of view and determines the degree of accuracy of accounting and tax reporting.

4. Audit report

Once the project is completed, the senior auditor will prepare an audit report describing the condition of accounting, working documentation, audit period and the number of audited accounting units. The audited operations will also be described in the audit report which will also include audit calculations and recommendations for elimination of the errors found during the audit.

Why choose us?

Independence and objectivity

Our voluntary audit experts are not employees of our clients so they are able to provide objective audit reports.

Experience and extensive knowledge of different industries

We work with Russian and foreign companies operating in 30 industries and perfectly understand the specifics of each sector. More than 370 letters of recommendation can confirm and support the trust that our clients have in us.

Liability for audit result

We are liable for service quality. Our professional risks are insured for RUB 180,000,000.

Confidentiality and security

Our services comply with ISO 9001:2015 international quality standards. Our IT infrastructure, processes and control system of information security are ISO 27001 certified and comply with the requirements of Russian laws on personal data protection.