Mandatory audit

In compliance with RF Federal Law On Audit Activity of August 7, 2001, No. 119-FZ, financial statements of the following entities is subject to mandatory audits:

  • Open joint stock companies;
  • Credit institutions;
  • Insurance companies and mutual insurers;
  • Commodity and stock exchanges;
  • Investment funds;
  • State extra-budgetary funds;
  • Other organizations and individual entrepreneurs if their proceeds from the sale of products (goods or services) within a year exceed the minimal statutory wages established by the RF legislation (50 million rubles) by 500 thousand times; or their balance sheet assets as of the end of the report year exceed the minimal statutory wages established by the RF legislation (20 million rubles) by 200 thousand times;
  • State and municipal unitary enterprises, based on the right of economic management, if their proceeds from the sale of products (goods or services) within a year exceed the minimal statutory wages established by the RF legislation (50 million rubles) by 500 thousand times; or their balance sheet assets as of the end of the report year exceed the minimal statutory wages established by the RF legislation (20 million rubles) by 200 thousand times.

Mandatory audits are conducted by audit companies.

Audit Company Systema Profi, LLC conducts mandatory audits based on the audit professional standards in compliance with the RF legislation and the Ministry of Finance requirements.
A mandatory audit is an annual mandatory check of accounting books and the financial (accounting) statements. An audit contract signed with
Systema Profi will guarantee that your accounting system will be evaluated and analyzed at the highest professional level in keeping with our intra-company standards developed on the basis of the national ones.

Systema Profi boasts highly professional staff with extensive expertise - they will conduct an independent audit, provide advisory services on an entire range of issues facing your company, prepare an audit opinion and recommendations (an executive memo) on improving the book-keeping and internal control framework at your company.

An auditor’s opinion is an official document reflecting the auditor’s view as to the integrity of the auditee’s financial (accounting ) statements. It is designed for users of such reporting.

We offer audit services to organizations and companies with all types of ownership:

  • Construction companies;
  • Trade companies;
  • Agricultural organizations;
  • Manufacturing enterprises;
  • Service providers.