Audit of financial statements of enterprises and companies, prepared in accordance with Ukrainian and international standards

International Auditing Group LLC performs audit of financial statements, prepared in line Ukrainian or international standards (IAS, IFRS) and internationally recognized generally accepted accounting principles (US GAAP, UK GAAP). Major purpose of audit of financial statements prepared in line with IFRS is rather to analyze in depth the business of an entity in order to assist a client in improvement of the business and, for a Ukrainian entity, to attract foreign investments, than to form our opinion on adequacy of disclosure of all significant aspects of the financial position of an entity in its financial statements.

The results of the audit are summarized in:

• auditor's opinion,
• recommendations to the management, related to the audit.

We work as an independent auditor, being in constant contact with the client for efficient exchange of information and effective performance.

In line with the Article 80 of the Law of Ukraine «On Audit» the audit is statutory for:

• confirmation of reliability and completeness of year-end balance statement and reporting of commercial banks, foundations, exchanges, companies, enterprises, cooperatives, societies and other economic entities irrespective of ownership, the reporting of which is officially published, excluding agencies and organizations that are fully maintained by the state budget; 
• examination of financial position of the founders of commercial banks, enterprises with foreign investments, joint stock companies, holding companies, investment foundations, trusts and other financial intermediaries;
• issuers of securities, when they apply for license for professional activities on the security market;
• State enterprises before leasing of integrated property complex, privatization, corporatization and other changes of the form of property.

Under Ukrainian law, audit may be statutory in some other cases, as well.

We can also perform audit of separate components of financial statements, compliance with the terms of contracts, transformation and consolidation of financial statements.

We have a positive experience in statutory audit and audit, initiated by the shareholders or management of an entity, including audit of large industrial entities with complex structures. During our audit we take into account the interests of all users: owners, managers and other users of the information.