Internal Audit

Internal Audits are a valuable tool which allow management teams to exert control and oversight over their business operations in Russia. Audits enable management to ensure that their company complies with current accounting regulations and that their accounting is accurate and truthful. They also call attention to deficiencies, errors, and inconsistencies - so that these can be corrected prior to the tax and/or mandatory annual audit. Based on results from your internal audit, we can propose specific solutions to eliminate or decrease tax risks related to your business operations in Russia.

We assist our clients with:

  • Audits under Russian accounting and International Financial Reporting Standards;
  • Audits for banks, shareholders or investors;
  • Internal audits for management;
  • Consulting and advising services on possible tax risks and their mitigation;
  • Assistance with the recovery or offsetting of overpaid taxes;
  • Performance testing and analysis of management and internal control systems;
  • Implementation and adoption of parent company compliance and internal control proceedings.