Audit

We view the audit as a part of the comprehensive set of services aimed at solving accounting issues and improving the control system in whole. We offer a wide range of services under the audit contracts, which is more than an expression of opinion on the fairness of financial statements.

Following the audit, we will provide a client with our opinion on:

• the fairness of accounting (financial) statements for the audited period;

• company compliance to the applicable legislation and regulations of the Russian Federation;

• compliance of the internal controls, book-keeping and tax record system to with the scope of company’s activities;

• correctness of tax calculation.

We have used our experience to develop the methodologies to conduct the audit of all accounting components and accounting system in whole. The practical use has proven those methodologies to be effective, as they allow to reveal all standard and a high degree of irregular errors at various enterprises.

During the audit planning and preparation stage, all responsibilities are strictly assigned to various auditors, which are the members of the audit team. Company management and the head of the audit department supervise all stages of the audit.

Internal audit quality control system represents a combination of tools and procedures used to improve the effectiveness of the conducted inspections and to comply with the requirements of statutory instruments, governing the audit activity.

Special attention is paid to the principles of independence, fairness, professional competency, due care, and confidentiality. Experience has proven that the availability of the said system ensures high quality of provided recommendations and diligent study of client’s accounting issues.

Feel free to use our preliminary inspection form to submit your request. We will thoroughly inspect it and prepare customized audit quotation.

The interview with the CEO of PROM-AUDIT-LLC, Dorofeev Valdimir Nikolayevich, on the audit essence.

Q.: Tax audit is not a new service. Many audit firms render this service. How do your proposals differ?

A.: Surely, the analysis of the audit market demonstrates that the tax audit is in high demand as an independent service. However, more often than not, this service is rendered as a supplementary one during the mandatory audit of financial statements of major economic entities. It’s not a secret that tax audit and tax consulting departments of the large firms have a lot to do.

We, however, offer other services as well. We call them “tax risk assessment" and “solving of substandard tax issues.” As we know, all CEOs act in the tax risk environment created by or dictated to them. Moreover, only a minor portion of those risks is known to the general managers and may be tracked by them. Some risks can be revealed intuitively, with no possibility to identify or formulate them clearly. Many tax risks may remain unveiled for a long time. They are like a “time bomb.” They can be revealed solely during tax inspections, or when a key accountant is changed. Those situations are about force majeure events.

One needs to invest large emotional and intelligent efforts to cope with the problem. “Tax risk assessment” service is a preventive measure, allowing to reduce tax risks. We have a solid experience in solving substandard tax issues, and we are ready to offer our intelligent potential to the customers.  

Q.: Could you, please, demonstrate some actual examples of how the enterprises may benefit from the tax risk assessment.

A.: I own and manage the firm for more than 24 years. During all those years, we pay special attention to the audit of tax items in accounting. By analyzing the results of the audit, we often pay attention of the managers to the existing and potential tax issues, which may be caused by, among other things, personnel qualification, insufficient economic justification of business transaction, irrational allocation of authorities in the accounting department. And we can assess the results of our work. Our regular clients have no problems with tax inspections.

Q.: Why do you believe that the said services will be in demand in 2019?

A.: Honestly speaking, the said services may be always in demand. The companies should know how to cut costs at every turn, and even when it comes to taxation. They should do this in a proper way, not violating tax regulations and increasing the state-related risks. The crisis forces companies to save costs, while the tax burden continues to grow.

Q.: Your staff, which has proven to be competent, is surely your competitive advantage. And what about other advantages?

A.: Our clients always emphasize the competences of our staff. Moreover, they appreciate the way our employees are able to create a positive working climate, which does not undermine the fairness of their neutral opinion and recommendations. We highly appreciate and strictly adhere to the general principle of the audit, which requires us to keep our relations with the clients in secret. There were situations, when we simultaneously rendered services to direct competitors.

Q.: What is your service fee? Please, tell about company’s pricing policy.

A.: Our pricing policy is underpinned by the effective services provided to our clients. And they are really effective. For example, a tax audit that costs 50 thousand rubles may result in 500 thousand rubles of savings. We faced even more considerable results. Therefore, when estimating consultation or audit fees, we initially assume the value of our services. And the client may start to cooperate with us by ordering a consultation on the issue of interest.