IFRS Audits

In light of our focus on the content and quality of our audit services, we aim to ensure that our audit reports are of value to your business.

FBK experts have excellent knowledge of and extensive experience with auditing to IFRS standards.

The goal of an audit is to express a professional opinion on the reliability of a company’s financial statements in accordance with IFRS in all its essential aspects..

To perform the audit, we need to have timely access to data and information concerning all aspects of the companys financial reporting and operations. The audit also addresses the companys responsibility to its banks, debtors and creditors by confirming their respective debts in accordance with the list we compile. In addition, to perform a proper audit, we need a place for our experts to work and help in the preparation of documents in accordance with our mutual agreement.

To justify our conclusions, we use a number of tests that validate the quality and level of the correctness of the accounting information and internal controls, and hope that the employees of the audited company assist us on implementing these measures.

Due to the large volume of documents subject to an audit, the selective nature of the testing and other inherent limitations in auditing, there is a certain risk of not finding some significant discrepancies or errors in the accounting and reporting. We will do everything possible to reduce this risk to a reasonable minimum, but we cannot guarantee that the testing undertaken during the audit procedures will be capable of finding all actually existing discrepancies.

Our audit will consist of the following stages:
  • planning the audit;
  • collecting and analysing the audit information;
  • the auditors written report.
We take responsibility for our services rendered according to accepted auditing standards and the audit contract. FBKs audit risk is insured by Ingosstrakh. We commit ourselves to confidentiality and to respecting your commercial secrets.
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