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The Ministry of Finance has issued a reminder of the criteria of a mandatory audit

The Ministry of Finance has issued a reminder of the criteria of a mandatory audit

LEGAL DIGEST \ 21.02.2018

Under Russian legislation, a mandatory audit is held annually to express an opinion regarding the accuracy of a company’s accounts and financial statements.

The Ministry of Finance has published the criteria according to which companies will be selected for a mandatory audit for 2017. In terms of financial indicators, companies are subject to a mandatory audit if their revenues exceed RUB 400 million for 2016, or if their balance sheet assets at the end of 2016 exceed RUB 60 million. For a full list of criteria, please visit the website of the Ministry of Finance.

Acsour’s experts will advise you on issues pertaining to audits and will help you to prepare for them.

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