During the meeting, the audit teams discussed key aspects of planning an upcoming audit engagement. In light of recent changes in accounting, the experts focused on the application of accounting policies and updates to IFRS Accounting standards.
A dedicated session addressed the practical implications of the recent tax legislation updates for the financial reporting. Furthermore, the teams reviewed the new procedural requirements for auditors regarding filings with the State Register of Auditors (GIRBO).
Alexey Borisov, Project Manager for the Audit of Bank PSB Group PJSC, commented: ‘The meeting was productive and constructive: not only did we finalise key aspects of the upcoming audit but we also discussed cooperation matters, which will ultimately help facilitate efficient collaboration across all stages of the engagement’.
