Audit and assurance

FBK renders all types of audit and assurance services for organisations of different forms of ownership, industry, legal form, size and scale of production at a high professional level, in accordance with International Standards on Auditing (ISAs). Throughout many years of cooperation, FBK has earned the trust of top ranked Russian and international organisations.

According to Expert RA rating agency, FBK audit and consulting group is a market leader in the audit and advisory services. In the category Audit of Banks, the firm has been ranked 1st annually since 2019, in the categories Audit of Investment Institutes and Audit of Leasing Companies FBK is leading for the third and fifth consecutive years respectively.

FBK’s auditors perform both statutory and voluntary audits, as well as other engagements in relation to tax, accounting and other financial reporting. They audit public interest entities (PIEs), including those in the financial sector, providing assurance in respect of their financial statements. They also act as an independent assurance provider for non-financial reporting, issuing opinions and reports compliant with the ISAs.

The company has developed and implemented a quality management system, ensuring that auditors fulfil their responsibilities and perform engagements in accordance with professional standards, applicable legal requirements and other regulations, and that their opinions and reports are appropriate in the given circumstances.

FBK is regularly reviewed by regulatory authorities for compliance with mandatory legal and regulatory requirements. The control and supervision of its activities are carried out by the Self-Regulatory Organization of Auditors Association Sodruzhestvo, the Russian Federal Treasury and the Bank of Russia, which provides additional assurance of the high quality of its work.

FBK and its entire staff are committed to professional ethics standards, including auditor independence. We confirm the fact that we are independent of our clients and strictly comply with all ethical requirements under Article 8 of Federal Law No. 307-FZ “On Auditing” dated 30 December 2008, the Code of Professional Ethics of Auditors, the Rules of Independence of Auditors and Audit Organisations, as well as with the International Ethics Standards Board for Accountants’ Code of Ethics for Professional Accountants (including International Independence Standards).