Audit and review of IFRS financial statements
FBK renders services for statutory and voluntary audits of IFRS financial statements and reviews interim IFRS financial statements.
The adoption of IFRS is a crucial step towards boosting transparency and comparability of financial statements, attracting funding, and supporting decision-making by management, business owners and investors.
The audit of IFRS financial statements is conducted by FBK’s independent auditors in accordance with International Standards on Auditing (ISAs). The review of IFRS interim financial statements is performed by FBK's independent auditors in compliance with the International Standards on Review Engagements (ISREs).
Furthermore, FBK audits the disclosed consolidated financial statements prepared as summarised financial statements (under ISA 810) or in accordance with the special purpose framework (under ISA 800) based on the IFRS financial statements by excluding sensitive information; performs reviews of the disclosed interim financial statements.
FBK auditors’ unique knowledge of IFRS application ensures high quality and timely verification of IFRS financial statements.
FBK holds a leading position in the audit and advisory services market, as ranked by Expert RA.
FBK offers the following services for the audit of IFRS financial statements:
- audit of financial statements of public interest entities in the financial sector;
- statutory and voluntary audits of IFRS financial statements;
- review of IFRS interim financial information;
- audit and review of disclosed financial statements prepared on the basis of IFRS financial statements with sensitive information excluded;
- audit and review of other financial information prepared with IFRS, including consolidation packages.
- independent auditor's report;
- review report;
- report to the management on the results of the audit with recommendations to enhance internal controls and reporting processes;
- report to those charged with governance on the results of the audit, highlighting significant organisational matters.
