Services to financial institutions

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FBK offers a comprehensive range of services to credit and non-credit financial institutions, including insurance companies, clearing houses, non-state pension funds, microfinance organisations, securities market participants, trading platforms, and others. Our services encompass financial statement audits under Russian accounting standards, industry-specific standards, and IFRS Accounting Standards, audits of long-term development programmes, evaluation of remuneration systems, internal control and audit systems, risk and capital management systems, and tax and accounting advisory. Each project is managed by a team of professionals with an impeccable reputation, deep expertise in industry-specific regulations, and knowledge of both international and Russian financial reporting standards.

FBK is a leader in audit and advisory services for financial institutions, according to RAEX. FBK’s accolades include: top position in Bank Audit category since 2019, as well as in Audit of Investment Institutions and Audit of Leasing Companies for the fourth and sixth consecutive years, respectively.

Audit of financial statements prepared under Russian or industry-specific accounting standards

Audit and review of IFRS financial statements to financial institutions

Audit confirmation for phased deduction of intangible assets from bank capital

IFRS-related advisory services

Internal control and internal audit assessment

Risk and capital management assessment and optimisation

Optimisation of business processes and internal regulations

Development of operational risk management methodology

Implementation of operational reliability requirements

Independent assessment of the credit institution’s compensation system for compliance with Bank of Russia Instruction No. 154-I

Optimisation of compensation systems and incentive schemes

BC/DR plan enhancement