Audit Services
For the benefit of
transparency of your company's activity and enhancement of investors'
confidence IICC LLC provides a wide range of audit services. As of today
the services of IICC LLC cover all types of auditing and consulting
services which are represented on the market. We are not limited just to audit
of financial statements of our clients and provision of an audit report
according to legislation. We also give
advice on implementation of the company's potential abilities, cost reduction
and achievement of financial targets. Our specialists are highly qualified,
long-term experienced and have unblemished reputation. We provide guarantees on
such audit services as:
Compulsory audit
Compulsory audit
is an annual audit of activities of companies, funds and stock exchanges which
includes statement of reliability of accounting and financial statements,
exposure of errors and advice on their elimination. Compulsory audit defends
the interests of the users of the accounting statements and increases the level
of their credibility to the statements, reduces costs and encourages growth of the company as a whole.
Voluntary audit
As distinguished
from compulsory audit, voluntary audit is conducted upon the initiative of the
owner, director or shareholders of the company irrespectively of the legislation.
Voluntary audit is usually carried out before the company's sale or
dissolution, before tax inspection, for the purpose of assuring financial
statements, additional fund raising or detection and elimination of weaknesses.
Bank Audit
Bank audit is an expert evaluation of the activity of
banks and their affiliates. Audit states assurance of financial statements of
banking institutions and compliance of the operations with the legislation and
standard regulations. It defends the interests of depositors and creditors and,
moreover, it provides stability of the whole banking system. The main task of
bank audit is the analyzing and assessing the activity, forecasting the results
and advising on the enhancement of financial stability.
Assessment Review
Assessment review
promptly provides the company with an assessment of the financial statements
and the company as a whole at minimum cost. The main goal of this review is to
determine compliance of tax liabilities, analyze and assess accuracy of
articles of incorporation and statements, expose present tax and commercial
risks. During the assessment review all the activities of the company are
audited and the business directions and accounting schemes are checked. In
addition, deficiencies of business activity which lead to data invalidation and
falsification are elicited.
Tax audit
Tax audit
determines the accuracy of tax due calculation and provides information
for taxation optimization and planning.
Effectively, tax audit is not just a tool for checking the company's compliance
with tax legislation, but also an approach to detection of taxation issues.
Besides standard tax audit companies often require such services as tax
optimization.
IFRS and GAAP USA
When acquiring
access to international funds, Russian companies are forced to converse their
statements to international reporting standards. By conversion to IFRS and GAAP
financial statements become more transparent. Transparency-based information allows partners and companies
evaluate profitability and potential risks, educe the most efficient, solvent and financially attractive companies. Moreover, IFRS and GAAP
contribute to the efficiency of management and strengthen the system of
corporate management by providing the company with all necessary information.
Due Diligence
Due Diligence is
an objective representation of a company and its aim is to review commercial
appeal of investment projects and deals. This procedure is obligatory by
mergers and acquisitions, targeted financing, purchase of shares and other
financial operations which require relevant, credible and precise information.
Due Diligence is a tool for risk reduction and protection of parties' interests
during large-scale deals.
Taking all the aforesaid into consideration, the aim
of any audit service is to increase efficiency of the company and avoid
negative consequences in taxation. When providing any auditing service, our
team of specialists conducts audit of financial statements and checks
compliance with legislation requirements. If any errors are detected, we
provide a set of advice on their elimination with minimum loss on a timely
basis. Cooperation with IICC LLC is the key to success of your company!