Минск, ул. Некрасова 114, 2-й этаж, помещение 31

Схема проезда

Statutory audit under national standards

Purpose of audit is to express an opinion on reliability of financial (accounting) statements and compliance of financial (business) transactions with the legislation.

In accordance with the Law of the Republic of Belarus “On audit activities” reliability of financial (accounting) statements is a certain accuracy of data that allows drawing reliable conclusions from such financial statements about financial position, financial results of activity and changes in financial position of the audited entities and taking reasonable economic decisions based on such conclusions.

Statutory audit of annual individual and consolidated (if any) statements prepared in accordance with the laws of the Republic of Belarus is conducted annually for:

  • joint-stock companies which according to the laws of the Republic of Belarus are required to publish their annual reports;
  • National Bank of the Republic of Belarus;
  • banks, banking groups, banking holdings;
  • stock exchange;
  • insurance companies, insurance brokers;
  • residents of Hi-Tech park;
  • organizations that guarantee repayment of individual deposits;
  • professional participants of the securities market;
  • other organizations, which receipts from marketing goods and services for the previous reporting year exceeded equivalent of 5 000 000 Euro at the official exchange rate of Belarusian ruble against Euro fixed by the National Bank of Belarus as of 31st of December of the previous reporting year.

Statutory audit of the annual financial (accounting) statements shall be conducted not later than the 30th of June of the year following the reporting one.

UHY BusinessCollegia LLC's specialists carry out statutory audit in accordance with:

  • the Law of the Republic of Belarus “On audit activities”;
  • the Republican rules of auditor activities approved by the Ministry of Finance of the Republic of Belarus;
  • the List of issues subject to examination in the course of statutory audit approved by the Resolution of the Ministry of Finance of the Republic of Belarus from 04.08.2000 № 81 (as amended from 29.03.2013 № 19);
  • the company’s internal standards, methods and instructions on auditing;
  • as well as the following principles: independence, confidentiality, professional confidence and professional conduct.

In the course of audit we take into consideration special aspects of financial and economic activities, business and organizational structure of your company.

Upon audit we provide:

  • Written report on the results of auditing financial (accounting) statements;
  • Audit conclusion on the reliability of financial (accounting) statements.

In view of the audit results we give as precise and detailed recommendations as possible on how to correct the detected violations.

To ensure the best results, we recommend you doing audit step-by-step in order to detect possible system errors and correct them before submitting the annual balance sheet and to allocate the auditor’s working time effectively during the year.