Aeroflot auditor's report for the year.
In recent years, the state has taken a course towards maximum openness and transparency of information about economic entities. Changes are being made in all directions. The audit industry did not stand aside either. The main goal of the amendments is to increase business transparency, reduce pressure on bona fide companies, and bring tax offenders out of the shadows to eliminate unfair competition.
Changes since 2017 in the field of statutory audit accounting statements
1. Requirement for the preparation of auditor's reports in accordance with ISA from 2017. What can we expect?
Our state strives for European indicators in terms of financial statements... Therefore, another step towards increasing its publicity and transparency was the introduction from January 1, 2017 in the Russian Federation of International Auditing Standards (ISA) (Orders of the Ministry of Finance of Russia dated 24.10.2016 N 192n, dated 09.11.2016 No. 207n).
For audit firms, this means the following changes:
increase in the number of audit procedures
an increase in the amount of data required to analyze the activities of audited companies
new quality standards for statutory audit
new disclosure standards in the auditor's report
introduction of a modified opinion in the conclusion
For audited companies, this means:
PROS: improving the quality in assessing business risks; a conclusion that will contain not only an assessment of the company's financial statements, but also pay attention to significant risks for the business, etc .; extended information of the report for accounting and for external and internal interested users: shareholders, board of directors, etc.
MINUSES: increase in the cost of statutory audit since 2017; increasing the time frame for providing an audit report; increase in the cost of bank loans for companies (due to the increased level of transparency of the company's activities and the reflection in the audit report of all identified business risks)
2. Information about taxes, fines, income and expenses, the number will appear on the FTS website
Information about economic agents is becoming more open. Since June 1, 2016, tax secrets are no longer (amendments to Article 102 of the Tax Code of the Russian Federation were introduced by Federal Law No. 134-FZ of May 1, 2016):
- information about the average number of employees in the organization;
- the amount of taxes and fees paid by the organization, with the exception of taxes paid when importing goods into the EAEU and by tax agents;
- the amount of income and expenses according to the financial statements.
Since July 1, 2017, the publication of the specified information in the public domain on the official website of the Federal Tax Service on the Internet has begun.
In addition, the FTS website will publish information on the amount of arrears, arrears in fines and fines, applicable special regimes and the participation of taxpayers in consolidated groups.
Due to the emergence of additional information about legal entitiesah publicly available taxpayers get additional opportunity assess the risks when choosing a counterparty, and there will also be an additional argument to prove to the Federal Tax Service Inspectorate in case of claims that due diligence was exercised during the transaction.
3. Information about mandatory audit is posted on Fedresurse
From October 1, 2016, the results of the statutory audit of accounting (financial) statements in Russia become public. Corresponding amendments were made to the Federal Law "On Auditing Activity". Organizations subject to statutory audit must now submit to the Unified federal register information on the facts of the activities of legal entities (hereinafter - EFRS http://www.fedresurs.ru/) information on the results of the audit within 3 working days after receiving the audit report. Such information includes:
- name, INN, PSRN, SNILS of the audited entity;
- name (full name), INN, PSRN (OGRNIP), SNILS of the auditing organization (individual auditor);
- list of accounting (financial) statements in respect of which the audit was conducted;
- the period of preparation of the accounting (financial) statements in respect of which the audit was carried out;
- date of the auditor's report;
- the opinion of the auditing organization (individual auditor) on the reliability of the accounting (financial) statements of the audited entity, indicating the circumstances that have or may have a significant impact on the reliability of such statements.
Failure by an official of the audited organization to disclose such information may result in administrative penaltyprovided for in parts 6-8 of article 14.25 of the Administrative Code of the Russian Federation, up to 50 thousand rubles or disqualification for a period of one to three years.
4.As of 2018, audit secrecy is likely to be revoked
The corresponding Draft Law No. 96436-7 on amendments to Articles 82 and 93.1 of the RF Tax Code has already been submitted to the State Duma.
Recall that according to the current version of Article 82 of the Tax Code of the Russian Federation, the collection, storage, use and dissemination of information about the taxpayer obtained in violation of the requirement to ensure the confidentiality of information constituting the professional secrets of other persons, in particular advocate secrets, audit secrets, is not allowed during tax control.
However, from January 1, 2018, it is proposed to exclude audit secrets from this article. In addition, it is proposed to establish the right of officials of the Federal Tax Service Inspectorate to demand from the auditors the documents (information) received by them about the taxpayer in the course of auditing and in the provision of other audit-related services. The required documents must be related to the calculation and payment (withholding, transfer) of the tax (due) and can be requested from the auditors if the taxpayer has not submitted them to the IFTS independently.
So the sphere accounting and reporting, and tax liabilities companies are becoming more transparent.
To by March 2018 at the close of 2017 fiscal year and the submission of the annual financial statements will not be with the auditor's report, containing numerous reservations, we advise companies:
Conduct an audit in 2 stages (stage 1 - following the results of 9 months in 2017 in October-December 2017, stage 2 - following the results of 2017 in the first quarter of 2018).
In this case, the auditors will perform almost the entire scope of work before the end of the reporting year, which will allow the organization to take into account their findings and recommendations in order to approach annual report without distortions and errors in accounting In this case, the organization will be able to eliminate haste and errors in reports, reduce the burden on accounting at the end of the year.
It's no secret that accounting and drafting tax returns - the scope of the chief accountant. However, managers and founders should remember that responsibility for the accountant's mistakes extends to them too.
As you know, with significant accounting distortions, audit report can be negative, which will require the organization additional costsrelated to the correction of identified violations. For a repeated audit of the revised financial statements, this is an additional payment for the auditors' work time for checking and the time for issuing an opinion will also increase. For the audit of the revised financial statements, you will need to make an additional payment, since the volume of the auditor's work increases, and accordingly, the terms too.
Carrying out the bulk of work based on the results of reporting for 9 months will help both the accounting department and auditors to avoid these troubles. And even having received a report with a list of significant errors made in the preparation of reports for 9 months, the organization will have time to make the necessary corrections to the accounting and receive a positive audit opinion at the end of the year
If the auditors first come to the company in February-March, the accounting department has too little time to make changes. At the same time, accountants prepare an annual report and experience a double burden, which is not reflected in the best way on the results.
- Break down the audit by year.
When conducting an audit in two stages, its cost will be evenly distributed for 2017-2018 and will not require a one-time diversion of funds from economic activity companies in 2018.
- Do not treat the audit as a formal procedure only for the delivery of accounting (financial) statements.The formal approach and formal approach to audit have sunk into oblivion. Today it is not permissible both on the part of the audited persons and on the part of the auditors.
Why deprive yourself of the opportunity to receive quality feedback on the company's state of affairs? The organization's accountants will correct the identified inconsistencies in time, and will not spend much time and effort on it, as they would have spent correcting documents retroactively.
If errors are detected only at the beginning of the next year, the accounting department spends time on clarifying the declarations, and the company spends money on additional payment of arrears and penalties.
Recall that from October 1, 2017, the rules for calculating penalties for organizations will change. The innovations concern the arrears that will arise from October 1, 2017 ... If the delay exceeds 30 calendar days, penalties will be calculated as follows:
- based on 1/300 of the refinancing rate of the Central Bank of the Russian Federation, effective in the period from the 1st to the 30th calendar days (inclusive) of such a delay;
- based on 1/150 of the refinancing rate of the Central Bank of the Russian Federation, relevant for the period starting from the 31st calendar day of delay, which is proportional to the interest paid on bank loans.
- Seriously approach the choice of an audit company.
The market is saturated with a variety of offers, both from individuals and from various companies. Our company "FIN-AUDIT" is on the market of audit services for the 17th year.
Business reputation and quality standards are impeccable. We are always ready for a constructive dialogue with the audited persons on issues that arose during the audit.
Do not forget that for the absence of an audit report or failure to enter the relevant information into the EFDU, you can get a large fine.
The audit of financial (accounting) statements for 2017 must be carried out by:
- legal entities whose revenue in 2016 exceeded 400 million rubles.
or the balance sheet assets at the end of the year exceed 60 million rubles. - developers within Federal law 214-FZ
- companies preparing consolidated financial statements
- joint stock companies, including non-public ones.
- companies publicly offering securities
- banks, insurance companies and some other categories in cases established by laws No. 307-FZ "On auditing", 208 FZ "On consolidated reporting".
Recall that according to Federal Law No. 402-FZ, the company must submit an audit report to the territorial division of Rosstat either simultaneously with the filing of financial statements, or no later than 10 working days from the day following the date of the audit report, but no later than December 31 of the year following reporting.
A company that has fallen under the criteria of a statutory audit cannot choose whether or not to submit an audit report to the statistics authorities. Will have to hand over unambiguously.
We wish YOU a successful audit for 2017. Our company "FIN-AUDIT", in turn, is ready to provide a high-quality approach to the implementation of audit procedures and the preparation of an audit report.
MINISTRY OF FINANCE OF THE RUSSIAN FEDERATION
AUDITING BOARD
COLLECTION
EXAMPLE FORMS OF AUDIT REPORT,
DRAFTED IN ACCORDANCE WITH INTERNATIONAL AUDITING STANDARDS
(version 2/2017)
201 7
This Collection contains exemplary forms of audit reports developed in accordance with the Federal Law "On Auditing" and International Auditing Standards, enacted for use in the territory Russian Federation by orders of the Ministry of Finance of Russia. These approximate forms were approved by the Auditing Board on December 12, 2016 (Minutes No. 28, Section VI) and June 6, 2017 (Minutes No. 34, Section II).
Sample forms of auditor's reports are intended for use in auditing accounting (financial) statements, special purpose statements and other audit services for other financial information in accordance with International Standards on Auditing. Approximate forms of audit reports should be used by audit organizations, individual auditors, taking into account the specific conditions of audit engagements, the characteristics of the audited entity and the state of the legislation of the Russian Federation.
CONTENT
1. REPORTING DRAFTED IN ACCORDANCE WITH A GENERAL PURPOSE CONCEPT .. 4
1.1. Annual financial statements of a commercial organization in accordance with Russian rules (excluding key audit issues) 4
1.2. Annual financial statements of a political party according to Russian rules (excluding key audit issues) 8
1.3. Annual financial statements regional office political party according to Russian rules (excluding key audit issues) 14
1.4. Annual consolidated financial statements. nineteen
1.5. Annual financial statements. 25
1.6. Annual financial statements of a commercial organization in accordance with Russian rules (with key audit issues) 31
2. REPORTING DRAFTED IN ACCORDANCE WITH THE CONCEPT OF A SPECIAL PURPOSE .. 38
2.1. Consolidated financial report of a political party. 38
2.2. Information about the receipt and expenditure of funds of the regional branch of the political party. 43
1. REPORTING DRAFTED IN ACCORDANCE WITH A GENERAL PURPOSE CONCEPT
1.1. Annual financial statements of a commercial organization in accordance with Russian rules
(excluding key audit matters)
the audited entity is not an organization whose securities are admitted to organized trading;
the audit was carried out in relation to a complete set of annual financial statements, the composition of which was established by the Federal by law "On accounting";
the annual financial statements have been prepared by the management of the audited entity in accordance with the rules for drawing up financial statements established in the Russian Federation;
the terms of the audit engagement in terms of the responsibility of the management of the audited entity for the annual financial statements comply with the requirements of ISA 210 " »;
AUDIT REPORT
Opinion
Management is responsible for the preparation and fair presentation of these annual financial statements in accordance with the rules for preparing financial statements established in the Russian Federation, and for the internal control system, which management considers necessary for the preparation of annual financial statements that do not contain material distortions due to fraud or errors ...
In preparing the annual financial statements, management is responsible for assessing the ability of the auditee to continue as a going concern, for disclosing going concern information, as appropriate, and for reporting on a going concern basis, unless management intends to liquidate the audited entity. a person, to terminate his activities or when he has no other real alternative other than liquidation or termination of activities.
Audit organization:
joint Stock Company "ZZZ",
OGRN 9900000000000,
ORNZ 01234567890
1.2.
Annual financial statements of a political party according to Russian rules
[The auditor's report was made by an audit firm in the following circumstances:
the annual financial statements have been drawn up by an authorized person (body) of a political party in accordance with the rules for drawing up financial statements established in the Russian Federation;
person (body) authorized (authorized) in accordance with the documents of a political party;
the audited entity does not prepare other information determined in accordance with ISA 720, “The Auditor's Responsibilities Relating to Other Information”; the consolidated financial report prepared by a political party in accordance with the Federal Law “On Political Parties” is not considered as other information in the sense of paragraph A5 of ISA 720 “Responsibilities of the Auditor Relating to Other Information”;
there is no material uncertainty in connection with events or conditions, as a result of which significant doubts may arise about the ability of the audited entity to continue as a going concern;
when carrying out the audit, the auditing organization was guided by: the Rules of Independence of Auditors and Auditing Organizations, adopted by the self-regulatory organization of auditors, of which it is a member, on the basis of the Rules of Independence of Auditors and Auditing Organizations, approved by the Auditing Council; The Code of Professional Ethics for Auditors, adopted by the self-regulatory organization of auditors of which it is a member, based on the Code of Professional Ethics for Auditors approved by the Auditing Board;
the terms of the audit engagement in terms of the responsibility of the authorized person (body) of the political party for the annual financial statements comply with the requirements of ISA 210 "Coordination of the terms of audit engagements"
based on the audit evidence obtained, the auditing organization has concluded that it is reasonable to express an unmodified opinion in the auditor's report;
in addition to the audit of the annual financial statements, regulatory legal acts do not provide for the auditor's obligation to carry out additional procedures in relation to these statements.]
AUDIT REPORT
Opinion
We have audited the attached annual financial statements of the political party "YYY" (OGRN 8800000000000, house 220, Profsoyuznaya street, Moscow, 115621), consisting of the balance sheet as of December 31, 2016, the report on the intended use of funds for 2016, explanations to balance sheet and the 2016 Earmarked Use Report.
In our opinion, the accompanying annual financial statements reflect fairly in all material respects financial position of the political party "YYY" as of December 31, 2016, the intended use of funds and their movement in 2016 in accordance with the accounting reporting rules established in the Russian Federation.
Basis for expression
We conducted our audit in accordance with International Standards on Auditing (ISA). Our responsibilities in accordance with these standards are described in the Auditor's Responsibility for the Audit of the Annual Financial Statements section of this report. We are independent of the political party in accordance with the Rules of Independence of Auditors and Auditing Firms and the Code of Professional Ethics for Auditors, which are in line with the Code of Ethics for Professional Accountants developed by the International Ethics Standards Board for Professional Accountants, and we have performed other due responsibilities in accordance with these requirements. professional ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
ResponsibilityXXX andWWW
for annual financial statements
In preparing the annual financial statements, XXX is responsible for assessing the ability of a political party to continue as a going concern, for disclosing going concern information, as appropriate, and for reporting on a going concern basis, unless, in accordance with Articles 39 and 41 of the Federal Law "On Political Parties" in the prescribed manner, a decision was made or planned to liquidate a political party or suspend its activities.
WWW is responsible for overseeing the preparation of the political party's annual financial statements.
Auditor's responsibility for the audit
annual financial statements
Our goal is to obtain reasonable assurance that the annual financial statements are free of material misstatement due to fraud or error, and to draw up an auditor's report containing our opinion. Reasonable assurance is a high degree of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect material misstatements, if any. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these annual financial statements.
As part of an audit in accordance with ISA, we exercise professional judgment and maintain professional skepticism throughout the audit. In addition, we:
a) identify and assess the risks of material misstatement of the annual financial statements due to fraud or errors; we design and conduct audit procedures in response to these risks; Obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting material misstatement as a result of fraud is higher than the risk of not detecting material misstatement as a result of an error, since fraud may include collusion, forgery, willful omission, misrepresentation, or bypassing internal control;
b) obtain an understanding of the internal control system that is relevant to the audit in order to develop audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control system of the auditee;
d) conclude that the XXX political party's going concern assumption is appropriate, and, based on the audit evidence obtained, conclude whether there is a material uncertainty in relation to events or conditions that may result in significant doubts about a political party's ability to continue as a going concern their activities. If we conclude that a material uncertainty exists, we should draw attention in our auditor's report to the related disclosures in the annual financial statements or, if such disclosures are inappropriate, modify our opinion. Our conclusions are based on audit evidence obtained prior to the date of our auditor's report. However, future events or conditions may lead to the fact that, in accordance with Articles 39 and 41 of the Federal Law "On Political Parties," a decision will be made in the prescribed manner to suspend or liquidate a political party;
e) we assess the presentation of the annual financial statements as a whole, their structure and content, including disclosure of information, as well as whether the annual financial statements present the underlying transactions and events in such a way as to ensure their reliable presentation.
Audit Engagement Leader,
which resulted in
auditor's report [signature] Initials, surname
Audit organization:
joint Stock Company "ZZZ",
OGRN 9900000000000,
111421, Moscow, Koroleva street, house 101,
member self-regulatory organization auditors "NNN",
ORNZ 01234567890
"_____" _____________ 2017
1.3.
Annual financial statements of the regional branch of a political party in accordance with Russian rules
(excluding key audit matters)
[The auditor's report was made by an audit firm in the following circumstances:
the audit was conducted in accordance with the International Standards on Auditing (ISA), which were put into effect for application in the territory of the Russian Federation by orders of the Ministry of Finance of Russia;
the audit was carried out in relation to a complete set of annual financial statements, the composition of which is established by the Federal Law “On Accounting”;
the annual financial statements have been drawn up by an authorized person (body) of the regional branch of a political party in accordance with the rules for preparing financial statements established in the Russian Federation;
responsibility for overseeing the preparation of annual financial statements and for organizing its statutory audit shall be person (body), authorized (authorized) in accordance with the documents of the political party that created the regional branch;
the audited entity does not prepare other information determined in accordance with ISA 720 “Responsibilities of the Auditor Relating to Other Information”; information prepared by the regional branch of a political party in accordance with the Federal Law "On Political Parties" on the receipt and expenditure of funds from the regional branch of a political party is not considered as other information in the sense of paragraph A5 of ISA 720 "Duties of the auditor related to other information";
there is no material uncertainty in connection with events or conditions, as a result of which significant doubts may arise about the ability of the audited entity to continue as a going concern;
when carrying out the audit, the auditing organization was guided by: the Rules of Independence of Auditors and Auditing Organizations, adopted by the self-regulatory organization of auditors, of which it is a member, on the basis of the Rules of Independence of Auditors and Auditing Organizations, approved by the Auditing Council; The Code of Professional Ethics for Auditors, adopted by the self-regulatory organization of auditors of which it is a member, based on the Code of Professional Ethics for Auditors approved by the Auditing Board;
the terms of the audit assignment in terms of the responsibility of the authorized person (body) of the regional branch of the political party for the annual financial statements comply with the requirements of ISA 210 "Coordination of the terms of audit assignments";
the auditor is not required to communicate key audit matters in accordance with ISA 701, Communicating Key Audit Matters in the Auditor's Report, and has not chosen to do so for any other reason;
based on the audit evidence obtained, the auditing organization has concluded that it is reasonable to express an unmodified opinion in the auditor's report;
in addition to the audit of the annual financial statements, regulatory legal acts do not provide for the auditor's obligation to carry out additional procedures in relation to these statements.]
AUDIT REPORT
Opinion
We have audited the attached annual financial statements of the Sakhalin regional branch of the political party "YYY" (OGRN 1000000000000, building 23, Dzerzhinsky street, Yuzhno-Sakhalinsk, 693020) (hereinafter referred to as the regional branch of the political party), consisting of the balance sheet as of December 31, 2016 year, the report on the targeted use of funds for 2016, explanations to the balance sheet and the report on the intended use of funds for 2016.
In our opinion, the attached annual financial statements accurately reflect, in all material respects, the financial position of the regional branch of the political party "YYY" as of December 31, 2016, the intended use of funds and their movement in 2016 in accordance with the accounting rules established in Russian Federation.
Basis for expression
We conducted our audit in accordance with International Standards on Auditing (ISA). Our responsibilities in accordance with these standards are described in the Auditor's Responsibility for the Audit of the Annual Financial Statements section of this report. We are independent of the regional branch of the political party in accordance with the Rules of Independence of Auditors and Auditing Organizations and the Code of Professional Ethics for Auditors, which are in line with the Code of Ethics for Professional Accountants developed by the International Ethics Standards Board for Professional Accountants, and we have fulfilled other due responsibilities in accordance with these requirements of professional ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
ResponsibilityXXX andWWW
for annual financial statements
XXX is responsible for the preparation and fair presentation of the said annual financial statements in accordance with the rules for preparing financial statements established in the Russian Federation, and for the internal control system, which XXX considers necessary for the preparation of annual financial statements that do not contain material distortions due to fraud or errors ...
In preparing the annual financial statements, XXX is responsible for assessing the ability of a regional branch of a political party to continue as a going concern, for disclosing going concern information, as appropriate, and for reporting on a going concern basis, unless, in accordance with with the charter of a political party or in the manner prescribed by Articles 39 and 41 of the Federal Law "On Political Parties", a decision has been taken or is planned to be taken to liquidate a regional branch of a political party or to suspend its activities.
WWW is responsible for overseeing the preparation of the annual accounts of the regional branch of a political party.
Auditor's responsibility for the audit
annual financial statements
Our goal is to obtain reasonable assurance that the annual financial statements are free of material misstatement due to fraud or error, and to draw up an auditor's report containing our opinion. Reasonable assurance is a high degree of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect material misstatements, if any. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these annual financial statements.
As part of an audit in accordance with ISA, we exercise professional judgment and maintain professional skepticism throughout the audit. In addition, we:
a) identify and assess the risks of material misstatement of the annual financial statements due to fraud or errors; we design and conduct audit procedures in response to these risks; Obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting material misstatement as a result of fraud is higher than the risk of not detecting material misstatement as a result of an error, since fraud may include collusion, forgery, willful omission, misrepresentation, or bypassing internal control;
b) obtain an understanding of the internal control system that is relevant to the audit in order to develop audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control system of the auditee;
c) assess the appropriateness of the applied accounting policiesthe reasonableness of accounting estimates and related disclosures prepared by XXX auditee;
d) we conclude that the XXX regional branch of the political party is applying the going concern assumption, and based on the audit evidence obtained, we conclude whether there is a material uncertainty in connection with events or conditions that may result in significant doubts about the ability of the regional branch political party to continue its activities continuously. If we conclude that a material uncertainty exists, we should draw attention in our auditor's report to the related disclosures in the annual financial statements or, if such disclosures are inappropriate, modify our opinion. Our conclusions are based on audit evidence obtained prior to the date of our auditor's report. However, future events or conditions may lead to the fact that, in accordance with the charter of a political party or in the manner prescribed by Articles 39 and 41 of the Federal Law "On Political Parties", a decision is made or planned to liquidate a regional branch of a political party or suspend its activities;
e) we assess the presentation of the annual financial statements as a whole, their structure and content, including disclosure of information, as well as whether the annual financial statements present the underlying transactions and events in such a way as to ensure their reliable presentation.
We carry out information interaction with the WWW of the audited entity, bringing to their (him) attention, among other things, information about the planned scope and timing of the audit, as well as material comments on the audit results, including significant deficiencies in the internal control system that we identify during the audit.
Audit Engagement Leader,
which resulted in
auditor's report [signature] Initials, surname
Audit organization:
joint Stock Company "ZZZ",
OGRN 9900000000000,
111421, Moscow, Koroleva street, house 101,
member of the self-regulatory organization of auditors "NNN",
ORNZ 01234567890
"_____" _____________ 2017
1.4. Annual consolidated financial statements
[The auditor's report was made by an audit firm in the following circumstances:
the audited entity is the parent organization of the group specified in Part 2 of Article 1 of the Federal Law “On Consolidated Financial Statements”;
the audit was conducted in accordance with the International Standards on Auditing (ISA), enacted and applicable in the Russian Federation;
the audit was carried out in respect of a complete set of annual consolidated financial statements prepared by the management of the audited entity in accordance with International Financial Reporting Standards (IFRS), enacted and applicable in the Russian Federation;
persons responsible for overseeing the preparation of annual consolidated financial statements are not persons responsible for the corporate governance of the audited entity (members of the board of directors, supervisory board, others);
there is no material uncertainty in connection with events or conditions, as a result of which significant doubts may arise about the ability of the audited entity to continue as a going concern;
terms of the audit engagement in terms of the responsibility of the management of the audited entity for the annual consolidated financial statements, comply with the requirements of ISA 210 " Negotiation of terms of audit engagements »;
based on the audit evidence obtained, the auditing organization has concluded that it is reasonable to express an unmodified opinion in the auditor's report;
in addition to the audit of the annual consolidated financial statements, the regulations do not provide for the auditor's obligation to carry out additional procedures with respect to these statements.]
AUDIT REPORT
Shareholders joint stock company "YYY"
Opinion
We have audited the accompanying annual consolidated financial statements of YYY Joint Stock Company (OGRN 8800000000000, 220, Profsoyuznaya Street, Moscow, 115621) and its subsidiaries (hereinafter referred to as the Group), consisting of the consolidated statement of financial position as of December 31, 2016 year and consolidated statements of profit or loss and other comprehensive income, changes in equity and movements money for 2016, as well as notes to the annual consolidated financial statements, consisting of a summary of the main provisions of accounting policies and other explanatory information.
In our opinion, the accompanying annual consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Group as at 31 December 2016, as well as its consolidated financial results operations and consolidated cash flows for 2016 in accordance with International Financial Reporting Standards (IFRS).
Basis for expression
We conducted our audit in accordance with International Standards on Auditing (ISA). Our responsibilities under those standards are described in the Auditor's Responsibilities for the Audit of the Annual Consolidated Financial Statements section of this report. We are independent of the Group in accordance with the Rules for the Independence of Auditors and Auditing Firms and the Code of Professional Ethics for Auditors, which comply with the Code of Ethics for Professional Accountants developed by the International Ethics Standards Board for Professional Accountants, and we have performed other other duties in accordance with these professional requirements. ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Key audit issues
Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the annual consolidated financial statements of the current period. These matters were considered in the context of our audit of the annual consolidated financial statements as a whole and in forming our opinion thereon, and we do not express a separate opinion on these matters.
[Example. Goodwill - Explanation [X] in the annual consolidated financial statements.
According to requirements IFRS Group is obliged to test the value of goodwill annually for impairment. This annual impairment test was significant to our audit because book value goodwill as at 31 December 20x1 is material to the annual consolidated financial statements. In addition, management's valuation process for goodwill is complex and highly subjective and is based on assumptions, namely [describe some assumptions] that affect expected future market or economic conditions, especially in [name of country or geographic region].
Our audit procedures included, inter alia, the use of a valuation expert to assist us in assessing the assumptions and methodologies used by the Group, such as those related to projected revenue and earnings growth for [business line name]. We also focused our audit procedures on the adequacy of the Group's disclosures about those assumptions to which the impairment test results are most sensitive and have the most significant impact on the determination of the recoverable amount of goodwill.]
other information
information in X's statement, but does not include the annual consolidated financial statements and our auditor's report thereon].
Our opinion on the annual consolidated financial statements does not extend to other information and we do not provide a conclusion that provides any form of assurance about this information.
In connection with our audit of the annual consolidated financial statements, our responsibility is to review the other information and consider whether there are material inconsistencies between the other information and the annual consolidated financial statements or our knowledge obtained during the audit, and whether other information other signs of material misstatement. If, based on our work, we conclude that such other information contains a material misstatement, we are required to report this fact. We have not identified any facts that need to be reflected in our opinion.
Responsibilities of Management and [Board Members]
of the audited entity for the annual consolidated financial statements
Management is responsible for the preparation and fair presentation of these annual consolidated financial statements in accordance with IFRS and for the internal controls that management believes are necessary to prepare the annual consolidated financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the annual consolidated financial statements, management is responsible for assessing the Group's ability to continue as a going concern, for disclosing going concern information, as appropriate, and for reporting on a going concern basis, unless management intends to liquidate the Group. , to terminate its activities or when it has no other real alternative other than liquidation or termination of activities.
[Members of the Board of Directors] are responsible for overseeing the preparation of the Group's annual consolidated financial statements.
Auditor's responsibility for the audit
annual consolidated financial statements
Our objective is to obtain reasonable assurance that the annual consolidated financial statements are free from material misstatement, whether due to fraud or error, and to issue an auditor's report containing our opinion. Reasonable assurance is a high degree of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect material misstatements, if any. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these annual consolidated financial statements.
a) identify and assess the risks of material misstatement of the annual consolidated financial statements, whether due to fraud or error; develop and conduct audit procedures in response to these risks; Obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting material misstatement as a result of fraud is higher than the risk of not detecting material misstatement as a result of an error, since fraud may include collusion, forgery, deliberate omission, misrepresentation of information, or actions that circumvent internal control;
b) obtain an understanding of the internal control system that is relevant to the audit in order to develop audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control system of the auditee;
c) assess the appropriateness of the applied accounting policy, the reasonableness of accounting estimates and the relevant disclosures prepared by the management of the audited entity;
d) we conclude on the appropriateness of the management of the audited entity applying the going concern assumption, and based on the audit evidence obtained, we conclude whether there is a material uncertainty in connection with events or conditions that may result in significant doubts about the ability of the audited entity to continue as a going concern. their activities. If we conclude that a material uncertainty exists, we should draw attention in our auditor's report to the related disclosures in the annual consolidated financial statements or, if such disclosures are inappropriate, modify our opinion. Our conclusions are based on audit evidence obtained prior to the date of our auditor's report. However, future events or conditions may cause the auditee to lose its ability to continue as a going concern;
e) assess the presentation of the annual consolidated financial statements as a whole, their structure and content, including disclosures, and whether the annual consolidated financial statements present underlying transactions and events in a manner that ensures their fair presentation;
f) Obtain sufficient appropriate audit evidence relating to the financial information of entities or activities outside the Group to express an opinion on the annual consolidated financial statements. We are responsible for the direction, control and audit of the Group. We remain fully responsible for our auditor's report.
We communicate with [members of the board of directors] of the audited entity, bringing to their attention, among other things, information on the planned scope and timing of the audit, as well as on material comments on the audit results, including on significant deficiencies in the internal control system that we we identify during the audit.
Of the issues that we brought to the attention of the [board members] of the auditee, we identified the issues that were most significant for the audit of the annual consolidated financial statements for the current period and, therefore, are the key audit issues. We describe these matters in our auditor's report, unless the public disclosure of these matters is prohibited by law or regulation, or when, in extremely rare cases, we come to the conclusion that information about any issue should not be communicated in our opinion, since it can be reasonably assumed that the negative consequences of the communication of such information will outweigh the socially significant benefits of its communication.
Audit Engagement Leader,
which resulted in
auditor's report [signature] Initials, surname
Audit organization:
joint Stock Company "ZZZ",
OGRN 9900000000000,
111421, Moscow, Koroleva street, house 101,
member of the self-regulatory organization of auditors "NNN",
ORNZ 01234567890.
"_____" _____________ 2017
1.5. Annual financial statements
[The auditor's report was made by an audit firm in the following circumstances:
the audited entity is an organization whose securities are admitted to organized trading;
the audited entity is an organization that does not create a group specified in Part 2 of Article 1 of the Federal Law “On Consolidated Financial Statements”;
the audit was conducted in accordance with the International Standards on Auditing (ISA), enacted and applicable in the Russian Federation;
the audit was carried out in relation to a complete set of annual financial statements prepared by the management of the audited entity in accordance with International Financial Reporting Standards (IFRS), enacted and applicable in the Russian Federation;
persons responsible for overseeing the preparation of annual financial statements are not persons responsible for the corporate governance of the audited entity (members of the board of directors, supervisory board, others);
the auditor's report contains key audit matters in accordance with the requirements of ISA 701 "Communicating Key Audit Matters in the Auditor's Report";
all other information determined in accordance with ISA 720, The Auditor's Responsibilities Relating to Other Information, is obtained prior to the date of the auditor's report (unless the auditee prepares other information, the Other Information section should be deleted from the auditor's report);
there are no material misstatements in the other information determined in accordance with ISA 720, The Auditor's Responsibilities Relating to Other Information;
there is no material uncertainty in connection with events or conditions, as a result of which significant doubts may arise about the ability of the audited entity to continue as a going concern;
when carrying out the audit, the auditing organization was guided by: the Rules of Independence of Auditors and Auditing Organizations, adopted by the self-regulatory organization of auditors, of which it is a member, on the basis of the Rules of Independence of Auditors and Auditing Organizations, approved by the Auditing Council; The Code of Professional Ethics for Auditors, adopted by the self-regulatory organization of auditors of which it is a member, based on the Code of Professional Ethics for Auditors approved by the Auditing Board;
terms of the audit engagement in terms of the responsibility of the management of the audited entity for the annual financial statements comply with the requirements of ISA 210 " Negotiation of terms of audit engagements »;
based on the audit evidence obtained, the auditing organization has concluded that it is reasonable to express an unmodified opinion in the auditor's report;
besides the audit of the annual financial statements, the regulations do not provide for the obligation of the auditor to carry out additional procedures in relation to these statements.]
AUDIT REPORT
To the shareholders of the joint-stock company "YYY"
Opinion
We have audited the accompanying annual financial statements of Joint Stock Company YYY (OGRN 8800000000000, 220, Profsoyuznaya Street, Moscow, 115621), consisting of the statement of financial position as at 31 December 2016 and statements of profit or loss and other comprehensive income , changes in equity and cash flows for 2016, as well as notes to the annual financial statements consisting of a summary of significant accounting policies and other explanatory information.
In our opinion, the accompanying annual financial statements represent fairly, in all material respects, the financial position of Joint Stock Company YYY as at December 31, 2016, as well as its financial results of operations and cash flows for 2016 in accordance with International Financial Reporting Standards ( IFRS).
Basis for expression
We conducted our audit in accordance with International Standards on Auditing (ISA). Our responsibilities under those standards are described in the Auditor's Responsibilities for the Audit of the Annual Financial Statements section of this report. We are independent in relation to the audited entity in accordance with the Rules of Independence of Auditors and Auditing Firms and the Code of Professional Ethics for Auditors, in accordance with the Code of Ethics for Professional Accountants developed by the International Ethics Standards Council for Professional Accountants, and we have performed other other duties in accordance with these requirements professional ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Key audit issues
Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the annual financial statements of the current period. These matters were considered in the context of our audit of the annual financial statements as a whole and in forming our opinion on these statements, and we do not express a separate opinion on these matters.
[Example. Goodwill - Explanation [X] in the annual financial statements.
According to IFRS requirements, the audited entity is obliged to annually test the value of goodwill for impairment. This annual impairment test was significant to our audit because the carrying amount of goodwill as at 31 December 20x1 is significant to the annual financial statements. In addition, management's valuation process for goodwill is complex and highly subjective and is based on assumptions, namely [describe some assumptions], that affect expected future market or economic conditions, especially in [name of country or geographic region].
Our audit procedures included, inter alia, the use of a valuation expert to assist us in assessing the assumptions and methodologies used by the audited entity, such as those related to projected revenue and earnings growth for [name of business line]. We also focused our audit procedures on the adequacy of the audited entity's disclosures about those assumptions to which the impairment test results are most sensitive and have the most significant impact on determining the recoverable amount of goodwill.]
other information
Management is responsible for other information. Other information includes [ information in X's statement, but does not include the annual financial statements and our auditor's report thereon].
Our opinion on the annual financial statements does not extend to other information and we do not provide a conclusion that provides any form of assurance about this information.
In connection with our audit of the annual financial statements, our responsibility is to review the other information and consider whether there is material inconsistency between the other information and the annual financial statements or our knowledge obtained during the audit, and whether the other information contains other information. signs of material misstatement. If, based on our work, we conclude that such other information contains a material misstatement, we are required to report this fact. We have not identified any facts that need to be reflected in our opinion.
Responsibilities of Management and [Board Members]
audited entity for annual financial statements
Management is responsible for the preparation and fair presentation of these annual financial statements in accordance with IFRS and for the internal controls that management considers necessary to prepare the annual financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the annual financial statements, management is responsible for assessing the auditee's ability to continue as a going concern, for disclosing going concern information, as appropriate, and for reporting on a going concern basis, unless management intends to liquidate the audited entity. a person, to terminate its activities or when he has no other real alternative other than liquidation or termination of activities.
[Board members] are responsible for overseeing the preparation of the audited entity's annual financial statements.
Auditor's responsibility for the audit
annual financial statements
Our objective is to obtain reasonable assurance that the annual financial statements are free from material misstatement, whether due to fraud or error, and to issue an auditor's report containing our opinion. Reasonable assurance is a high degree of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect material misstatements, if any. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these annual financial statements.
As part of an audit in accordance with ISA, we exercise professional judgment and maintain professional skepticism throughout the audit. In addition, we do the following:
a) identify and assess the risks of material misstatement of the annual financial statements due to fraud or error; we design and conduct audit procedures in response to these risks; Obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting material misstatement as a result of fraud is higher than the risk of not detecting material misstatement as a result of an error, since fraud may include collusion, forgery, willful omission, misrepresentation, or bypassing internal control;
b) obtain an understanding of the internal control system that is relevant to the audit in order to develop audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control system of the auditee;
c) assess the appropriateness of the applied accounting policy, the reasonableness of accounting estimates and the relevant disclosures prepared by the management of the audited entity;
d) we conclude on the appropriateness of the management of the audited entity applying the going concern assumption, and based on the audit evidence obtained, we conclude whether there is a material uncertainty in connection with events or conditions that may result in significant doubts about the ability of the audited entity to continue as a going concern. their activities. If we conclude that a material uncertainty exists, we should draw attention in our auditor's report to the related disclosures in the annual financial statements or, if such disclosures are inappropriate, modify our opinion. Our conclusions are based on audit evidence obtained prior to the date of our auditor's report. However, future events or conditions may cause the auditee to lose its ability to continue as a going concern;
e) assess the presentation of the annual financial statements as a whole, their structure and content, including disclosures, and whether the annual financial statements present underlying transactions and events in a manner that ensures their fair presentation.
We communicate with [members of the board of directors] of the audited entity, bringing to their attention, among other things, information on the planned scope and timing of the audit, as well as on material comments on the audit results, including on significant deficiencies in the internal control system that we we identify during the audit.
We also provide [members of the board of directors] of the audited entity with a statement that we have complied with all relevant ethical requirements with regard to independence and have informed those individuals of all relationships and other matters that could reasonably be considered to have an impact on the auditor's independence, and where appropriate - on appropriate precautions.
Of the issues that we brought to the attention of the [board members] of the auditee, we identified the issues that were most relevant to the audit of the annual financial statements for the current period and, therefore, are key audit issues. We describe these matters in our auditor's report, unless public disclosure of these matters is prohibited by law or regulation, or in extremely rare cases we conclude that information about a matter should not be communicated to our conclusion, since it can reasonably be assumed that the negative consequences of communicating such information will outweigh the socially significant benefits of communicating it.
Audit Engagement Leader,
which resulted in
auditor's report [signature] Initials, surname
Audit organization:
joint Stock Company "ZZZ",
OGRN 9900000000000,
111421, Moscow, Koroleva street, house 101,
member of the self-regulatory organization of auditors "NNN",
ORNZ 01234567890.
"_____" _____________ 2017
1.6. Annual financial statements of a commercial organization in accordance with Russian rules
(with key audit questions)
[The auditor's report was made by an audit firm in the following circumstances:
the audited entity is an organization whose securities are admitted to organized trading;
the audit was conducted in accordance with the International Standards on Auditing (ISA), enacted and applicable in the Russian Federation;
the audit was carried out in relation to a complete set of annual financial statements, the composition of which is established by the Federal Law “On Accounting”;
the annual financial statements have been prepared by the management of the audited entity in accordance with the rules for preparing financial statements established in the Russian Federation;
persons responsible for overseeing the preparation of annual financial statements are not persons responsible for the corporate governance of the audited entity (members of the board of directors, supervisory board, others);
the auditor's report contains key audit matters in accordance with the requirements of ISA 701 "Communicating Key Audit Matters in the Auditor's Report";
all other information determined in accordance with ISA 720, The Auditor's Responsibilities Relating to Other Information, is obtained prior to the date of the auditor's report (unless the auditee prepares other information, the Other Information section should be deleted from the auditor's report);
there are no material misstatements in the other information determined in accordance with ISA 720, The Auditor's Responsibilities Relating to Other Information;
there is no material uncertainty in connection with events or conditions, as a result of which significant doubts may arise about the ability of the audited entity to continue as a going concern;
when carrying out the audit, the auditing organization was guided by: the Rules of Independence of Auditors and Auditing Organizations, adopted by the self-regulatory organization of auditors, of which it is a member, on the basis of the Rules of Independence of Auditors and Auditing Organizations, approved by the Auditing Council; The Code of Professional Ethics for Auditors, adopted by the self-regulatory organization of auditors of which it is a member, based on the Code of Professional Ethics for Auditors approved by the Auditing Board;
terms of the audit engagement in terms of the responsibility of the management of the audited entity for the annual financial statements comply with the requirements of ISA 210 " Negotiation of terms of audit engagements »;
based on the audit evidence obtained, the auditing organization has concluded that it is reasonable to express an unmodified opinion in the auditor's report;
in addition to the audit of the annual financial statements, regulatory legal acts do not provide for the auditor's obligation to carry out additional procedures in relation to these statements.]
AUDIT REPORT
To the shareholders of the joint-stock company "YYY"
Opinion
We have audited the attached annual financial statements of the joint-stock company "YYY" (OGRN 8800000000000, house 220, Profsoyuznaya street, Moscow, 115621), consisting of the balance sheet as of December 31, 2016, the statement of financial results, annexes to the balance sheet and the report on financial results, including the statement of changes in equity and the statement of cash flows for 2016, notes to the balance sheet and the statement of financial results.
In our opinion, the accompanying annual financial statements reflect fairly, in all material respects, the financial position of YYY Joint Stock Company as of December 31, 2016, its financial results and cash flows for 2016 in accordance with the accounting rules set out in Russian Federation.
Basis for expression
We conducted our audit in accordance with International Standards on Auditing (ISA). Our responsibilities in accordance with these standards are described in the Auditor's Responsibility for the Audit of the Annual Financial Statements section of this report. We are independent in relation to the audited entity in accordance with the Rules of Independence of Auditors and Auditing Organizations and the Code of Professional Ethics for Auditors, in accordance with the Code of Ethics for Professional Accountants developed by the International Ethics Standards Council for Professional Accountants, and we have performed other other duties in accordance with these requirements professional ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Key audit issues
Key audit matters are those matters that, in our professional judgment, were of most significance to our audit of the annual financial statements of the current period. These issues were considered in the context of our audit of the annual financial statements as a whole and in forming our opinion on these statements, and we do not express a separate opinion on these matters.
[Example. Accounts receivable - explanation [X] of the annual financial statements.
The audited entity has significant balances of accounts receivable from construction contractors. A number of such counterparties are experiencing financial difficulties and, therefore, there is a risk of non-payment of this debt.
Our audit procedures included: testing controls over the receivables settlement process; cash receipt testing after reporting date; testing the reasonableness of the calculation of the allowance for doubtful debts, taking into account the information available from external sources about the degree of credit risk in respect of receivables, as well as using our own understanding of the size of doubtful accounts receivable as a whole in the industry based on recent experience. We also assessed the adequacy of the audited entity's disclosures about the extent to which value judgments were used in calculating the allowance for doubtful debts.]
other information
Management is responsible for other information. Other information includes [ information contained in the X report, but does not include the annual financial statements and our auditor's report thereon].
Our opinion on the annual financial statements does not apply to other information, and we do not provide a conclusion that provides any form of assurance about this information.
In connection with our audit of the annual financial statements, our responsibility is to review the other information and consider whether there are material inconsistencies between the other information and the annual financial statements or our knowledge obtained during the audit, and whether other information contains other signs of material misstatement. If, based on our work, we conclude that such other information contains a material misstatement, we are required to report this fact. We have not identified any facts that need to be reflected in our opinion.
Responsibilities of Management and [Board Members]
of the audited entity for the annual financial statements
Management is responsible for the preparation and fair presentation of these annual financial statements in accordance with the accounting rules established in the Russian Federation and for the internal control system that management considers necessary for the preparation of annual financial statements that do not contain material distortions due to fraud or errors. ...
In preparing the annual financial statements, management is responsible for assessing the ability of the auditee to continue as a going concern, for disclosing going concern information, as appropriate, and for preparing statements on a going concern basis, unless management intends to liquidate the auditee. a person, to terminate its activities or when he has no other real alternative other than liquidation or termination of activities.
[Board members] are responsible for overseeing the preparation of the audited entity's annual financial statements.
Auditor's responsibility for the audit
annual financial statements
Our goal is to obtain reasonable assurance that the annual financial statements are free of material misstatement due to fraud or error, and to draw up an auditor's report containing our opinion. Reasonable assurance is a high degree of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect material misstatements, if any. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these annual financial statements.
As part of an audit in accordance with ISA, we exercise professional judgment and maintain professional skepticism throughout the audit. In addition, we do the following:
a) identify and assess the risks of material misstatement of the annual financial statements due to fraud or errors; we design and conduct audit procedures in response to these risks; Obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting material misstatement as a result of fraud is higher than the risk of not detecting material misstatement as a result of an error, since fraud may include collusion, forgery, willful omission, misrepresentation, or bypassing internal control;
b) obtain an understanding of the internal control system that is relevant to the audit in order to develop audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control system of the auditee;
c) assess the appropriateness of the applied accounting policy, the reasonableness of accounting estimates and the relevant disclosures prepared by the management of the audited entity;
d) we conclude on the appropriateness of the management of the audited entity applying the going concern assumption, and based on the audit evidence obtained, we conclude whether there is a material uncertainty in connection with events or conditions that may result in significant doubts about the ability of the audited entity to continue as a going concern. their activities. If we conclude that a material uncertainty exists, we should draw attention in our auditor's report to the related disclosures in the annual financial statements or, if such disclosures are inappropriate, modify our opinion. Our conclusions are based on audit evidence obtained prior to the date of our auditor's report. However, future events or conditions may cause the auditee to lose its ability to continue as a going concern;
e) we assess the presentation of the annual financial statements as a whole, their structure and content, including disclosure of information, as well as whether the annual financial statements present the underlying transactions and events in such a way as to ensure their reliable presentation.
We communicate with [members of the board of directors] of the audited entity, bringing to their attention, among other things, information on the planned scope and timing of the audit, as well as on material comments on the audit results, including on significant deficiencies in the internal control system that we we identify during the audit.
We also provide [members of the board of directors] of the audited entity with a statement that we have complied with all relevant ethical requirements with regard to independence and have informed those individuals of all relationships and other matters that could reasonably be considered to have an impact on the auditor's independence, and where appropriate - on appropriate precautions.
Of the issues that we brought to the attention of the [board members] of the audited entity, we identified the issues that were most significant for the audit of the annual financial statements for the current period and, therefore, are the key audit issues. We describe these matters in our auditor's report, unless public disclosure of these matters is prohibited by law or regulation, or where, in extremely rare cases, we conclude that information about a matter should not be communicated to our conclusion, since it can reasonably be assumed that the negative consequences of communicating such information will outweigh the socially significant benefits of communicating it.
Audit Engagement Leader,
which resulted in
auditor's report [signature] Initials, surname
Audit organization:
joint Stock Company "ZZZ",
OGRN 9900000000000,
111421, Moscow, Koroleva street, house 101,
member of the self-regulatory organization of auditors "NNN",
ORNZ 01234567890.
"_____" _____________ 2017
2. REPORTING DRAFTED IN ACCORDANCE WITH A SPECIAL PURPOSE CONCEPT
2.1. Consolidated financial report of a political party
[The auditor's report was made by an audit firm in the following circumstances:
the audited entity is a political party;
the audit was conducted in accordance with the International Standards on Auditing (ISA), enacted and applicable in the Russian Federation;
the audit was conducted on the consolidated financial report political party provided for by the Federal Law "On Political Parties" and drawn up in the form established by the CEC of Russia Resolution No. 153 / 1025-4 of September 28, 2005 "On the Forms of the Consolidated Financial Report of a Political Party and Information on the Receipt and Expenditure of Funds of a Political Party, regional branch of a political party, other registered structural unit political party ";
when compiling the consolidated financial report of a political party, the authorized person (body) of the political party was guided by the resolution of the CEC of Russia dated June 10, 2009 No. 163 / 1158-5 "On Recommendations for compiling information on the receipt and expenditure of funds of a political party, a regional branch of a political party, etc. a registered structural unit of a political party and on the Recommendations for the preparation of a consolidated financial report of a political party ”;
responsibility for overseeing the preparation of a consolidated financial report of a political party and for organizing its mandatory audit shall be borne by the person (body) authorized (authorized) by the documents of the political party;
the audited entity does not prepare other information determined in accordance with ISA 720 “Responsibilities of the Auditor Relating to Other Information”;
there is no material uncertainty in connection with events or conditions, as a result of which significant doubts may arise about the ability of the audited entity to continue as a going concern;
when carrying out the audit, the auditing organization was guided by: the Rules of Independence of Auditors and Auditing Organizations, adopted by the self-regulatory organization of auditors, of which it is a member, on the basis of the Rules of Independence of Auditors and Auditing Organizations, approved by the Auditing Council; The Code of Professional Ethics for Auditors, adopted by the self-regulatory organization of auditors of which it is a member, based on the Code of Professional Ethics for Auditors approved by the Auditing Board;
the terms of the audit engagement in terms of the responsibility of the authorized person (body) of the political party for the consolidated financial report of the political party comply with the requirements of ISA 210 "Coordination of the terms of audit engagements";
the auditor also issued an auditor's report on the annual financial statements of the political party, the composition of which is established by the Federal Law “On Accounting”, prepared for the same period;
the auditor is not required to communicate key audit matters in accordance with ISA 701, Communicating Key Audit Matters in the Auditor's Report, and has not chosen to do so for any other reason;
based on the audit evidence obtained, the auditing organization has concluded that it is reasonable to express an unmodified opinion in the auditor's report;
in addition to auditing the consolidated financial statements, the regulations do not provide for the auditor's obligation to carry out additional procedures in relation to these statements.]
AUDIT REPORT
Opinion
We have audited the attached consolidated financial report of the political party "YYY" (OGRN 8800000000000, house 220, Profsoyuznaya street, Moscow, 115621) for 2016 (hereinafter referred to as the consolidated financial report).
In our opinion, the attached consolidated financial report for 2016 was prepared in all material respects in accordance with the requirements of the Federal Law "On Political Parties" and Resolutions of the CEC of Russia dated September 28, 2005 No. 153 / 1025-4 "On the Forms of the Consolidated Financial Report of Political party and information on the receipt and expenditure of funds of a political party, regional branch of a political party, other registered structural unit of a political party ", dated June 10, 2009 No. 163 / 1158-5" On Recommendations for compiling information on the receipt and expenditure of funds of a political party, a regional branch of a political party, another registered structural subdivision of a political party and on the Recommendations for the preparation of a consolidated financial report of a political party. "
Basis for expression
We draw your attention to the information on the principles of preparation of the consolidated financial statements set out in paragraph X explanatory note to this report.
The consolidated financial report has been prepared in order to comply with the requirements of the Federal Law "On Political Parties" by the political party. As a consequence, this consolidated financial statement may not be suitable for any other purpose. We will not modify our opinion in connection with this circumstance.
Other information
The political party has prepared the annual financial statements for 2016 in accordance with the accounting rules established in the Russian Federation. We have audited these statements and have issued an auditor's report dated "_____" _____________ 2017.
ResponsibilityXXX andWWW
for the preparation of the consolidated financial report
XXX is responsible for the preparation of a consolidated financial report in accordance with the Federal Law "On Political Parties" and Resolutions of the CEC of Russia dated June 10, 2009 No. 163 / 1158-5 "On Recommendations for Compiling Information on the Receipt and Expenditure of Funds of a Political Party, Regional Branch a political party, another registered structural unit of a political party and on Recommendations for the preparation of a consolidated financial report of a political party ", and dated June 10, 2009 No. 163 / 1158-5" On Recommendations for the preparation of information on the receipt and expenditure of funds of a political party, regional branch a political party, another registered structural unit of a political party and on the Recommendations for the preparation of a consolidated financial report of a political party ", and for the internal control system, which XXX considers necessary to prepare a consolidated financial report that does not contain material misstatements due to unfair x actions or mistakes.
In preparing the consolidated financial statements, XXX is responsible for assessing a political party's ability to continue as a going concern, for disclosing going concern information as appropriate, and for applying the going concern basis of accounting, unless, in accordance with Articles 39 and 41 of the Federal Law "On Political Parties" in the prescribed manner adopted or planned to make a decision on the liquidation of a political party or on the suspension of its activities.
The WWW political party is responsible for overseeing the preparation of the consolidated financial statements.
Auditor's responsibility
for the audit of the consolidated financial report
Our objective is to obtain reasonable assurance about whether the consolidated financial statements are free from material misstatement, whether due to fraud or error, and to issue an auditor's report containing our opinion. Reasonable assurance is a high degree of assurance, but is not a guarantee that an audit conducted in accordance with ISA will always detect material misstatement, if any. Misstatements can arise from fraud or error and are material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the consolidated financial statements.
As part of an audit in accordance with ISA, we exercise professional judgment and maintain professional skepticism throughout the audit. In addition, we:
a) identify and assess the risks of material misstatement of the consolidated financial statement due to fraud or errors; develop and conduct audit procedures in response to these risks; Obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting material misstatement as a result of fraud is higher than the risk of not detecting material misstatement as a result of an error, since fraud may include collusion, forgery, willful omission, misrepresentation, or bypassing internal control;
b) obtain an understanding of the internal control system that is relevant to the audit in order to develop audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control system of the auditee;
c) assess the appropriateness of the accounting policies used, the reasonableness of accounting estimates and related disclosures prepared by XXX political party;
d) conclude that the XXX political party's going concern assumption is appropriate, and, based on the audit evidence obtained, conclude whether there is a material uncertainty in relation to events or conditions that may result in significant doubts about a political party's ability to continue as a going concern their activities. If we conclude that a material uncertainty exists, we should draw attention in our auditor's report to the related disclosures in the consolidated financial statements or, if such disclosures are inappropriate, modify our opinion. Our conclusions are based on audit evidence obtained prior to the date of our auditor's report. However, future events or conditions may lead to the fact that, in accordance with Articles 39 and 41 of the Federal Law "On Political Parties," a decision will be made in the prescribed manner to suspend or liquidate a political party.
We carry out information interaction with the WWW of the audited entity, bringing to their (him) attention, among other things, information about the planned scope and timing of the audit, as well as material comments on the audit results, including significant deficiencies in the internal control system that we identify during the audit.
Audit Engagement Leader,
which resulted in
auditor's report [signature] Initials, surname
Audit organization:
joint Stock Company "ZZZ",
OGRN 9900000000000,
111421, Moscow, Koroleva street, house 101,
member of the self-regulatory organization of auditors "NNN",
ORNZ 01234567890
"_____" _____________ 2017
2.2. Information on the receipt and expenditure of funds of the regional branch of a political party
[The auditor's report was made by an audit firm in the following circumstances:
the audited entity is the regional branch of the political party;
the audit was conducted in accordance with the International Standards on Auditing (ISA), enacted and applicable in the Russian Federation;
the audit was carried out in relation to information on the receipt and expenditure of funds of the regional branch of a political party, provided for by the Federal Law "On Political Parties" and drawn up in the form established by the CEC of Russia resolution dated September 28, 2005 No. 153 / 1025-4 "On the Forms of the Consolidated Financial Report political party and information on the receipt and expenditure of funds of a political party, regional branch of a political party, other registered structural unit of a political party ";
when compiling information on the receipt and expenditure of funds of the regional branch of a political party, the authorized person (body) of the regional branch of a political party was guided by the resolution of the CEC of Russia dated June 10, 2009 No. 163 / 1158-5 "On Recommendations for compiling information on the receipt and expenditure of funds of a political party , regional branch of a political party, other registered structural unit of a political party and on the Recommendations for the preparation of a consolidated financial report of a political party ";
the person (body) authorized (authorized) in accordance with the documents of the political party that created the regional branch shall be responsible for overseeing the preparation of information on the receipt and expenditure of funds of the regional branch of a political party and for organizing their mandatory audit;
the audited entity does not prepare other information determined in accordance with ISA 720 “Responsibilities of the Auditor Relating to Other Information”;
there is no material uncertainty in connection with events or conditions, as a result of which significant doubts may arise about the ability of the audited entity to continue as a going concern;
when carrying out the audit, the auditing organization was guided by: the Rules of Independence of Auditors and Auditing Organizations, adopted by the self-regulatory organization of auditors, of which it is a member, on the basis of the Rules of Independence of Auditors and Auditing Organizations, approved by the Auditing Council; The Code of Professional Ethics for Auditors, adopted by the self-regulatory organization of auditors of which it is a member, based on the Code of Professional Ethics for Auditors approved by the Auditing Board;
the terms of the audit assignment in terms of the responsibility of the authorized person (body) of the regional branch of the political party for information on the receipt and expenditure of funds from the regional branch of the political party comply with the requirements of ISA 210 "Coordination of the terms of audit assignments";
there are no restrictions on the dissemination or use of the results of the audit engagement;
the auditor also issued an auditor's report on the annual financial statements of the regional branch of the political party, the composition of which is established by the Federal Law "On Accounting", prepared for the same period;
the auditor is not required to communicate key audit matters in accordance with ISA 701, Communicating Key Audit Matters in the Auditor's Report, and has not chosen to do so for any other reason;
based on the audit evidence obtained, the auditing organization has concluded that it is reasonable to express an unmodified opinion in the auditor's report;
in addition to auditing information on the receipt and expenditure of funds of the regional branch of a political party, regulatory legal acts do not provide for the auditor's obligation to conduct additional procedures in relation to these reports.]
AUDIT REPORT
Opinion
We audited the attached information on the receipt and expenditure of funds from the Sakhalin regional branch of the political party "YYY" (PSRN 1000000000000, building 23, Dzerzhinsky street, Yuzhno-Sakhalinsk, 693020) (hereinafter - the regional branch of the political party) for I, II, III and IV quarters of 2016 (hereinafter - information).
In our opinion, the attached information was prepared in all material respects in accordance with the requirements of the Federal Law "On Political Parties" and Resolutions of the CEC of Russia dated September 28, 2005 No. 153 / 1025-4 "On the Forms of the Consolidated Financial Report of a Political Party and Information on Receipt and expenditure of funds of a political party, regional branch of a political party, other registered structural unit of a political party ", dated June 10, 2009 No. 163 / 1158-5" On Recommendations for compiling information on the receipt and expenditure of funds of a political party, regional branch of a political party, another registered structural subdivision of a political party and on the Recommendations for the preparation of a consolidated financial report of a political party ”.
Basis for expression
We conducted our audit in accordance with International Standards on Auditing (ISA). Our responsibilities under these standards are described in the Auditor's Responsibilities for the Audit of the Consolidated Financial Statements section of this report. We are independent of the auditee in accordance with the Rules for the Independence of Auditors and Auditing Firms and the Code of Professional Ethics for Auditors, in accordance with the Code of Ethics for Professional Accountants developed by the International Ethics Standards Board for Professional Accountants, and we have performed other appropriate responsibilities in accordance with these requirements. professional ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Significant Circumstances - Accounting Principles
and restrictions on distribution
We draw your attention to the information on the principles of compiling information set forth in paragraph X of the explanatory note to them.
The information was prepared in order to comply with the regional branch of the political party with the requirements of the Federal Law "On Political Parties". As a result, this information may not be suitable for any other purpose. We will not modify our opinion in connection with this circumstance.
Other information
The regional branch of the political party prepared the annual financial statements for 2016 in accordance with the accounting rules established in the Russian Federation. We have audited these statements and have issued an auditor's report dated "_____" _____________ 2017.
ResponsibilityXXX andWWW
for preparing information
XXX is responsible for the preparation of information in accordance with the Federal Law "On Political Parties" and Resolutions of the CEC of Russia dated June 10, 2009 No. 163 / 1158-5 "On Recommendations for Compiling Information on the Receipt and Expenditure of Funds of a Political Party, Regional Branch of a Political Party , another registered structural unit of a political party and on Recommendations for the preparation of a consolidated financial report of a political party ", and dated June 10, 2009 No. 163 / 1158-5" On Recommendations for the preparation of information on the receipt and expenditure of funds of a political party, regional branch of a political party , another registered structural unit of a political party and on the Recommendations for the preparation of a consolidated financial statement of a political party ”, and for the internal control system, which XXX considers necessary to prepare a report that does not contain material misstatements due to fraud or errors.
In preparing the disclosures, XXX is responsible for assessing the ability of the regional branch of the political party to continue as a going concern, for disclosing going concern information as appropriate, and for applying the going concern basis of accounting, unless, in accordance with the charter of a political party or in the manner prescribed by Articles 39 and 41 of the Federal Law "On Political Parties", a decision has been made or is planned to be taken to liquidate a regional branch of a political party or to suspend its activities.
WWW is responsible for overseeing the preparation of the information.
Auditor's Responsibility for Auditing Information
Our objective is to obtain reasonable assurance about whether the information is free from material misstatement, whether due to fraud or error, and to issue an auditor's report containing our opinion. Reasonable assurance is a high degree of assurance, but is not a guarantee that an audit conducted in accordance with ISA will always detect material misstatement, if any. Misstatements can arise from fraud or error and are material if, individually or in the aggregate, they can reasonably be expected to influence the economic decisions of users based on the information.
As part of an audit in accordance with ISA, we exercise professional judgment and maintain professional skepticism throughout the audit. In addition, we:
a) identify and assess the risks of material misstatement of information due to fraud or errors; develop and conduct audit procedures in response to these risks; Obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting material misstatement as a result of fraud is higher than the risk of not detecting material misstatement as a result of an error, since fraud may include collusion, forgery, deliberate omission, misrepresentation of information, or actions that circumvent internal control;
b) obtain an understanding of the internal control system that is relevant to the audit in order to develop audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control system of the auditee;
c) assess the appropriateness of the applied accounting policy, the validity of accounting estimates and the corresponding disclosure of information prepared by the XXX regional branch of the political party;
d) we conclude that the XXX regional branch of the political party is applying the going concern assumption, and based on the audit evidence obtained, we conclude whether there is a material uncertainty in connection with events or conditions that may result in significant doubts about the ability of the regional branch political party to continue its activities continuously. If we conclude that a material uncertainty exists, we should draw attention in our auditor's report to the relevant disclosures in the information or, if such disclosures are inappropriate, modify our opinion. Our conclusions are based on audit evidence obtained prior to the date of our auditor's report. However, future events or conditions may lead to the fact that, in accordance with the charter of a political party or in the manner prescribed by Articles 39 and 41 of the Federal Law "On Political Parties", a decision is made or planned to liquidate a regional branch of a political party or suspend its activities.
We carry out information interaction with the WWW of the audited entity, bringing to their (him) attention, among other things, information about the planned scope and timing of the audit, as well as material comments on the audit results, including significant deficiencies in the internal control system that we identify during the audit.
Audit Engagement Leader,
which resulted in
auditor's report [signature] Initials, surname
Audit organization:
joint Stock Company "ZZZ",
OGRN 9900000000000,
111421, Moscow, Koroleva street, house 101,
member of the self-regulatory organization of auditors "NNN",
ORNZ 01234567890
"_____" _____________ 2017
The addressee of the audit report, determined in accordance with the terms of the audit engagement, is indicated. For example, it may be a person (body) of a political party authorized, in accordance with its charter, to approve the accounting (financial) statements of a political party or to appoint an audit organization (clause 8 of Article 25 of the Federal Law “On Political Parties”).
A person (body) of a political party responsible (responsible) for the preparation of financial statements of a political party, determined (determined) by the documents of a political party. For example, he may be a person of a political party who, by virtue of Part 1 of Article 7 of the Federal Law "On Accounting", is responsible for organizing accounting and keeping accounting documents of a political party, or a person responsible for carrying out financial activities of a political party, appointed in accordance with paragraph 5 of Article 28 of the Federal Law "On Political Parties".
A person (body) of a political party responsible (responsible) for overseeing the preparation of financial statements of a political party, determined (determined) by the documents of the political party. In accordance with paragraph A3 of ISA 260, Communication with Those Charged with Governance, it is difficult for the auditor to discuss and agree upon the determination of the person or persons charged with governance with whom the auditor needs to communicate. the person or persons with the party that engaged the auditor for the engagement.
In accordance with the documents of a political party, a person (body) of a regional branch of a political party may be responsible for overseeing the preparation of financial statements and for organizing its mandatory audit.
The addressee of the audit report, determined in accordance with the terms of the audit engagement, is indicated. For example, it can be a person (body) of a regional branch of a political party or a person (body) of a political party that created a regional branch, which (which), in accordance with the documents of a political party, is authorized (authorized) to approve the accounting (financial) statements of a regional branch of a political party, or to appoint an audit organization (clause 8 of Article 25 of the Federal Law "On Political Parties").
The person (body) of the regional branch of a political party, responsible (responsible) for the preparation of financial statements of the regional branch of a political party, determined (determined) by the documents of the political party. For example, he may be a person of a regional branch of a political party who, by virtue of Part 1 of Article 7 of the Federal Law "On Accounting", is responsible for organizing accounting and keeping accounting documents of a regional branch of a political party, or a person responsible for carrying out financial activities , a regional branch of a political party, appointed in accordance with paragraph 5 of Article 28 of the Federal Law "On Political Parties".
The person (body) of the regional branch of the political party or the person (body) of the political party that created the considered regional branch, responsible (responsible) for overseeing the preparation of financial statements of the regional branch of the political party, determined (determined) by the documents of the political party and (or) the considered regional branches. If it is difficult to identify the person or persons charged with governance with whom the auditor needs to communicate, the auditor needs to discuss and agree on that person in accordance with paragraph A3 of ISA 260, Communication with Those Charged with Governance. or persons with a party engaging the auditor for the engagement.
If necessary, another title of the section is acceptable, for example, “Information other than the annual consolidated financial statements and the auditor's report thereon”.
If necessary, a different title of the section is acceptable, for example, “Information other than the annual financial statements and the auditor's report thereon”.
If necessary, a different title of the section is acceptable, for example, "Information other than the annual financial statements and the auditor's report on it."
The addressee of the audit report, determined in accordance with the terms of the audit engagement, is indicated. For example, it may be a person (body) of a political party authorized in accordance with its charter to appoint an audit organization (clause 8 of Article 25 of the Federal Law "On Political Parties").
The person (body) of the political party responsible (responsible) for the preparation of the consolidated financial report, determined (determined) by the documents of the political party. For example, he may be a person of a political party who, by virtue of Part 1 of Article 7 of the Federal Law "On Accounting", is responsible for organizing accounting and storing accounting documents of a political party, or a person responsible for financial activities of a political party, appointed in accordance with paragraph 5 of Article 28 of the Federal Law "On Political Parties".
A person (body) of a political party responsible (responsible) for overseeing the preparation of a consolidated financial report, determined (determined) by the documents of a political party. In accordance with paragraph A3 of ISA 260, Communication with Those Charged with Governance, it is difficult for the auditor to discuss and agree upon the determination of the person or persons charged with governance with whom the auditor should communicate. the person or persons with the party that engaged the auditor for the engagement.
In accordance with the documents of a political party, a person (body) of a regional branch of a political party may be responsible for overseeing the preparation of information on the receipt and expenditure of funds from a regional branch of a political party and for organizing their mandatory audit.
The addressee of the audit report, determined in accordance with the terms of the audit engagement, is indicated. For example, it may be a person (body) of a political party authorized (authorized) in accordance with its charter to appoint an audit organization (paragraph 8 of Article 25 of the Federal Law "On Political Parties").
The person (body) of the regional branch of the political party, responsible (responsible) for the preparation of information, determined (determined) by the documents of the political party and (or) the regional branch of the political party. For example, he may be a person of a regional branch of a political party who, by virtue of Part 1 of Article 7 of the Federal Law "On Accounting", is responsible for organizing accounting and keeping accounting documents of a regional branch of a political party, or a person responsible for carrying out financial activities a regional branch of a political party, appointed in accordance with paragraph 5 of Article 28 of the Federal Law "On Political Parties".
A person (body) of a regional branch of a political party or a person (body) of a political party that created a regional branch, responsible (responsible) for overseeing the preparation of information, determined (determined) by the documents of the political party and (or) the regional branch of the political party. If it is difficult to identify the person or persons charged with governance with whom the auditor needs to communicate, the auditor needs to discuss and agree on that person in accordance with paragraph A3 of ISA 260, Communication with Those Charged with Governance. or persons with a party engaging the auditor for the engagement.
This material provides a brief overview of the changes in Russian audit in 2017 and the implications for the business. You will find a detailed analysis of the consequences with the comments of Pravovest Audit experts in the articles:
What changes in statutory audit in 2017?
Since January 1, 2017, 30 international auditing standards (ISA) have been put into effect on the territory of the Russian Federation, according to the order of the Ministry of Finance of October 24, 2016 N 192n. Also, by Order of the Ministry of Finance dated 09.11.2016 No. 207n, 18 more new audit standards were introduced from January 1, 2017. The list of international auditing standards includes:
- agreement on the terms of audit engagements;
- quality control when auditing financial statements;
- audit documentation;
- forming an opinion and drawing up an opinion on financial statements;
- communicating key audit matters in the auditor's report;
- modified opinion in the auditor's report, etc.
All this will increase the labor intensity of the audit by 30-40%, due to the increasing number of audit procedures in accordance with the ISA requirements, the need to fill out new forms and tables and other working documents.
Also in the plans of legislators in 2017 to increase the responsibility of auditors. The Ministry of Finance proposes to punish them not only with fines, according to the Code of Administrative Offenses, but also to introduce criminal liability for issuing a knowingly false audit report. The corresponding draft has been posted for public discussion on the website of the federal portal of draft regulations http://regulation.gov.ru/projects#npa\u003d51024
ISA Auditor's Report Will Become More Informative and Public
Instead of the usual form of an auditor's report on several sheets of standard text, all new statutory audit contracts concluded from January 1, 2017 are provided with a more informative auditor's report in accordance with International Statutory Auditing Standards.
The new form of the auditor's report in accordance with ISA will contain not only an assessment of the company's financial statements, but also pay attention to the most important points in the activities of the audited entity, including what attracted the most attention of the auditor, what the auditor sees as the most significant risks for business, etc.
Thereby new form AZ assumes extended information not only for the accounting department, but also for external and internal interested users: shareholders, the board of directors, etc., that is, a wider circle of people who make decisions about the business development strategy.
Let us recall that from October 1, 2016, legally significant information about the facts of the activities of legal entities, including information about a mandatory audit, is entered into the Unified Federal Register. At the same time, the audit client is obliged to disclose the circumstances that have a significant impact on the reliability of the statements listed in the auditor's report.
Information in the Register must be entered within three working days from the date of occurrence of the relevant fact (paragraph 2, clause 9, article 7.1 of Law No. 129-FZ). If this term is violated, the organization's officials may be brought to administrative responsibility, up to and including disqualification.
Thus, from January 1, 2017, the new requirements of the ISA will affect both auditors and audited companies. The amount of data required to analyze the activities of audited organizations is significantly increasing, and the degree of publicity of audit results also increases.
Business implications
Undoubtedly, the disclosure of additional data in the auditor's report will allow investors and counterparties of companies to make more balanced business decisions. However, as a result, one should expect an increase not only in the quality in assessing business risks, but also an increase in the cost of an audit from 2017. In addition, the financial risks, since an increase in the level of transparency of the company's activities and the reflection in the audit report of all identified business risks will automatically lead to an increase in the cost of bank loans for companies.
International Standards on Auditing (ISA) have long-term business implications. The plans are that from 2018 the IFTS will be able to require auditors to disclose audit secrets. On the federal portal of draft laws and regulations, regulation.gov.ru, for public discussion, the draft Federal Law on Amendments to Articles 82 and 93.1 of Part One of the Tax Code of the Russian Federation has been posted. During tax control, it will be allowed to collect, store, use and disseminate information about the taxpayer (payer of the collection, payer of insurance premiums, tax agent) received from auditing organizations and individual auditors.
An official of a tax authority will have the right to demand from auditors the documents (information) received by them during audits and the provision of other audit services that serve as the basis for calculating and paying (withholding, transferring) tax (collection) by the organization. These documents can be requested tax authorityif they are not presented in the established manner by the taxpayer himself.
Now current edition The Tax Code does not yet allow, when exercising tax control, to collect, store, use and disseminate information about taxpayers obtained in violation of the requirement to ensure the confidentiality of information constituting a professional secret of other persons, in particular an audit secret.
Implications for accounting
The responsibilities of an accountant are increasingly going beyond accounting. It is no secret that even now, in many companies, the responsibilities of the chief accountant are not limited solely to accounting and filing tax returns. An accountant is required to assess tax risks and consequences during transactions, tax and financial planning, which leads to increased responsibility and increased risks to professional reputation.
Why is it better to audit 2016 financial statements not in accordance with ISA?
If the audit agreement is concluded before January 1, 2017, then the audit organization has the right to audit the accounting (financial) statements and draw up an auditor's report in accordance with the auditing standards in force prior to the entry into force of international audit. Under agreements concluded after January 1, 2017, new international auditing standards in Russia are applied when auditing accounting (financial) statements drawn up for any reporting periods.
With the introduction of ISA, it is important for companies to take seriously the determination of the timing of the audit of financial statements, since during the course of the audit a sufficient number of questions usually arise, and sometimes the need to make corrections to the accounting. It is advisable not to schedule an audit on the last days before the delivery of an accounting or tax reportingwhen the accounting department is already heavily loaded.
It would be preferable to audit the 2016 financial statements for russian standardsby concluding an agreement by the end of 2016. The arguments in favor of this are the lack of a clear regulation of the actions of the parties to the contract for the provision of audit services according to the new rules, a tangible increase in labor intensity and cost of services that are inevitable with such global changes in the audit industry.
The best option is to conduct an audit for 2016 in two stages (based on the results of 9 months and for the year). In this case, the auditors will perform almost the entire volume of work before the end of the reporting year, which will allow the organization to avoid haste, take into account their conclusions and recommendations in order to approach the annual report without distortions and accounting errors.
As you know, in case of significant accounting distortions, the auditor's report may be negative, which will require the organization to incur additional costs associated with correcting the identified violations. Carrying out the bulk of work based on the results of reporting for 9 months will help both the accounting department and auditors to avoid these troubles. And even having received a report with a list of significant errors made in the preparation of reports for 9 months, the organization will have time to make the necessary corrections to the accounting and receive a positive audit opinion at the end of the year.
The transition to ISA is aimed at reforming the audit activity in Russia, improving the quality of reporting and financial information presented to the external market. The innovations will affect not only auditors, but also companies subject to statutory audit. We will solve the tasks set for auditors and business together, putting quality and professionalism in the basis of cooperation.
Compilation of indicative forms of reports in accordance with International Standards on Auditing (version 3/2018)
the audited entity is not an organization whose securities are admitted to organized trading;
the annual financial statements have been prepared by the management of the audited entity in accordance with the rules for drawing up financial statements established in the Russian Federation;
AUDIT REPORT
Opinion
Management is responsible for the preparation and fair presentation of these annual financial statements in accordance with the rules for preparing financial statements established in the Russian Federation, and for the internal control system, which management considers necessary for the preparation of annual financial statements that do not contain material distortions due to fraud or errors ...
In preparing the annual financial statements, management is responsible for assessing the ability of the auditee to continue as a going concern, for disclosing going concern information, as appropriate, and for reporting on a going concern basis, unless management intends to liquidate the audited entity. a person, to terminate his activities or when he has no other real alternative other than liquidation or termination of activities.
Audit organization:
joint Stock Company "ZZZ",
OGRN 9900000000000,
ORNZ 01234567890
AUDIT REPORT
Opinion
We have audited the attached annual financial statements of the political party "YYY" (OGRN 8800000000000, house 220, Profsoyuznaya street, Moscow, 115621), consisting of the balance sheet as of December 31, 2016, the report on the intended use of funds for 2016, explanations to balance sheet and the statement on the intended use of funds for 2016.
In our opinion, the attached annual financial statements accurately reflect, in all material respects, the financial position of the political party "YYY" as of December 31, 2016, the intended use of funds and their movement in 2016 in accordance with the accounting rules established in the Russian Federation ...
Basis for expression
We conducted our audit in accordance with International Standards on Auditing (ISA). Our responsibilities in accordance with these standards are described in the Auditor's Responsibility for the Audit of the Annual Financial Statements section of this report. We are independent of the political party in accordance with the Rules of Independence of Auditors and Auditing Firms and the Code of Professional Ethics for Auditors, which are in line with the Code of Ethics for Professional Accountants developed by the International Ethics Standards Board for Professional Accountants, and we have performed other due responsibilities in accordance with these requirements. professional ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
the audited entity does not prepare other information determined in accordance with ISA 720 “Responsibilities of the Auditor Relating to Other Information”; information prepared by the regional branch of a political party in accordance with the Federal Law "On Political Parties" on the receipt and expenditure of funds from the regional branch of a political party is not considered as other information in the sense of paragraph A5 of ISA 720 "Duties of the auditor related to other information";
there is no material uncertainty in connection with events or conditions, as a result of which significant doubts may arise about the ability of the audited entity to continue as a going concern;
when carrying out the audit, the auditing organization was guided by: the Rules of Independence of Auditors and Auditing Organizations, adopted by the self-regulatory organization of auditors, of which it is a member, on the basis of the Rules of Independence of Auditors and Auditing Organizations, approved by the Auditing Council; The Code of Professional Ethics for Auditors, adopted by the self-regulatory organization of auditors of which it is a member, based on the Code of Professional Ethics for Auditors approved by the Auditing Board;
the terms of the audit assignment in terms of the responsibility of the authorized person (body) of the regional branch of the political party for the annual financial statements comply with the requirements of ISA 210 "Coordination of the terms of audit assignments";
based on the audit evidence obtained, the auditing organization has concluded that it is reasonable to express an unmodified opinion in the auditor's report;
in addition to the audit of the annual financial statements, regulatory legal acts do not provide for the auditor's obligation to carry out additional procedures in relation to these statements.]
AUDIT REPORT
Opinion
We have audited the attached annual financial statements of the Sakhalin regional branch of the political party "YYY" (OGRN 1000000000000, building 23, Dzerzhinsky street, Yuzhno-Sakhalinsk, 693020) (hereinafter referred to as the regional branch of the political party), consisting of the balance sheet as of December 31, 2016 year, the report on the targeted use of funds for 2016, explanations to the balance sheet and the report on the intended use of funds for 2016.
In our opinion, the attached annual financial statements accurately reflect, in all material respects, the financial position of the regional branch of the political party "YYY" as of December 31, 2016, the intended use of funds and their movement in 2016 in accordance with the accounting rules established in Russian Federation.
Basis for expression
We conducted our audit in accordance with International Standards on Auditing (ISA). Our responsibilities in accordance with these standards are described in the Auditor's Responsibility for the Audit of the Annual Financial Statements section of this report. We are independent of the regional branch of the political party in accordance with the Rules of Independence of Auditors and Auditing Organizations and the Code of Professional Ethics for Auditors, which are in line with the Code of Ethics for Professional Accountants developed by the International Ethics Standards Board for Professional Accountants, and we have fulfilled other due responsibilities in accordance with these requirements of professional ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
for annual financial statements
XXX is responsible for the preparation and fair presentation of the said annual financial statements in accordance with the rules for preparing financial statements established in the Russian Federation, and for the internal control system, which XXX considers necessary for the preparation of annual financial statements that do not contain material distortions due to fraud or errors ...
In preparing the annual financial statements, XXX is responsible for assessing the ability of a regional branch of a political party to continue as a going concern, for disclosing going concern information, as appropriate, and for reporting on a going concern basis, unless, in accordance with with the charter of a political party or in the manner prescribed by Articles 39 and 41 of the Federal Law "On Political Parties", a decision has been taken or is planned to be taken to liquidate a regional branch of a political party or to suspend its activities.
WWW is responsible for overseeing the preparation of the annual accounts of the regional branch of a political party.
Auditor's responsibility for the audit
annual financial statements
Our goal is to obtain reasonable assurance that the annual financial statements are free of material misstatement due to fraud or error, and to draw up an auditor's report containing our opinion. Reasonable assurance is a high degree of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect material misstatements, if any. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these annual financial statements.
As part of an audit in accordance with ISA, we exercise professional judgment and maintain professional skepticism throughout the audit. In addition, we:
a) identify and assess the risks of material misstatement of the annual financial statements due to fraud or errors; we design and conduct audit procedures in response to these risks; Obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting material misstatement as a result of fraud is higher than the risk of not detecting material misstatement as a result of an error, since fraud may include collusion, forgery, willful omission, misrepresentation, or bypassing internal control;
b) obtain an understanding of the internal control system that is relevant to the audit in order to develop audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control system of the auditee;
c) assess the appropriateness of the applied accounting policy, the reasonableness of accounting estimates and the corresponding disclosure of information prepared by XXX audited entity;
d) we conclude that the XXX regional branch of the political party is applying the going concern assumption, and based on the audit evidence obtained, we conclude whether there is a material uncertainty in connection with events or conditions that may result in significant doubts about the ability of the regional branch political party to continue its activities continuously. If we conclude that a material uncertainty exists, we should draw attention in our auditor's report to the related disclosures in the annual financial statements or, if such disclosures are inappropriate, modify our opinion. Our conclusions are based on audit evidence obtained prior to the date of our auditor's report. However, future events or conditions may lead to the fact that, in accordance with the charter of a political party or in the manner prescribed by Articles 39 and 41 of the Federal Law "On Political Parties", a decision is made or planned to liquidate a regional branch of a political party or suspend its activities;
e) we assess the presentation of the annual financial statements as a whole, their structure and content, including disclosure of information, as well as whether the annual financial statements present the underlying transactions and events in such a way as to ensure their reliable presentation.
We carry out information interaction with the WWW of the audited entity, bringing to their (him) attention, among other things, information about the planned scope and timing of the audit, as well as material comments on the audit results, including significant deficiencies in the internal control system that we identify during the audit.
Audit Engagement Leader,
which resulted in
auditor's report [signature] Initials, surname
Audit organization:
joint Stock Company "ZZZ",
OGRN 9900000000000,
111421, Moscow, Koroleva street, house 101,
member of the self-regulatory organization of auditors "NNN",
ORNZ 01234567890
[The auditor's report was made by an audit firm in the following circumstances:
the audited entity is the parent organization of the group specified in Part 2 of Article 1 of the Federal Law “On Consolidated Financial Statements”;
the audit was conducted in accordance with the International Standards on Auditing (ISA), enacted and applicable in the Russian Federation;
the audit was carried out in respect of a complete set of annual consolidated financial statements prepared by the management of the audited entity in accordance with International Financial Reporting Standards (IFRS), enacted and applicable in the Russian Federation;
persons responsible for overseeing the preparation of annual consolidated financial statements are not persons responsible for the corporate governance of the audited entity (members of the board of directors, supervisory board, others);
there is no material uncertainty in connection with events or conditions, as a result of which significant doubts may arise about the ability of the audited entity to continue as a going concern;
the terms of the audit engagement in terms of the responsibility of the management of the audited entity for the annual consolidated financial statements comply with the requirements of ISA 210 "Coordination of the terms of audit engagements";
based on the audit evidence obtained, the auditing organization has concluded that it is reasonable to express an unmodified opinion in the auditor's report;
in addition to the audit of the annual consolidated financial statements, the regulations do not provide for the auditor's obligation to carry out additional procedures with respect to these statements.]
AUDIT REPORT
To the shareholders of the joint-stock company "YYY"
Opinion
We have audited the accompanying annual consolidated financial statements of YYY Joint Stock Company (OGRN 8800000000000, 220, Profsoyuznaya Street, Moscow, 115621) and its subsidiaries (hereinafter referred to as the Group), consisting of the consolidated statement of financial position as at 31 December 2016 year and consolidated statements of profit or loss and other comprehensive income, changes in equity and cash flows for 2016, as well as notes to the annual consolidated financial statements, consisting of a summary of significant accounting policies and other explanatory information.
In our opinion, the accompanying annual consolidated financial statements represent fairly, in all material respects, the consolidated financial position of the Group as at 31 December 2016, as well as its consolidated financial results and consolidated cash flows for 2016 in accordance with International Financial Reporting Standards ( IFRS).
Basis for expression
We conducted our audit in accordance with International Standards on Auditing (ISA). Our responsibilities under those standards are described in the Auditor's Responsibilities for the Audit of the Annual Consolidated Financial Statements section of this report. We are independent of the Group in accordance with the Rules for the Independence of Auditors and Auditing Firms and the Code of Professional Ethics for Auditors, which comply with the Code of Ethics for Professional Accountants developed by the International Ethics Standards Board for Professional Accountants, and we have performed other other duties in accordance with these professional requirements. ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Key audit issues
Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the annual consolidated financial statements of the current period. These matters were considered in the context of our audit of the annual consolidated financial statements as a whole and in forming our opinion thereon, and we do not express a separate opinion on these matters.
[Example. Goodwill - Explanation [X] in the annual consolidated financial statements.
According to IFRS requirements, the Group is required to test the value of goodwill for impairment annually. This annual impairment test was significant to our audit because the carrying amount of goodwill as at 31 December 20x1 is significant for the annual consolidated financial statements. In addition, management's valuation process for goodwill is complex and highly subjective and is based on assumptions, namely [describe some assumptions], that affect expected future market or economic conditions, especially in [name of country or geographic region].
Our audit procedures included, inter alia, the engagement of a valuation expert to assist us in assessing the assumptions and methodologies used by the Group, such as those related to projected revenue and earnings growth for [name of business line]. We also focused our audit procedures on the adequacy of the Group's disclosures about those assumptions to which the impairment test results are most sensitive and have the most significant effect in determining the recoverable amount of goodwill.]
information in X's statement, but does not include the annual consolidated financial statements and our auditor's report thereon].
Our opinion on the annual consolidated financial statements does not extend to other information and we do not provide a conclusion that provides any form of assurance about this information.
In connection with our audit of the annual consolidated financial statements, our responsibility is to review the other information and consider whether there are material inconsistencies between the other information and the annual consolidated financial statements or our knowledge obtained during the audit, and whether other information other signs of material misstatement. If, based on our work, we conclude that such other information contains a material misstatement, we are required to report this fact. We have not identified any facts that need to be reflected in our opinion.
Responsibilities of Management and [Board Members]
of the audited entity for the annual consolidated financial statements
Management is responsible for the preparation and fair presentation of these annual consolidated financial statements in accordance with IFRS and for the internal controls that management believes are necessary to prepare the annual consolidated financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the annual consolidated financial statements, management is responsible for assessing the Group's ability to continue as a going concern, for disclosing going concern information, as appropriate, and for reporting on a going concern basis, unless management intends to liquidate the Group. , to terminate its activities or when it has no other real alternative other than liquidation or termination of activities.
[Members of the Board of Directors] are responsible for overseeing the preparation of the Group's annual consolidated financial statements.
Auditor's responsibility for the auditannual consolidated financial statements
Our objective is to obtain reasonable assurance that the annual consolidated financial statements are free from material misstatement, whether due to fraud or error, and to issue an auditor's report containing our opinion. Reasonable assurance is a high degree of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect material misstatements, if any. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these annual consolidated financial statements.
a) identify and assess the risks of material misstatement of the annual consolidated financial statements, whether due to fraud or error; develop and conduct audit procedures in response to these risks; Obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting material misstatement as a result of fraud is higher than the risk of not detecting material misstatement as a result of an error, since fraud may include collusion, forgery, deliberate omission, misrepresentation of information, or actions that circumvent internal control;
b) obtain an understanding of the internal control system that is relevant to the audit in order to develop audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control system of the auditee;
c) assess the appropriateness of the applied accounting policy, the reasonableness of accounting estimates and the relevant disclosures prepared by the management of the audited entity;
d) we conclude on the appropriateness of the management of the audited entity applying the going concern assumption, and based on the audit evidence obtained, conclude whether there is a material uncertainty in connection with events or conditions that may result in significant doubts about the ability of the audited entity to continue as a going concern their activities. If we conclude that a material uncertainty exists, we should draw attention in our auditor's report to the related disclosures in the annual consolidated financial statements or, if such disclosures are inappropriate, modify our opinion. Our conclusions are based on audit evidence obtained prior to the date of our auditor's report. However, future events or conditions may cause the auditee to lose its ability to continue as a going concern;
e) assess the presentation of the annual consolidated financial statements as a whole, their structure and content, including disclosures, and whether the annual consolidated financial statements present underlying transactions and events in a manner that ensures their fair presentation;
f) Obtain sufficient appropriate audit evidence relating to the financial information of entities or activities outside the Group to express an opinion on the annual consolidated financial statements. We are responsible for the direction, control and audit of the Group. We remain fully responsible for our auditor's report.
We communicate with [members of the board of directors] of the audited entity, bringing to their attention, among other things, information on the planned scope and timing of the audit, as well as on material comments on the audit results, including on significant deficiencies in the internal control system that we we identify during the audit.
Of the issues that we brought to the attention of the [board members] of the auditee, we identified the issues that were most significant for the audit of the annual consolidated financial statements for the current period and, therefore, are the key audit issues. We describe these matters in our auditor's report, unless public disclosure of these matters is prohibited by law or regulation, or where, in extremely rare cases, we conclude that information about a matter should not be communicated to our conclusion, since it can reasonably be assumed that the negative consequences of communicating such information will outweigh the socially significant benefits of communicating it.
Audit Engagement Leader,
which resulted in
auditor's report [signature] Initials, surname
Audit organization:
joint Stock Company "ZZZ",
OGRN 9900000000000,
111421, Moscow, Koroleva street, house 101,
member of the self-regulatory organization of auditors "NNN",
ORNZ 01234567890.
[The auditor's report was made by an audit firm in the following circumstances:
the audited entity is an organization whose securities are admitted to organized trading;
the audited entity is an organization that does not create a group specified in Part 2 of Article 1 of the Federal Law “On Consolidated Financial Statements”;
the audit was conducted in accordance with the International Standards on Auditing (ISA), enacted and applicable in the Russian Federation;
the audit was carried out in relation to a complete set of annual financial statements prepared by the management of the audited entity in accordance with International Financial Reporting Standards (IFRS), enacted and applicable in the Russian Federation;
persons responsible for overseeing the preparation of annual financial statements are not persons responsible for the corporate governance of the audited entity (members of the board of directors, supervisory board, others);
the auditor's report contains key audit matters in accordance with the requirements of ISA 701 "Communicating Key Audit Matters in the Auditor's Report";
all other information determined in accordance with ISA 720, The Auditor's Responsibilities Relating to Other Information, is obtained prior to the date of the auditor's report (unless the auditee prepares other information, the Other Information section should be deleted from the auditor's report);
there are no material misstatements in the other information determined in accordance with ISA 720, The Auditor's Responsibilities Relating to Other Information;
there is no material uncertainty in connection with events or conditions, as a result of which significant doubts may arise about the ability of the audited entity to continue as a going concern;
when carrying out the audit, the auditing organization was guided by: the Rules of Independence of Auditors and Auditing Organizations, adopted by the self-regulatory organization of auditors, of which it is a member, on the basis of the Rules of Independence of Auditors and Auditing Organizations, approved by the Auditing Council; The Code of Professional Ethics for Auditors, adopted by the self-regulatory organization of auditors of which it is a member, based on the Code of Professional Ethics for Auditors approved by the Auditing Board;
the terms of the audit engagement in terms of the responsibility of the management of the audited entity for the annual financial statements comply with the requirements of ISA 210 "Coordination of the terms of audit engagements";
based on the audit evidence obtained, the auditing organization has concluded that it is reasonable to express an unmodified opinion in the auditor's report;
besides the audit of the annual financial statements, the regulations do not provide for the obligation of the auditor to carry out additional procedures in relation to these statements.]
AUDIT REPORT
To the shareholders of the joint-stock company "YYY"
Opinion
We have audited the accompanying annual financial statements of Joint Stock Company YYY (OGRN 8800000000000, 220, Profsoyuznaya Street, Moscow, 115621), consisting of the statement of financial position as at 31 December 2016 and statements of profit or loss and other comprehensive income , changes in equity and cash flows for 2016, as well as notes to the annual financial statements consisting of a summary of significant accounting policies and other explanatory information.
In our opinion, the accompanying annual financial statements represent fairly, in all material respects, the financial position of Joint Stock Company YYY as at December 31, 2016, as well as its financial results of operations and cash flows for 2016 in accordance with International Financial Reporting Standards ( IFRS).
Basis for expression
We conducted our audit in accordance with International Standards on Auditing (ISA). Our responsibilities under those standards are described in the Auditor's Responsibilities for the Audit of the Annual Financial Statements section of this report. We are independent in relation to the audited entity in accordance with the Rules of Independence of Auditors and Auditing Firms and the Code of Professional Ethics for Auditors, in accordance with the Code of Ethics for Professional Accountants developed by the International Ethics Standards Council for Professional Accountants, and we have performed other other duties in accordance with these requirements professional ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Key audit issues
Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the annual financial statements of the current period. These matters were considered in the context of our audit of the annual financial statements as a whole and in forming our opinion on these statements, and we do not express a separate opinion on these matters.
[Example. Goodwill - Explanation [X] in the annual financial statements.
According to IFRS requirements, the audited entity is obliged to annually test the value of goodwill for impairment. This annual impairment test was significant to our audit because the carrying amount of goodwill as at 31 December 20x1 is significant to the annual financial statements. In addition, management's valuation process for goodwill is complex and highly subjective and is based on assumptions, namely [describe some assumptions], that affect expected future market or economic conditions, especially in [name of country or geographic region].
Our audit procedures included, inter alia, the use of a valuation expert to assist us in assessing the assumptions and methodologies used by the audited entity, such as those related to projected revenue and earnings growth for [name of business line]. We also focused our audit procedures on the adequacy of the audited entity's disclosures about those assumptions to which the impairment test results are most sensitive and have the most significant impact on determining the recoverable amount of goodwill.]
Management is responsible for other information. Other information includes [ information in X's statement, but does not include the annual financial statements and our auditor's report thereon].
Our opinion on the annual financial statements does not extend to other information and we do not provide a conclusion that provides any form of assurance about this information.
In connection with our audit of the annual financial statements, our responsibility is to review the other information and consider whether there is material inconsistency between the other information and the annual financial statements or our knowledge obtained during the audit, and whether the other information contains other information. signs of material misstatement. If, based on our work, we conclude that such other information contains a material misstatement, we are required to report this fact. We have not identified any facts that need to be reflected in our opinion.
Responsibilities of Management and [Board Members] audited entity for annual financial statements
Management is responsible for the preparation and fair presentation of these annual financial statements in accordance with IFRS and for the internal controls that management considers necessary to prepare the annual financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the annual financial statements, management is responsible for assessing the auditee's ability to continue as a going concern, for disclosing going concern information, as appropriate, and for reporting on a going concern basis, unless management intends to liquidate the audited entity. a person, to terminate its activities or when he has no other real alternative other than liquidation or termination of activities.
[Board members] are responsible for overseeing the preparation of the audited entity's annual financial statements.
Auditor's responsibility for the auditannual financial statements
Our objective is to obtain reasonable assurance that the annual financial statements are free from material misstatement, whether due to fraud or error, and to issue an auditor's report containing our opinion. Reasonable assurance is a high degree of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect material misstatements, if any. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these annual financial statements.
As part of an audit in accordance with ISA, we exercise professional judgment and maintain professional skepticism throughout the audit. In addition, we do the following:
a) identify and assess the risks of material misstatement of the annual financial statements due to fraud or error; we design and conduct audit procedures in response to these risks; Obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting material misstatement as a result of fraud is higher than the risk of not detecting material misstatement as a result of an error, since fraud may include collusion, forgery, willful omission, misrepresentation, or bypassing internal control;
b) obtain an understanding of the internal control system that is relevant to the audit in order to develop audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control system of the auditee;
c) assess the appropriateness of the applied accounting policy, the reasonableness of accounting estimates and the relevant disclosures prepared by the management of the audited entity;
d) we conclude that the management of the audited entity is appropriate to use the going concern assumption, and based on the audit evidence obtained, we conclude whether there is a material uncertainty in connection with events or conditions that may result in significant doubts about the ability of the audited entity to continue as a going concern. their activities. If we conclude that a material uncertainty exists, we should draw attention in our auditor's report to the related disclosures in the annual financial statements or, if such disclosures are inappropriate, modify our opinion. Our conclusions are based on audit evidence obtained prior to the date of our auditor's report. However, future events or conditions may cause the auditee to lose its ability to continue as a going concern;
e) assess the presentation of the annual financial statements as a whole, their structure and content, including disclosures, and whether the annual financial statements present underlying transactions and events in a manner that ensures their fair presentation.
We communicate with [members of the board of directors] of the audited entity, bringing to their attention, among other things, information on the planned scope and timing of the audit, as well as on material comments on the audit results, including on significant deficiencies in the internal control system that we we identify during the audit.
We also provide [members of the board of directors] of the auditee with a statement that we have complied with all relevant ethical requirements with regard to independence and have communicated all relationships and other matters that can reasonably be considered to have an impact on the auditor's independence, and where appropriate - about appropriate precautions.
Of the issues that we brought to the attention of the [board members] of the auditee, we identified the issues that were most relevant to the audit of the annual financial statements for the current period and, therefore, are key audit issues. We describe these matters in our auditor's report, unless public disclosure of these matters is prohibited by law or regulation, or in extremely rare cases we conclude that information about a matter should not be communicated to our conclusion, since it can reasonably be assumed that the negative consequences of communicating such information will outweigh the socially significant benefits of communicating it.
Audit Engagement Leader,
which resulted in
auditor's report [signature] Initials, surname
Audit organization:
joint Stock Company "ZZZ",
OGRN 9900000000000,
111421, Moscow, Koroleva street, house 101,
member of the self-regulatory organization of auditors "NNN",
ORNZ 01234567890.
[The auditor's report was made by an audit firm in the following circumstances:
the audited entity is an organization whose securities are admitted to organized trading;
the audit was conducted in accordance with the International Standards on Auditing (ISA), enacted and applicable in the Russian Federation;
the audit was carried out in relation to a complete set of annual financial statements, the composition of which is established by the Federal Law “On Accounting”;
the annual financial statements have been prepared by the management of the audited entity in accordance with the rules for preparing financial statements established in the Russian Federation;
persons responsible for overseeing the preparation of annual financial statements are not persons responsible for the corporate governance of the audited entity (members of the board of directors, supervisory board, others);
the auditor's report contains key audit matters in accordance with the requirements of ISA 701 "Communicating Key Audit Matters in the Auditor's Report";
all other information determined in accordance with ISA 720, The Auditor's Responsibilities Relating to Other Information, is obtained prior to the date of the auditor's report (unless the auditee prepares other information, the Other Information section should be deleted from the auditor's report);
there are no material misstatements in the other information determined in accordance with ISA 720, The Auditor's Responsibilities Relating to Other Information;
there is no material uncertainty in connection with events or conditions, as a result of which significant doubts may arise about the ability of the audited entity to continue as a going concern;
when carrying out the audit, the auditing organization was guided by: the Rules of Independence of Auditors and Auditing Organizations, adopted by the self-regulatory organization of auditors, of which it is a member, on the basis of the Rules of Independence of Auditors and Auditing Organizations, approved by the Auditing Council; The Code of Professional Ethics for Auditors, adopted by the self-regulatory organization of auditors of which it is a member, based on the Code of Professional Ethics for Auditors approved by the Auditing Board;
the terms of the audit engagement in terms of the responsibility of the management of the audited entity for the annual financial statements comply with the requirements of ISA 210 "Coordination of the terms of audit engagements";
based on the audit evidence obtained, the auditing organization has concluded that it is reasonable to express an unmodified opinion in the auditor's report;
in addition to the audit of the annual financial statements, regulatory legal acts do not provide for the auditor's obligation to carry out additional procedures in relation to these statements.]
AUDIT REPORT
To the shareholders of the joint-stock company "YYY"
Opinion
We have audited the attached annual financial statements of the joint-stock company "YYY" (OGRN 8800000000000, house 220, Profsoyuznaya street, Moscow, 115621), consisting of the balance sheet as of December 31, 2016, the statement of financial results, annexes to the balance sheet and the report on financial results, including the statement of changes in equity and the statement of cash flows for 2016, notes to the balance sheet and the statement of financial results.
In our opinion, the accompanying annual financial statements reflect fairly, in all material respects, the financial position of YYY Joint Stock Company as of December 31, 2016, its financial results and cash flows for 2016 in accordance with the accounting rules set out in Russian Federation.
Basis for expression
We conducted our audit in accordance with International Standards on Auditing (ISA). Our responsibilities in accordance with these standards are described in the Auditor's Responsibility for the Audit of the Annual Financial Statements section of this report. We are independent in relation to the audited entity in accordance with the Rules of Independence of Auditors and Auditing Organizations and the Code of Professional Ethics for Auditors, in accordance with the Code of Ethics for Professional Accountants developed by the International Ethics Standards Council for Professional Accountants, and we have performed other other duties in accordance with these requirements professional ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Key audit issues
Key audit matters are those matters that, in our professional judgment, were of most significance to our audit of the annual financial statements for the current period. These issues were considered in the context of our audit of the annual financial statements as a whole and in forming our opinion on these statements, and we do not express a separate opinion on these matters.
[Example. Accounts receivable - explanation [X] of the annual financial statements.
The audited entity has significant balances of accounts receivable from construction contractors. A number of such counterparties are experiencing financial difficulties and, therefore, there is a risk of non-payment of this debt.
Our audit procedures included: testing controls over the receivables settlement process; testing the receipt of funds after the reporting date; testing the reasonableness of the calculation of the allowance for doubtful debts, taking into account the information available from external sources about the degree of credit risk in respect of receivables, as well as using our own understanding of the size of doubtful accounts receivable as a whole in the industry based on recent experience. We also assessed the adequacy of the disclosures made by the auditee about the extent to which value judgments were used in calculating the allowance for doubtful debts.]
Management is responsible for other information. Other information includes [ information contained in the X report, but does not include the annual financial statements and our auditor's report thereon].
Our opinion on the annual financial statements does not apply to other information, and we do not provide a conclusion that provides any form of assurance about this information.
In connection with our audit of the annual financial statements, our responsibility is to review the other information and consider whether there are material inconsistencies between the other information and the annual financial statements or our knowledge obtained during the audit, and whether other information contains other signs of material misstatement. If, based on our work, we conclude that such other information contains a material misstatement, we are required to report this fact. We have not identified any facts that need to be reflected in our opinion.
Responsibilities of Management and [Board Members]
of the audited entity for the annual financial statements
Management is responsible for the preparation and fair presentation of these annual financial statements in accordance with the accounting rules established in the Russian Federation and for the internal control system that management considers necessary for the preparation of annual financial statements that do not contain material distortions due to fraud or errors. ...
In preparing the annual financial statements, management is responsible for assessing the ability of the auditee to continue as a going concern, for disclosing going concern information, as appropriate, and for preparing statements on a going concern basis, unless management intends to liquidate the auditee. a person, to terminate its activities or when he has no other real alternative other than liquidation or termination of activities.
[Board members] are responsible for overseeing the preparation of the audited entity's annual financial statements.
Auditor's responsibility for the auditannual financial statements
Our goal is to obtain reasonable assurance that the annual financial statements are free of material misstatement due to fraud or error, and to draw up an auditor's report containing our opinion. Reasonable assurance is a high degree of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect material misstatements, if any. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these annual financial statements.
As part of an audit in accordance with ISA, we exercise professional judgment and maintain professional skepticism throughout the audit. In addition, we do the following:
a) identify and assess the risks of material misstatement of the annual financial statements due to fraud or errors; we design and conduct audit procedures in response to these risks; Obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting material misstatement as a result of fraud is higher than the risk of not detecting material misstatement as a result of an error, since fraud may include collusion, forgery, willful omission, misrepresentation, or bypassing internal control;
b) obtain an understanding of the internal control system that is relevant to the audit in order to develop audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control system of the auditee;
c) assess the appropriateness of the applied accounting policy, the reasonableness of accounting estimates and the relevant disclosures prepared by the management of the audited entity;
d) we conclude that the management of the audited entity is appropriate to use the going concern assumption, and based on the audit evidence obtained, we conclude whether there is a material uncertainty in connection with events or conditions that may result in significant doubts about the ability of the audited entity to continue as a going concern. their activities. If we conclude that a material uncertainty exists, we should draw attention in our auditor's report to the related disclosures in the annual financial statements or, if such disclosures are inappropriate, modify our opinion. Our conclusions are based on audit evidence obtained prior to the date of our auditor's report. However, future events or conditions may cause the auditee to lose its ability to continue as a going concern;
e) we assess the presentation of the annual financial statements as a whole, their structure and content, including disclosure of information, as well as whether the annual financial statements present the underlying transactions and events in such a way as to ensure their reliable presentation.
We communicate with [members of the board of directors] of the audited entity, bringing to their attention, among other things, information on the planned scope and timing of the audit, as well as on material comments on the audit results, including on significant deficiencies in the internal control system that we we identify during the audit.
We also provide [members of the board of directors] of the auditee with a statement that we have complied with all relevant ethical requirements with regard to independence and have communicated all relationships and other matters that can reasonably be considered to have an impact on the auditor's independence, and where appropriate - about appropriate precautions.
Of the issues that we brought to the attention of the [board members] of the audited entity, we identified the issues that were most significant for the audit of the annual financial statements for the current period and, therefore, are the key audit issues. We describe these matters in our auditor's report, unless public disclosure of these matters is prohibited by law or regulation, or where, in extremely rare cases, we conclude that information about a matter should not be communicated to our conclusion, since it can reasonably be assumed that the negative consequences of communicating such information will outweigh the socially significant benefits of communicating it.
Audit Engagement Leader,
which resulted in
auditor's report [signature] Initials, surname
Audit organization:
joint Stock Company "ZZZ",
OGRN 9900000000000,
111421, Moscow, Koroleva street, house 101,
member of the self-regulatory organization of auditors "NNN",
ORNZ 01234567890.
"_____" _____________ 2017
[The auditor's report was made by an audit firm in the following circumstances:
the audited entity is a political party;
the audit was conducted in accordance with the International Standards on Auditing (ISA), enacted and applicable in the Russian Federation;
the audit was carried out in relation to the consolidated financial report of a political party provided for by the Federal Law "On Political Parties" and drawn up in the form established by the CEC of Russia Resolution No. 153 / 1025-4 dated September 28, 2005 "On the Forms of the Consolidated Financial Report of a Political Party and Information on receipt and expenditure of funds of a political party, regional branch of a political party, other registered structural unit of a political party ";
when compiling the consolidated financial report of a political party, the authorized person (body) of the political party was guided by the resolution of the CEC of Russia dated June 10, 2009 No. 163 / 1158-5 "On Recommendations for compiling information on the receipt and expenditure of funds of a political party, a regional branch of a political party, etc. a registered structural unit of a political party and on the Recommendations for the preparation of a consolidated financial report of a political party ”;
responsibility for overseeing the preparation of a consolidated financial report of a political party and for organizing its mandatory audit shall be borne by the person (body) authorized (authorized) by the documents of the political party;
the audited entity does not prepare other information determined in accordance with ISA 720 “Responsibilities of the Auditor Relating to Other Information”;
there is no material uncertainty in connection with events or conditions, as a result of which significant doubts may arise about the ability of the audited entity to continue as a going concern;
when carrying out the audit, the auditing organization was guided by: the Rules of Independence of Auditors and Auditing Organizations, adopted by the self-regulatory organization of auditors, of which it is a member, on the basis of the Rules of Independence of Auditors and Auditing Organizations, approved by the Auditing Council; The Code of Professional Ethics for Auditors, adopted by the self-regulatory organization of auditors of which it is a member, based on the Code of Professional Ethics for Auditors approved by the Auditing Board;
the terms of the audit engagement in terms of the responsibility of the authorized person (body) of the political party for the consolidated financial report of the political party comply with the requirements of ISA 210 "Coordination of the terms of audit engagements";
the auditor also issued an auditor's report on the annual financial statements of the political party, the composition of which is established by the Federal Law “On Accounting”, prepared for the same period;
the auditor is not required to communicate key audit matters in accordance with ISA 701, Communicating Key Audit Matters in the Auditor's Report, and has not chosen to do so for any other reason;
based on the audit evidence obtained, the auditing organization has concluded that it is reasonable to express an unmodified opinion in the auditor's report;
in addition to auditing the consolidated financial statements, the regulations do not provide for the auditor's obligation to carry out additional procedures in relation to these statements.]
AUDIT REPORT
Opinion
We have audited the attached consolidated financial report of the political party "YYY" (OGRN 8800000000000, house 220, Profsoyuznaya street, Moscow, 115621) for 2016 (hereinafter referred to as the consolidated financial report).
In our opinion, the attached consolidated financial report for 2016 was prepared in all material respects in accordance with the requirements of the Federal Law "On Political Parties" and Resolutions of the CEC of Russia dated September 28, 2005 No. 153 / 1025-4 "On the Forms of the Consolidated Financial Report of Political party and information on the receipt and expenditure of funds of a political party, regional branch of a political party, other registered structural unit of a political party ", dated June 10, 2009 No. 163 / 1158-5" On Recommendations for compiling information on the receipt and expenditure of funds of a political party, a regional branch of a political party, another registered structural subdivision of a political party and on the Recommendations for the preparation of a consolidated financial report of a political party. "
Basis for expression
We draw your attention to the information on the principles of preparation of the consolidated financial statements, set out in paragraph X of the explanatory note to this report.
The consolidated financial report has been prepared in order to comply with the requirements of the Federal Law "On Political Parties" by the political party. As a consequence, this consolidated financial statement may not be suitable for any other purpose. We will not modify our opinion in connection with this circumstance.
Other information
The political party has prepared the annual financial statements for 2016 in accordance with the accounting rules established in the Russian Federation. We have audited these statements and have issued an auditor's report dated "_____" _____________ 2017.
[The auditor's report was made by an audit firm in the following circumstances:
the audited entity is the regional branch of the political party;
the audit was conducted in accordance with the International Standards on Auditing (ISA), enacted and applicable in the Russian Federation;
the audit was carried out in relation to information on the receipt and expenditure of funds of the regional branch of a political party, provided for by the Federal Law "On Political Parties" and drawn up in the form established by the CEC of Russia resolution dated September 28, 2005 No. 153 / 1025-4 "On the Forms of the Consolidated Financial Report political party and information on the receipt and expenditure of funds of a political party, regional branch of a political party, other registered structural unit of a political party ";
when compiling information on the receipt and expenditure of funds of the regional branch of a political party, the authorized person (body) of the regional branch of a political party was guided by the resolution of the CEC of Russia dated June 10, 2009 No. 163 / 1158-5 "On Recommendations for compiling information on the receipt and expenditure of funds of a political party , regional branch of a political party, other registered structural unit of a political party and on the Recommendations for the preparation of a consolidated financial report of a political party ";
the person (body) authorized (authorized) in accordance with the documents of the political party that created the regional branch is responsible for overseeing the preparation of information on the receipt and expenditure of funds from the regional branch of a political party and for organizing their mandatory audit;
the audited entity does not prepare other information determined in accordance with ISA 720 “Responsibilities of the Auditor Relating to Other Information”;
there is no material uncertainty in connection with events or conditions, as a result of which significant doubts may arise about the ability of the audited entity to continue as a going concern;
when carrying out the audit, the auditing organization was guided by: the Rules of Independence of Auditors and Auditing Organizations, adopted by the self-regulatory organization of auditors, of which it is a member, on the basis of the Rules of Independence of Auditors and Auditing Organizations, approved by the Auditing Council; The Code of Professional Ethics for Auditors, adopted by the self-regulatory organization of auditors of which it is a member, based on the Code of Professional Ethics for Auditors approved by the Auditing Board;
the terms of the audit assignment in terms of the responsibility of the authorized person (body) of the regional branch of the political party for information on the receipt and expenditure of funds from the regional branch of the political party comply with the requirements of ISA 210 "Coordination of the terms of audit assignments";
there are no restrictions on the dissemination or use of the results of the audit engagement;
the auditor also issued an auditor's report on the annual financial statements of the regional branch of the political party, the composition of which is established by the Federal Law "On Accounting", prepared for the same period;
the auditor is not required to communicate key audit matters in accordance with ISA 701, Communicating Key Audit Matters in the Auditor's Report, and has not chosen to do so for any other reason;
based on the audit evidence obtained, the auditing organization has concluded that it is reasonable to express an unmodified opinion in the auditor's report;
in addition to auditing information on the receipt and expenditure of funds of the regional branch of a political party, regulatory legal acts do not provide for the auditor's obligation to conduct additional procedures in relation to these reports.]
AUDIT REPORT
Opinion
We audited the attached information on the receipt and expenditure of funds from the Sakhalin regional branch of the political party "YYY" (PSRN 1000000000000, building 23, Dzerzhinsky street, Yuzhno-Sakhalinsk, 693020) (hereinafter - the regional branch of the political party) for I, II, III and IV quarters of 2016 (hereinafter - information).
In our opinion, the attached information has been prepared in all material respects in accordance with the requirements of the Federal Law "On Political Parties" and Resolutions of the CEC of Russia dated September 28, 2005 No. 153/1025? 4 "On the Forms of the Consolidated Financial Report of a Political Party and Information on Receipt and expenditure of funds of a political party, regional branch of a political party, other registered structural unit of a political party ", dated June 10, 2009 No. 163 / 1158-5" On Recommendations for compiling information on the receipt and expenditure of funds of a political party, regional branch of a political party, another registered structural subdivision of a political party and on the Recommendations for the preparation of a consolidated financial report of a political party ”.
Basis for expression
We conducted our audit in accordance with International Standards on Auditing (ISA). Our responsibilities under these standards are described in the Auditor's Responsibilities for the Audit of the Consolidated Financial Statements section of this report. We are independent of the auditee in accordance with the Rules for the Independence of Auditors and Auditing Firms and the Code of Professional Ethics for Auditors, in accordance with the Code of Ethics for Professional Accountants developed by the International Ethics Standards Board for Professional Accountants, and we have performed other appropriate responsibilities in accordance with these requirements. professional ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Significant Circumstances - Accounting Principles
and restrictions on distribution
We draw your attention to the information on the principles of compiling information set forth in paragraph X of the explanatory note to them.
The information was prepared in order to comply with the regional branch of the political party with the requirements of the Federal Law "On Political Parties". As a result, this information may not be suitable for any other purpose. We will not modify our opinion in connection with this circumstance.
Other information
The regional branch of the political party prepared the annual financial statements for 2016 in accordance with the accounting rules established in the Russian Federation. We have audited these statements and have issued an auditor's report dated "_____" _____________ 2017.
To the shareholders of the joint-stock company "YYY"
Introduction
Review scope
Output
Based on our review, we have not identified any facts that could lead us to believe that the accompanying consolidated interim financial statements do not represent fairly, in all material respects, the consolidated financial position of the Group as at 31 March 2019, as well as its consolidated financial statements. financial results and cash flows for the three months ended as of that date in accordance with IFRS, including the requirements of IAS 34 Interim Financial Reporting.
[Auditor's signature]
Initials, surname
Audit organization:
joint Stock Company "ZZZ",
OGRN 9900000000000,
111421, Moscow, Koroleva street, house 101,
member of the self-regulatory organization of auditors "NNN",
ORNZ 01234567890
CONCLUSION ON THE RESULTS OF THE REDUCED INTERIM CONSOLIDATED FINANCIAL INFORMATION REVIEW
To the shareholders of the joint-stock company "YYY"
Introduction
We reviewed the attached condensed interim consolidated statement of financial position of Public Joint Stock Company YYY (OGRN 8800000000000, 220, Profsoyuznaya Street, Moscow, 115621) and its subsidiaries (hereinafter - the Group) as of March 31, 2019 and related with it condensed interim consolidated statements of profit or loss and other comprehensive income, changes in equity and cash flows for the three months ended as at that date, as well as selected explanatory notes to the condensed interim consolidated financial information (hereinafter - the condensed interim consolidated financial information). The management of the Group is responsible for the preparation and presentation of this condensed interim consolidated financial information in accordance with International Financial Reporting Standard (IAS) 34 “Interim Financial Reporting”. Our responsibility is to express a conclusion on this condensed interim consolidated financial information based on our review.
Review scope
We conducted our review in accordance with International Standard 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity. A review of interim financial information includes making inquiries primarily with those responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing, and therefore, a review does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in the audit. Therefore, we do not express an audit opinion.
Output
Based on our review, we have not identified any facts that could lead us to believe that the accompanying condensed interim consolidated financial information as at 31 March 2019 and for the three months ended as at that date is not prepared in all material aspects in accordance with International Financial Reporting Standard (IAS) 34 "Interim Financial Reporting".
[Auditor's signature]
Initials, surname
Audit organization:
joint Stock Company "ZZZ",
OGRN 9900000000000,
111421, Moscow, Koroleva street, house 101,
member of the self-regulatory organization of auditors "NNN",
ORNZ 01234567890
CONCLUSION ON THE RESULTS OF THE REVIEW OF THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS
To the shareholders of the joint-stock company "YYY"
Introduction
We reviewed the attached interim consolidated statement of financial position of Public Joint Stock Company YYY (OGRN 8800000000000, 220, Profsoyuznaya Street, Moscow, 115621) and its subsidiaries (hereinafter referred to as the Group) as of June 30, 2019 related to them of the interim consolidated statements of profit or loss and other comprehensive income for the three- and six-month periods ended June 30, 2019 and the interim consolidated statements of changes in equity and cash flows for the six months ended June 30, 2019, and also notes consisting of significant accounting policies and other explanatory information (hereinafter - the interim consolidated financial statements). The Group's management is responsible for the preparation and fair presentation of these interim consolidated financial statements in accordance with International Financial Reporting Standards (IFRS), including the requirements of IAS 34 “Interim Financial Reporting”. Our responsibility is to express a conclusion on these interim consolidated financial statements based on our review.
Review scope
We conducted our review in accordance with International Standard 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity. A review of interim financial information includes making inquiries primarily with those responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing, and therefore, a review does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in the audit. Therefore, we do not express an audit opinion.
Output
Based on our review, we have not identified any facts that could lead us to believe that the accompanying interim consolidated financial statements do not represent fairly, in all material respects, the consolidated financial position of the Group as at 30 June 2019, as well as its consolidated financial statements. financial results for the three and six months ended June 30, 2019 and consolidated cash flows for the six months ended as of that date, in accordance with IFRS, including the requirements of IAS 34 Interim Financial Reporting.
[Auditor's signature]
Initials, surname
Audit organization:
joint Stock Company "ZZZ",
OGRN 9900000000000,
111421, Moscow, Koroleva street, house 101,
member of the self-regulatory organization of auditors "NNN",
ORNZ 01234567890
CONCLUSION ON THE RESULTS OF THE REVIEW OF THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS
To the shareholders of the joint-stock company "YYY"
Introduction
We reviewed the attached interim consolidated statement of financial position of Public Joint Stock Company YYY (OGRN 8800000000000, house 220, Profsoyuznaya Street, Moscow, 115621) and its subsidiaries (hereinafter referred to as the Group) as of March 31, 2019 and related to interim consolidated statements of profit or loss and other comprehensive income, changes in equity and cash flows for the three months ended at that date, as well as notes consisting of significant accounting policies and other explanatory information (hereinafter - interim consolidated financial statements). The Group's management is responsible for the preparation and fair presentation of these interim consolidated financial statements in accordance with International Financial Reporting Standards (IFRS), including the requirements of IAS 34 Interim Financial Reporting. Our responsibility is to express a conclusion on these interim consolidated financial statements based on our review.
Review scope
We conducted our review in accordance with International Standard 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity. A review of interim financial information includes making inquiries primarily with those responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing, and therefore, a review does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in the audit. Therefore, we do not express an audit opinion.
Basis for qualified withdrawal
The Group did not disclose the name of the ultimate controlling party as of March 31, 2019. This disclosure is required by IAS 24, Related Party Disclosures. We are unable to provide this information.
Conclusion with a reservation
Based on our audit, except in the circumstances described in the previous section, we have not identified any facts that could lead us to believe that the accompanying interim consolidated financial statements do not fairly represent, in all material respects, the consolidated financial position of the Group as of March 31, 2019, as well as its consolidated financial results and cash flows for the three months ended as of that date, in accordance with IFRS, including the requirements of IAS 34 Interim Financial Reporting.
[Auditor's signature]
Initials, surname
Audit organization:
joint Stock Company "ZZZ",
OGRN 9900000000000,
111421, Moscow, Koroleva street, house 101,
member of the self-regulatory organization of auditors "NNN",
ORNZ 01234567890
"_____" _____________ 2019
Hereinafter, the main circumstances of the audit engagement are described, based on the results of which the auditor's report is drawn. This description does not form part of the auditor's report, nor does it appear in it or accompany it.
The addressee of the audit report, determined in accordance with the terms of the audit engagement, is indicated. For example, it may be a person (body) of a political party authorized, in accordance with its charter, to approve the accounting (financial) statements of a political party or to appoint an audit organization (clause 8 of Article 25 of the Federal Law “On Political Parties”).
A person (body) of a political party responsible (responsible) for the preparation of financial statements of a political party, determined (determined) by the documents of a political party. For example, he may be a person of a political party who, by virtue of Part 1 of Article 7 of the Federal Law "On Accounting", is responsible for organizing accounting and keeping accounting documents of a political party, or a person responsible for carrying out financial activities of a political party, appointed in accordance with paragraph 5 of Article 28 of the Federal Law "On Political Parties".
A person (body) of a political party responsible (responsible) for overseeing the preparation of financial statements of a political party, determined (determined) by the documents of the political party. In accordance with paragraph A3 of ISA 260, Communication with Those Charged with Governance, it is difficult for the auditor to discuss and agree upon the determination of the person or persons charged with governance with whom the auditor needs to communicate. the person or persons with the party that engaged the auditor for the engagement.
In accordance with the documents of a political party, a person (body) of a regional branch of a political party may be responsible for overseeing the preparation of financial statements and for organizing its mandatory audit.
Hereinafter, the main circumstances of the audit engagement are described, based on the results of which the auditor's report is drawn. This description does not form part of the auditor's report, nor does it appear in it or accompany it.
The addressee of the audit report, determined in accordance with the terms of the audit engagement, is indicated. For example, it can be a person (body) of a regional branch of a political party or a person (body) of a political party that created a regional branch, which (which), in accordance with the documents of a political party, is authorized (authorized) to approve the accounting (financial) statements of a regional branch of a political party, or to appoint an audit organization (clause 8 of Article 25 of the Federal Law "On Political Parties").
The person (body) of the regional branch of a political party, responsible (responsible) for the preparation of financial statements of the regional branch of a political party, determined (determined) by the documents of the political party. For example, he may be a person of a regional branch of a political party who, by virtue of Part 1 of Article 7 of the Federal Law "On Accounting", is responsible for organizing accounting and keeping accounting documents of a regional branch of a political party, or a person responsible for carrying out financial activities , a regional branch of a political party, appointed in accordance with paragraph 5 of Article 28 of the Federal Law "On Political Parties".
The person (body) of the regional branch of the political party or the person (body) of the political party that created the considered regional branch, responsible (responsible) for overseeing the preparation of financial statements of the regional branch of the political party, determined (determined) by the documents of the political party and (or) the considered regional branches. If it is difficult to identify the person or persons charged with governance with whom the auditor needs to communicate, the auditor needs to discuss and agree on that person in accordance with paragraph A3 of ISA 260, Communication with Those Charged with Governance. or persons with a party engaging the auditor for the engagement.
If necessary, another title of the section is acceptable, for example, “Information other than the annual consolidated financial statements and the auditor's report thereon”.
If necessary, a different title of the section is acceptable, for example, “Information other than the annual financial statements and the auditor's report thereon”.
If necessary, a different title of the section is acceptable, for example, "Information other than the annual financial statements and the auditor's report on it."
Hereinafter, the main circumstances of the audit engagement are described, based on the results of which the auditor's report is drawn. This description does not form part of the auditor's report, nor does it appear in it or accompany it.
The addressee of the audit report, determined in accordance with the terms of the audit engagement, is indicated. For example, it may be a person (body) of a political party authorized in accordance with its charter to appoint an audit organization (clause 8 of Article 25 of the Federal Law "On Political Parties").
The person (body) of the political party responsible (responsible) for the preparation of the consolidated financial report, determined (determined) by the documents of the political party. For example, he may be a person of a political party who, by virtue of Part 1 of Article 7 of the Federal Law "On Accounting", is responsible for organizing accounting and storing accounting documents of a political party, or a person responsible for financial activities of a political party, appointed in accordance with paragraph 5 of Article 28 of the Federal Law "On Political Parties".
A person (body) of a political party responsible (responsible) for overseeing the preparation of a consolidated financial report, determined (determined) by the documents of a political party. In accordance with paragraph A3 of ISA 260, Communication with Those Charged with Governance, it is difficult for the auditor to discuss and agree upon the determination of the person or persons charged with governance with whom the auditor should communicate. the person or persons with the party that engaged the auditor for the engagement.
In accordance with the documents of a political party, a person (body) of a regional branch of a political party may be responsible for overseeing the preparation of information on the receipt and expenditure of funds from a regional branch of a political party and for organizing their mandatory audit.
Hereinafter, the main circumstances of the audit engagement are described, based on the results of which the auditor's report is drawn. This description does not form part of the auditor's report, nor does it appear in it or accompany it.
The addressee of the audit report, determined in accordance with the terms of the audit engagement, is indicated. For example, it may be a person (body) of a political party authorized (authorized) in accordance with its charter to appoint an audit organization (paragraph 8 of Article 25 of the Federal Law "On Political Parties").
The person (body) of the regional branch of the political party, responsible (responsible) for the preparation of information, determined (determined) by the documents of the political party and (or) the regional branch of the political party. For example, he may be a person of a regional branch of a political party who, by virtue of Part 1 of Article 7 of the Federal Law "On Accounting", is responsible for organizing accounting and keeping accounting documents of a regional branch of a political party, or a person responsible for carrying out financial activities a regional branch of a political party, appointed in accordance with paragraph 5 of Article 28 of the Federal Law "On Political Parties".
A person (body) of a regional branch of a political party or a person (body) of a political party that created a regional branch, responsible (responsible) for overseeing the preparation of information, determined (determined) by the documents of the political party and (or) the regional branch of the political party. If it is difficult to identify the person or persons charged with governance with whom the auditor needs to communicate, the auditor needs to discuss and agree on that person in accordance with paragraph A3 of ISA 260, Communication with Those Charged with Governance. or persons with a party engaging the auditor for the engagement.
Hereinafter, the main circumstances of the review task are described, based on the results of which a conclusion is drawn. This description does not form part of the conclusion, does not appear in it or accompany it.
Hereinafter, the main circumstances of the review task are described, based on the results of which a conclusion is drawn. This description does not form part of the conclusion, does not appear in it or accompany it.
Hereinafter, the main circumstances of the review task are described, based on the results of which a conclusion is drawn. This description does not form part of the conclusion, does not appear in it or accompany it.
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