As of 01.10.2016 audit results will become public.
This change affects all companies subject to statutory audit, and assumes the obligation to enter information on the results of the statutory audit of accounting (financial) statements in the Unified Federal Register (http://www.fedresurs.ru).
The following information must be entered in the Unified Federal Register:
- data about the audited entity (INN, OGRN, SNILS if any)
- data about the auditor (organization or individual) (INN, OGRN, SNILS if any)
- a list of the accounting (financial) statements of the audited entity in respect of which the statutory audit was conducted, and the period for which the report was created
- date of the auditor’s report
- opinion of the auditor organization (individual auditor) about the reliability of the accounting (financial) statements, indicating the circumstances that have or may have a significant impact on the reliability of such statements
To log in and submit information it is necessary to obtain a certificate of electronic signature verification key, issued by an authorized certification center. An electronic signature is issued for the general director of the of the audited entity or a representative by the power of attorney.
As of 2016 the list of companies that fall under the requirements of the statutory audit is expanded.
The conditions under which companies are obligated to undergo a statutory audit have been expanded in 2016.
1. Statutory audit of developers (construction companies)
According to the new Part 4 of Article 18 of the Federal Law ” On Participation in the shared construction of multi apartment buildings and other real estate objects and on Amendments to certain legislative acts of the Russian Federation” (as amended by Federal Law dated July 3, 2016 № 304-FZ) annual accounting (financial) report of a developer, attracting funds of participants of shared construction of multi apartment buildings and (or) other real estate is subject to statutory audit (previously federal law only required the developer to submit an audit report for the past year of the developer’s activity for review to anyone requesting it).
This rule takes effect on January 1, 2017.
2. Statutory audit of microfinance companies
Microfinance companies will be obliged to undergo an audit for 2016 and submit the auditor’s report on the annual accounting (financial) statements to the Bank of Russia in the manner and within the time established by the normative act of the Bank of Russia (Federal Law dated 02.07.2010 N 151-FZ “On microfinance activity and microfinance institutions” (Article 15)).