Kinds of service

"Independent auditor company" Business Consulting " spends obligatory and initiative auditor checks within the limits of audit of the financial reporting with audit report delivery, and also other consulting services.

Services are spent according to the International standards of audit (МСА), published by the International federation of bookkeepers (МFB) Council about Carrying out of the International Audit and Maintenance with Standards, referring to ISA 800 ("the Report of the auditor under the special auditor task") and corresponding to the Management of the World Bank.

Our experts have considerable experience in audit of the projects connected:

1.         Audit of the financial reporting on МСFО or NСFО

We book audit of the financial reporting prepared by the enterprise:

•          Under the International standards of the financial reporting/MCFO/;

•          Under National standards of the financial reporting/NSFO/.

Audit of the financial reporting of the enterprise can be:

•          It is provided by the Kazakhstan legislation as the obligatory

•          It is initiated by the customer of audit

Our experts with observance of all requirements of the legislation and applicable International standards of audit will give you the auditor report expressing independent objective opinion on reliability of the financial reporting and about results of financial and economic activity of your enterprise in which will list all essential lacks of system of book keeping and the internal control, the contracts found out in the course of performance.

If audit of the financial reporting is necessary for you, fill, please, the questionnaire and send it to us. Our experts operatively both will attentively consider your inquiry and will necessarily contact you.

 Obligatory audit, if your enterprise is necessary for you:

•          It is registered in the organizational-legal form of joint-stock company, including:

•          Banks, the insurance/re-safety organisations, memory pension funds;

•          The organisations which are carrying out activity on management by an investment portfolio or pension actives;

•          Joint-stock investment funds and real estate funds;

•          Brokers, dealers and other professional participants of a securities market (except for transfers-agents);

•          Airlines and exploiters the airports serving the international flights;

•          The national companies on subsoil user;

•          Other commercial and noncommercial organisations which can function only in the form of joint-stock company;

•          Gets the status of the affiliated organization of bank, the insurance/re-safety organization, a memory pension fund;

•          Has considerable participation in an open memory pension fund, the insurance/re-safety organization;

•          Among the large participants has banks, bank holdings;

Is:

•          Bank holding;

•          The participant of a bank conglomerate;

•          The large participant of bank, a pension fund, the insurance/re-safety organization;

•          Has concluded the contract providing investment preferences;

•          By the nature of activity concerns to:

•          To insurance brokers;

•          Bread reception to the enterprises;

•          To the organisations of civil aircraft;

•          To subjects of natural monopoly;

•          Is the special financial company;

•          Lets out securities, being economic association;

•          Is the organization with state participation (under the list confirmed by the Government);

•          Is subject to sale under the decision of the proprietor or the authorized body;

•          Falls under the requirement of carrying out of obligatory audit in process of modification of the current legislation.

Initiative audit carries out functions of an independent expert appraisal of a condition of the accounting and tax account at the enterprise and is carried out:

•          Under the decision of bodies of the enterprise;

•          On request of large shareholders/participants, proprietors of property of the enterprise;

•          At the initiative of potential investors.

You independently make the decision on necessity of audit of the financial reporting of your enterprise:

•          For maintenance of reliability of the financial reporting, conducting the accounting and tax account;

•          In connection with preparation of the consolidated financial reporting or for participation in consolidation;

•          For forthcoming negotiations with the prospective investor;

•          In connection with acceptance by the supreme body of the enterprise of the decision on management change, with a view of maintenance of procedure of transfer of affairs and posts;

•          In connection with changes in structure of shareholders/participants, or prospective purchase, sale of actions/shares in an enterprise authorized capital stock;

•          In connection with forthcoming reorganization, enterprise liquidation;

•          In connection with necessity of representation pro auditing  the financial reporting to foreign shareholders/participants, listing the stock exchange commissions, to other interested parties;

•          According to a policy of the enterprise;

•          In other cases demanding an independent estimation of a management efficiency by the enterprise.

If special purpose audit is necessary for you, fill, please, the questionnaire and send it to us. Our experts operatively both will attentively consider your inquiry and will necessarily contact you.

2.      Special purpose Audit

 Special purpose audit is intended for disclosing of particularly any event, in that case audit is spent on following aspects:

•          Almost any indicator, a component, operation, article of the financial reporting of the enterprise, or

•          A certain part of financial and economic activity of the enterprise.

The audit purpose under the special agreement is check and expression of independent opinion:

•          About reliability of a checked part or an indicator of financial and economic activity of the enterprise;

•          About conformity of an order of drawing up and formation of the financial reporting, conducting book keeping of the enterprise to legislation requirements.

Such audit is spent, as a rule, when:

•          There is a necessity of check of conformity of a component of the financial reporting to requirements of specific users;

•          Correctness of the account or the taxation of separate operations at the enterprise causes in you fears.

In such situation there is no necessity to resort to complex auditor check of all system of the account of the enterprise.

 Our experts according to the contract concluded with you, and with observance of all requirements of the International standards of audit, applicable to the given type of the task:

•          Will check up reliability of the complete set of your financial reporting of special character (prepared on other basis of book keeping which are distinct from the International and National standards of the financial reporting), or

•          Will check up reliability of a component of your financial reporting (separate reports, accounts, elements of accounts, articles), or

•          Will check up execution of treaty obligations (including, audit of separate contracts - on financial questions and book keeping questions), or

•          Will execute other special auditor agreement and

•          Will deliver the auditor report containing independent opinion of the auditor (its confidence) in the agreement subject, based on the auditor proofs received during check.

If special purpose audit is necessary for you, fill, please, the questionnaire and send it to us. Our experts operatively both will attentively consider your inquiry and will necessarily contact you.

3. Performance of the co-ordinated procedures

 The most flexible kind of auditor services allowing the customer to receive concrete result. The purpose of such agreement is performance of procedures of auditor character concerning the financial information of the enterprise (not being audit or the review) which have been preliminary co-ordinated:

•          Between our Company, your enterprise and any corresponding third party interested in actual conclusions of the auditor

•          Between our Company and your enterprise.

The co-ordinated procedures assume check of separate financial indicators and the financial information of the enterprise, interesting customers. Our report on performance of the co-ordinated procedures will be intended only for data of customers, it will concern only certain elements, accounts, articles, the concrete information and will not extend on the financial reporting of the enterprise as a whole.

 Our experts according to the concluded contract observing all requirements of the International standards of audit, applicable to the given type of the task:

Will study one or several elements of the financial reporting, or

•          Will check up conditions debtor and creditor debts, or

•          Will inspect presence and a condition commodity-material assets, the basic means, or

•          Will carry out supervision over carrying out of inventory of property, or

•          Will estimate a real share of the profit which are due to the participant according to the contract, or

•          Will execute financial due diligence (the detailed financial analysis, allowing to make the well-founded conclusion about ability of the enterprise to bring in the income in which course are defined correctness of conducting book keeping, reliability of the reporting both other documentation and their conformity to statutory acts, enterprise actives, its incomes, financial factors and financial planning and control system are studied), or

•          Will carry out other co-ordinated procedures and will deliver the report on the facts noted in the course of performance of co-ordinated procedures, including the detailed description of the found out errors and exceptions (but without expressing confidence on them) on which basis possibility to estimate the carried out procedures and the facts informed by the auditor is given to you, and to draw own conclusions according to work of the auditor.

If the co-ordinated procedures are necessary for you, fill, please, the questionnaire and send it to us. Our experts operatively both will attentively consider your inquiry and will necessarily contact you.

4. Compilation of the financial reporting

 The agreement on compilation of the financial information provides gathering, classification and generalization of the financial information given by a management of your enterprise.

Experts of our Company will carry out not auditor functions, and accounting duties, using special knowledge and skills on book keeping and relying on accuracy and completeness of the information given by you.

Compilation of balance and the reports connected with it means that we:

•          Let's not carry out procedure of audit or the review of the financial reporting of your enterprise;

•          We will not express any confidence concerning your financial reporting

The present standard auditor service does not comprise our obligations on disclosing of errors in your financial information, to detection of illegal actions or other taking place infringements, including swindle and wastes. Nevertheless we will inform you on any such aspects which will draw our attention in the course of rendering of services in compilation.

 Our experts competently and with due carefulness as professional bookkeepers will execute the procedures provided by the contract:

•          Will carry out gathering, classification and generalization of the financial information of your enterprise;

•          Will prepare the financial reporting of your enterprise including as not full, and a full package of the reporting (accounting balance, the report on incomes and expenses, the report on movement of money, the report on changes in own capital, notes for the financial reporting);

•          Will make the separate or consolidated financial reporting (at presence at your enterprise affiliated, dependent and others associated the companies participating in consolidation);

•          Will spend transformation (transformation) of the financial reporting prepared in conformity by requirements of the Kazakhstan legislation, to the reporting:

•          Under the International standards of financial reporting МСFО (IAS - IFRS);

•          Under the standards of book keeping accepted in the USA (GAAP US);

•          Under other international standards.

•          Will deliver the report on performance of the agreement on compilation of the financial reporting.

If compilation, transformation of the financial reporting is necessary for you, fill, please, the questionnaire and send it to us. Our experts operatively both will attentively consider your inquiry and will necessarily contact you.

5. Tax consulting

It is a version of auditor consulting in which course we will render you consulting services in questions of application of tax laws, we will make the general analysis and we will consider system of the taxation of your enterprise, we will define the major factors influencing formation of taxable base and calculation of taxes, we will execute the review of your tax reporting (declarations, calculations).

 5. Tax consulting for your enterprise it:

•          Possibility of reception of independent opinion on correctness of calculation of taxes

•          Decrease in risks of infringement of the legislation on taxes and tax collections

•          Decrease in probability of occurrence of misunderstanding and conflict situations with representatives of fiscal and other public authorities

•          Minimization of financial losses in the form of penalties and extra

•          Possibility of more effective tax planning

•          Possibility of the further independent estimation of tax risks and decision-making on necessity of entering of corrections in the tax reporting.

Our experts competently:

•          Will help you to warn undesirable financial consequences of tax checks by means of the recommendations based on good knowledge of the legislation in the field of the taxation;

•          Will carry out gathering and the analysis of the information on possibilities of the enterprise for construction of an effective control system by tax payments;

•          Will describe the found out tax infringements and tax consequences for the enterprise;

•          Will give professional judgement on elimination of tax infringements and on perfection of tax planning which will allow you to estimate, it is how much correct at the enterprise:

o          Objects of the taxation are defined;

o          The taxable base is estimated;

o          Are applied tax preferences;

o          Tax obligations pay off;

o          Tax declarations are filled.

If tax consulting is necessary for you, fill, please, the questionnaire and send it to us. Our experts operatively both will attentively consider your inquiry and will necessarily contact you.

6. Support of the client

As practice has shown check of the accounting documentation and the financial reporting of the client on a half-year are most convenient for clients of the contract on complex service, that is or following the results of 9 months in a current of all fiscal year, regular (as required) granting of consultations under the taxation, the finance and management. In this case our company with high degree of probability can give a positive audit report following the results of a year as all possible remarks of auditors and a disagreement with the client are resolved on mutual satisfaction within a fiscal year routinely, and the client has possibility to build the financial strategy taking into account recommendations of our experts and advisers.

During check our experts will define completeness and reliability of book keeping and the financial reporting of the enterprise, their conformity to requirements of standard documents. In case of detection of vital issues we will present to a management the certificate of auditor check about a condition of the account and the revealed infringements so that the client had possibility to eliminate the remark and by that to avoid reflexion revealed discrepancy in an audit report. Our ultimate goal as auditors consists in granting of the independent conclusion about reliability of the reporting.

In due time spent auditor check will allow to lower risk before charges taxes and imposing of penal sanctions during carrying out of tax checks. If for any reasons as a result of tax check To are added heavy taxes and penalties, it is not necessary to lower hands. Negative results of tax check not a sentence. As practice shows, to 50 percent of certificates of tax committees are successfully challenged in a pre-judicial order In many respects to success the writing of the competent certificate of disagreements promotes. Our experts will help you is qualified to perform the given work.

7. Working out of a registration policy under the International standards of the financial reporting

Tax policy working out

Tax laws RК demand, that in the Companies there were registration politicians on МСFО (NСFО) and tax registration politicians.

Our Company has an experience of introduction of the data the politician in the large enterprises of Kazakhstan

8. Restoration and support of book keeping, preparation of financial reports

9. Other services in a profile of auditor activity

 We are ready to render you other services provided by the International standards of audit and the Kazakhstan legislation on auditor activity, including - consulting.

Today professional consultations of auditors become more and more claimed in work of the Kazakhstan enterprises. Efficiency of cooperation with the auditor companies is caused by a wide experience of these companies under the decision of various problems and their independence.

 Attraction of external advisers has a number of the advantages:

•          Independence (economic, political, emotional) our advisers from influence of various groups and workers of your enterprise allows to approach to the decision of tasks in view objectively;

•          You save on the maintenance of regular experts of a various profile, on payment of increase of their qualification;

•          The operational experience of external experts with the various companies is more than experience of a permanent job of the internal adviser at one enterprise;

•          We are not limited in resources (human, information) and depth of actions at the decision of the problems put by you;

•          We have possibilities to solve your problems in a complex, connecting to consideration of your problems a wide range of experts.

 Our experts in the course of contract performance on rendering of consulting services according to operating statutory acts and the developed practice of a business turn will give written answers to your concrete questions:

•          On conducting book keeping and drawing up of the periodic financial and tax reporting;

•          Under the taxation of financial and economic activity;

•          Under the administrative account, the account of production costs and calculation of the cost price of let out production (the carried out works, rendered services);

•          Under the current legislation about the enterprise activity, to existing kinds and forms of contractual relations, an order and the form of realization of calculations between managing subjects;

•          On mutual relations with the authorized state structures, arising in financial and economic activity of the enterprise;

•          On other questions which can be considered as accompanying audit of the financial reporting.

10. Estimated services       

•          Principal views of the services rendered by Open Company «Consulting Firm" Business Consulting "to clients, are services in estimated activity, in particular:

 

•          An estimation of any movable and real estate, including the enterprises, objects of intellectual property, securities;

Our activity is carried out according to the International standards of audit/msa / which application allows to receive on the basis of the complex auditor program reasonable confidence that the financial reporting of the customer does not contain essential distortions, gives truthful and authentic representation about a financial position and financial activity of the enterprise.

We guarantee:

•          The qualitative result corresponding to the international standards of auditor activity;

•          Confidentiality of your information;

•          Strict observance of principles of business and auditor ethics.

Observing principles of independence, honesty and confidentiality, we give a full complex of the auditor services, allowing to estimate real cost of your business.

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