Crowe Expertiza provides customers with all types of auditing services, including:

• Audit of financial statements prepared in accordance with the Russian Accounting Standards;

• Audit of financial statements prepared in accordance with the IFRS and foreign national standards;

• Audit of reports including financial data classified under special regulations (special order audit);

• Audit of some of reports (audit of individual reports or items);

• Audit of other financial data;

• Audit-related services (reviews, approved procedures, compiling financial data).
  

The Russian Federation is going through the progressive process of the business environment development, which implies integration into the global economy. In this context, selection of an audit and related-services partner becomes a key tool to implement management and corporate policy.

Crowe Expertiza is an independent Russian company holding leading positions in the field of auditing. Auditing services account for over 70 percent of the corporate revenues.

Having the required package of governmental licenses and accreditations, Crowe Expertiza provides its customers with a wide range of auditing and related services which specific set is formed considering the customers' requests. More than seven thousand companies and organizations have used the Company's auditing services over the 25 years of our operation.

More than fifty companies among our customers of different years are on the Expert 600 Largest Companies of Russia List, and five of the 25 Russian companies are on the Forbes Global 2000 List.

Auditing Methodology

We conduct audits in accordance with the International Standards on Auditing (ISAs) issued by the International Federation of Accountants (IFAC) via the International Auditing and Assurance Standards Board (IAASB) and introduced in the territory of the Russian Federation by Order of the Ministry of Finance of Russia No. 192n of October 24, 2016 On Implementation of the International Standards on Auditing in the Territory of the Russian Federation.

Complete annulment of the Federal Auditing Regulations (Standards) (FARS and FAS) as of January 1, 2018 and transition to the International Standards on Auditing have not resulted in any noticeable difficulties or changes in the Company's operation while the internal auditing methodology of Crowe Expertiza was based on the ISAs to a significant degree.

The Company has a unique basic methodology to hold audits of companies' statements of various industries and forms of ownership (Auditing Practice Technology of Crowe Expertiza LLC, 1999-2018). The methodology based on the ISAs takes into consideration the experience of many years of the Company's personnel concerning audits of the major Russian companies, including holding and backbone organizations.

Our standards require compliance with the standards of ethics as well as planning and holding audits so as to obtain reasonable assurance that the customers' financial statements are free from material misstatement.

Auditing includes procedures aimed at obtaining audit evidence confirming the numbers in the financial statements and disclosure of information in it. Selection of the procedures depends on the auditor’s judgment and includes assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. An audit also includes evaluating the appropriateness of the accounting policy used and the reasonableness of accounting estimates made by the management, as well as evaluating the overall presentation of the financial statements.

At the same time, we understand that the auditor is expected not only to formally follow the requirements of the auditing standards but also to provide in-depth analysis of actual drawbacks of accounting and tax accounting which can be identified during an audit as well as to understand the industry features of the accounting organization system with a focus on the interests of skilled users of the statements.

We strongly believe that the auditor should objectively correspond to a number of criteria any way which do not necessarily result from the legislative requirements, the customers' technical specifications or expectations. We refer the following to such criteria:

• the auditor is able to hold an efficient audit based on complex understanding of the features of the customer's operation;

• following the audit, the auditor is able to provide recommendations based upon comprehensive understanding of the customer's real problems;

• the auditor is able to ensure the customer's continuous consultation concerning controversial and unregulated matters of private commercial law, including in the "hotline" mode;

• the auditor is able to be actually liable for the quality of its auditing and consultation services, it is ensured by preparedness to defend the customers' interests during pre-trial, trial and arbitration proceedings, as well as by professional liability insurance;

• the auditor has sufficient human resources and materials and equipment enabling to carry out all project works to the highest standard and on time.

Crowe Expertiza LLC's auditing fully complies with the requirements of the laws and is based solely on the laws and regulations of the Russian Federation. The Company was subjected on numerous occasions to auditing quality control procedures by professional audit associations (Institute of Professional Auditors of Russia, Institute of Professional Accountants and Auditors, Russian Board of Auditors, Russian Union of Auditors) and authorized authorities (Federal Financial and Budgetary Supervisory Service (Rosfinnadzor), the Federal Treasury) as well as by foreign quality controllers as part of implementing the intra-network quality assurance policy as well as during accreditation by various international agencies.

We have a team of experienced auditors, lawyers, tax consultants having sufficient knowledge of the applicable laws. When conducting audit, we promptly advise our customers of any problem situations and offer all possible solutions to solve them.