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CAPITAL PLUSPROVIDESprofessional expertisein auditing
We will consult in projects of any complexity, provide professional expertisein auditing, finance, taxes, accounting and consulting
auditing is:
1
systematic verification and assessment of the company's financial statements in order to establish the reliability and accuracy of the information provided
2
assessment of internal control, provision of advice on financial management issues, assistance in ensuring the reliability and objectivity of the company's financial statements
3
services aimed at identifying potential risks and errors in financial reporting, as well as improving stakeholder confidence in the enterprise
When do you need auditing?
the company's needs in assessing its financial activities, ensuring the reliability and objectivity of financial reporting, and the compliance of the company's financial reports with accounting standards
legal requirements: the need to conduct audits in accordance with legislation or regulatory requirements — the needs of banks, investors, and other interested parties
financial responsibility of companies that have investors or a public shareholding structure: confirmation of their financial responsibility to stakeholders
verification of the effectiveness of the company's use of resources and the achievement of its goals
planning strategic moves or executing financial transactions such as mergers, acquisitions, or company reorganizations
improving internal control — identifying weaknesses in internal control and recommending measures for its improvement
in cases of suspected financial manipulation or fraud, to identify potential risks and prevent their further development
the need for a trusted financial advisor to maintain financial stability and correct financial problems
etc.
Who can benefit fromaudit services?
1
Entrepreneurs, business owners
2
Investors, creditors
3
Government bodies and regulators
4
Non-profit organizations, charitable foundations
5
Banks and financial institutions
6
any organization or individual in need of an objective and independent assessment of financial activities and reporting
The international classification distinguishes four types of audit services
audit
review
other audit services
consulting
audit
— procedure for assessing an enterprise's financial statements in order to determine their reliability and compliance with international financial reporting standards
The main purpose of the audit:
— providing confidence to entrepreneurs, investors, shareholders, and the state in the reliability of financial statements by expressing an independent opinion on the reliability, completeness, and compliance of reported indicators with standards and laws, as well as assessing the effectiveness of the enterprise's activities to identify risks and provide recommendations for improving the identification of deficiencies in financial management and reporting, ensuring the transparency and reliability of financial information, promoting informed decision-making, and increasing confidence in the enterprise in the market
providing an independent assessment of the company's financial statements
verifying that the financial statements reflect the actual financial condition of the company, comply with applicable laws and national (or international) accounting standards
verifying the legality and correctness of business transactions and accounting to prevent violations by tax and regulatory authorities
examining the efficiency of the enterprise's use of resources and the extent to which management decisions contribute to the achievement of strategic goals
identifying possible errors, fraud, or deficiencies in financial reporting
providing recommendations for improving accounting processes and increasing the efficiency of the enterprise's resource utilization
providing recommendations for improving internal control and financial risk management
Stages of the audit:
preparatory stage
familiarization with the company's activities and its accounting policy;conclusion of an audit agreement;preparation of a general audit plan and program defining the strategy, tactics, methods, and scope of the audit
actual verification (field stage)
collecting audit evidence by performing audit procedures;analyzing documents and verifying the accuracy of financial statements, including accounting, banking and cash transactions, fixed assets and inventory accounting;assessing the internal control system and the accounting system of the enterprise
summary of results (final stage)
analysis of the information collected and the results of the procedures performed;formation of an audit opinion expressing an independent opinion on the reliability of the financial statements;preparation of an audit report and provision of recommendations
review
— an audit that provides a limited level of assurance regarding the reliability of financial information, which is less detailed than a full audit but provides a review of the company's financial statements through inquiries and analytical procedures to identify material misstatements
The main purpose of the review:
— providing limited assurance, rather than high-level assurance as in a full audit, which allows for a positive but not guaranteed conclusion; providing an independent professional opinion on the reliability of the company's financial statements, i.e., confirmation that the data in the statements reflect the actual financial condition of the company in accordance with established accounting standards and legislation
verification of the compliance of financial data with actual economic facts and accounting standards requirements
verification of compliance of accounting and reporting with the requirements of legislation and internal rules of the enterprise
identifying reserves for improving the financial condition of the enterprise
assessment of management effectiveness
analysis of the correctness of tax calculations
Stages of the review:
preparatory stage
concluding an audit agreement;
gathering information about the client: statutory documents, accounting policy, management structure, types of activities;
determining the overall strategy, specific methods, terms, and resources necessary for the auditexperimental stage (field)
detailed analysis of statutory documents, minutes, orders, accounting policies, etc.;analysis of the existence and effectiveness of internal control procedures at the enterprise;performance of audit procedures (verification, confirmation, analytical tests, observation, etc.) to collect evidence;verification of the accuracy of transactions recorded in accounting records (cash, banking transactions, accounts receivable and accounts payable, inventories, fixed assets)
final stage
evaluation of collected audit evidence and identification of potential risks;development of recommendations for eliminating identified deficiencies and improving the accounting system;preparation of an audit report;provision of an independent auditor's opinion on the reliability of the company's financial statements
CONSULTING
— providing professional expert assistance to company managers and staff on issues related to financial activities, as well as identifying opportunities for improving business efficiency, optimization, and development based on objective data analysis and recommendations
The main goal of consulting:
— providing independent expert opinions on the state of financial reporting and assisting in solving managerial, financial, technical, and other business problems to improve the efficiency of the enterprise and achieve its strategic goals
assessment of the actual state of affairs at the enterprise and identification of factors that negatively affect the achievement of goals
assistance in solving various problems in the field of finance, management, technology, and other activities
increasing productivity, optimizing processes, and implementing new technological solutions to achieve stated goals
providing sound recommendations and developing effective solutions based on the consultant's experience and client data
improving the quality of services and the efficiency of the company by engaging external experts with specialized knowledge and experience
Stages of consulting:
analysis
studying the client's information, problems, and goals
designing
developing a plan to solve problems
consulting
discussing the project and providing recommendations
implementation
implementing the plan and adjusting methods
Agreed-upon procedures
— verification of certain aspects of financial activities in accordance with procedures agreed upon with the client (verification of the accuracy of accounting, tax calculations, or other specific tasks that are in the interests of the enterprise); this is not a full audit, but it helps to identify risks and confirm facts
The main purpose of agreed-upon procedures:
— to provide specific results agreed with the client on a specific issue or area of activity, without necessarily expressing an opinion on the reliability of the information, which will provide a flexible and effective tool for analyzing specific aspects of the business
reconciliation of mutual settlements with creditors (debtors)
assessment of sales volumes
calculation of liquidity indicators
assessment of the structure of expenses and income and their compliance with planned indicators
analysis of the fulfillment of contract terms
analysis of the targeted use of funds
Stages of agreed-upon procedures:
planning
clearly defining what will be audited and for what purpose;selecting specific audit procedures and methods to be used;selecting qualified specialists to conduct the audit
execution
direct verification of documents, interviewing witnesses, observing processes, etc.;conducting data analysis to identify deviations and risks;obtaining confirmation from third parties
completion
evaluation of the collected data and identified facts;preparation of an audit report setting out the results of the audit and recommendations;presentation of the final conclusion on the results of the audit
Compilation of financial information
— the process of collecting, classifying, summarizing, and presenting financial information for the purpose of preparing financial statements, such as a balance sheet or income statement; presenting data in a form that meets standardized requirements, based on the accounting data provided
The main purpose of compiling financial information:
— to provide management with complete, accurate, and unbiased information about the financial position, performance, and cash flows of the enterprise in order to make informed decisions based on that information
balance sheet (statement of financial position)
income statement (or statement of financial results)
cash flow statement
statement of changes in equity
Stages of compiling financial information:
data collection
obtaining primary financial data — collecting financial information from company documents and records
classification
systematization and grouping of collected information in accordance with accounting rules and company policy
generalization
summarizing data to a more general level, which allows identifying key trends and results
preparation of reports
presentation of summarized information in the form of standardized financial reports that meet accounting and reporting requirements (e.g., IFRS standards)
supporting decision-making
providing users (management personnel, other interested parties) with reliable information for making strategic and tactical decisions
Review of interim financial statements
— a service that provides assurance on the fairness and impartiality of interim financial statements; involves reviewing, but not auditing in detail, financial information for a specific period (not a full year) that is provided in less detail than annual financial statements and without assessing the internal control system; expresses the auditor's opinion on the reliability of the financial statements without guaranteeing that all material misstatements will be detected, as is the case with a full audit
The main purpose of reviewing interim financial statements:
— provide clients with assurance that the interim financial statements are free from material misstatement and have been prepared, in all material respects, in accordance with the applicable conceptual framework for financial reporting
verification of financial statements by an independent auditor to confirm their reliability in all material respects and compliance with legislation and accounting standards, which provides confidence in the information provided
timely detection and correction of errors in financial data at an early stage, which prevents their accumulation and impact on the final results of operations
providing customers (management, investors, creditors) with complete and unbiased information about the financial condition, performance, and cash flow to make timely and effective management decisions
analyzing financial statements to assess the financial condition and performance of the enterprise over short periods, which helps to manage the business more effectively
Stages of reviewing interim financial statements:
preparation for review
determination of the purpose and scope (what exactly will be checked in the interim reporting, for example, certain sections, indicators, or the entire set of financial statements);planning of the audit task (determination of the necessary resources, deadlines, and procedures to be applied);assessment of potential risks of material misstatements in the interim financial statements and development of a strategy to mitigate them
performance of the review
obtaining interim financial statements (complete or condensed) and related documents from the company;detailed analysis of financial information using analytical procedures, including reviewing documents, checking the consistency of indicators, comparing data, and evaluating accounting policies;documenting all procedures performed during the review, as well as the evidence obtained and observations made
documenting the results and providing recommendations
preparation of a review report setting out the results of the review, identified misstatements, and an assessment of the compliance of the financial statements with established requirements;provision of specific recommendations for eliminating identified deficiencies and improving accounting processes;submission of the review report to interested parties (company management, auditors, etc.)
Confirmation of individual reporting items
— independent audit of a specific balance sheet item, individual transactions, contracts. or accounting areas in order to establish the reliability of the data reflected in the financial statements of the enterprise (can be either a standalone service or part of a comprehensive audit conducted to confirm the correctness of the reflection of individual financial indicators in accordance with International Financial Reporting Standards (IFRS) or national accounting standards (PSBO)
The main purpose of confirming individual items in the financial statements:
— ensure that the information presented in a particular item in the financial statements is true and accurate
helps ensure transparency of financial activities and avoid errors in reporting
allows identifying potential risks associated with certain transactions or assets
ensures reliability of financial information for users of financial statements
Stages of confirmation of individual reporting items:
planning
determining the overall strategy and scope of the future audit, taking into account the specifics of the enterprise;analyzing potential risks that may affect the reliability of financial statements
conducting substantive audit procedures
verifying the accuracy of the recording of business transactions and balances in accounting accounts;comparing financial indicators to identify unusual trends and deviations
forming an audit opinion
expressing an opinion based on the evidence gathered regarding the compliance of the financial statements with established standards
Compliance audit
— systematic and independent assessment of an enterprise's activities to verify its compliance with established standards, laws, regulations, internal policies, and procedures
The main purpose of a compliance audit:
— to determine whether the company complies with all necessary rules and standards, as well as to identify and eliminate potential problems and risks
verification of compliance with laws and regulations
verification of compliance with specific standards for certain industries, such as IT
assessment of whether company employees comply with corporate rules and procedures
Stages of compliance audit:
planning
determining the purpose and scope of the audit (which requirements will be checked and in which areas of the enterprise's activities);selecting qualified auditors with the necessary experience;creating a detailed audit plan, including specific verification methods (interviews, document analysis, observation) and evaluation criteria
preparatory stage
requesting and studying the enterprise's documentation related to the audited requirements (information about systems, processes);compiling checklists and checklists for conducting the audit;conducting a preliminary analysis to identify potential risks
field stage
conducting interviews with employees, analyzing system settings, reviewing documentation, and verifying processes on site;assessment of the actual state of the company's activities in comparison with the established requirements and criteria
analysis of results
systematization of the evidence collected and assessment of its compliance with the requirements;identifying any deviations or shortcomings in compliance with requirements
report generation
preparing a detailed report containing conclusions on compliance, identified non-conformities, and recommendations for improvement;submitting the report to company management for discussion and further action
Performance audit
— assessment of the company's financial and economic activities to improve its functioning
The main purpose of performance auditing:
— verify the compliance of the enterprise's measures, programs, and activities with the principles of economy, efficiency, and effectiveness, as well as identify opportunities for their improvement (including analysis of the reasons for deviations from the established criteria and providing recommendations for optimizing activities, obtaining additional effects, and improving quality results)
verification of activities for compliance with principles such as economy (lowest costs), efficiency (best cost-benefit ratio), and effectiveness (achievement of set goals)
analysis of the reasons for deviations from established criteria and identification of areas where there is room for improvement in processes and activities
formulating proposals and recommendations for the institution's management with a view to improving efficiency, optimizing the use of resources, and achieving better financial and qualitative results
ensuring that activities are carried out rationally, with minimal costs and maximum results achieved
Stages of performance audit:
preparatory stage
determination of the objectives, scope, and timing of the audit, as well as the formation of the audit team;selection of methods and tools to be used for conducting the audit;familiarization with regulatory documents relating to the audit subject
main (field) stage
obtaining the necessary data on the activities of the audited entity through surveys, observations, and document analysisverifying the collected information for accuracy and compliance with established standards
final stage
development of specific proposals to improve the efficiency of the enterprise;preparation of a written document containing the results of the audit and recommendations;submission of conclusions and recommendations to the management of the audited enterprise
AUDIT SERVICES
12
Audit with regular confirmation of the reporting of banks, financial institutions, issuers and professional capital market participants
HOW WE WORK
Application
Leave your contacts and questions and our specialist will contact you to make an appointment
Commercial offer
Having defined the goals and objectives of the project, we will prepare an individual proposal for you
Discussion of the project
During the meeting we will discuss the optimal time and stages of the project and agree on deadlines
Signing the contract
We sign a contract and a confidentiality agreement with each client, which guarantees your confidence
OUR EXPERTS
— clients trust us with the most complex issues because they know we will help them reduce business risks
CEO
TETIANASHEVTSOVA
registration number 100834
Tetiana Shevtsova is a professional analyst, a specialist in taxation, in particular on income tax, VAT, rent payments. Has been auditing since 1996.
Tetiana is a co-author of the Bill «On Amendments to the Tax Code on Tax on Withdrawn Capital», as well as many bills (including amendments to the Tax Code and some legislative acts of Ukraine) and is the author of publications and articles in accounting, auditing specialized publications, has experience of public speaking.
Tetiana is a member of the Federation of Professional Accountants and Auditors of Ukraine; Federation of Employers of Ukraine; Union of Ukrainian Entrepreneurs (SUP); Council of the Union of Entrepreneurs of Small, Medium and Privatized Enterprises of Ukraine; Council of the Chamber of Commerce and Industry of Ukraine of the All-Ukrainian Association of Employers, as well as a member of Public Councils at the Ministry of Finance and the State Tax Service of Ukraine (Chairman of the Audit, Accounting and Taxation Committee), works in the Expert Appeal Council at the Ministry of Finance on issues of tax legislation reform, taxation methodology and tax administration.
— au.moc.sulp-latipac%40avostvehs.t
Director of the Audit Department
IHORTSEKHMISTRENKO
registration number 100830
Ihor is a professional auditor and analyst and has more than 20 years of experience in the financial and economic sphere.
As a tax specialist (income tax, VAT, rent payments), a specialist in the field of financial companies, a practicing lawyer and project manager, Igor headed the Audit Department and develops cooperation with large Ukrainian and international companies.
Ihor Tsekhmistrenko is a member of the Public Union Chamber of Auditors and Accountants of Ukraine.
— au.moc.sulp-latipac%40oknertsimhcez.i
Director of the Consulting Department
OLEXANDERDANYLENKO
registration number 102489
Olexander Danylenko has over 25 years of experience in the financial and economic sphere and experience as a chief accountant and editor-in-chief of leading professional accounting and financial publications.
Author of more than 700 articles on taxation and business, accounting and law, author of books on taxation and business.
Olexander worked as an auditor, head of consulting in leading audit companies. Specializes in taxation of transactions with non-residents. As an expert, he was repeatedly involved in the development of draft laws and regulations.
Olexander Danylenko is a member of the Public Union Chamber of Auditors and Accountants of Ukraine.
— au.moc.sulp-latipac%40oknelynad.o
Partner | Auditor
OksanaNabochenko
registration number 100826
Oksana Nabochenko is an auditor, professional analyst. She is a tax specialist (income tax, VAT, currency transactions) and a specialist in the field of financial companies; project manager.
Oksana is constantly improving her knowledge, in 2015 she completed the course under the program «Markets of financial services in Ukraine and peculiarities of auditing financial statements of non-banking financial institutions».
Oksana's work experience in the financial and economic sphere is more than 20 years. She specializes in the activities of asset management companies and taxation of transactions with non-residents.
Oksana is a member of the Public Union Chamber of Auditors and Accountants of Ukraine.
— au.moc.sulp-latipac%40oknehcoban.o
Partner | Auditor
OlgaZavgorodnYeva
registration number 100825
Olga Zavgorodneva is an auditor, specialist in audit/review of separate and consolidated financial statements according to IFRS and PSBO, implementation of agreed procedures for checking the correctness of tax declarations. Specializes in conducting audits in the hotel business, real estate leasing and mining.
Olga has 13 years of professional experience in auditing, including 5 years as a key audit partner.
Olga Zavgorodneva is a member of the Public Union Chamber of Auditors and Accountants of Ukraine.
— au.moc.sulp-latipac%40avendorogvaz
CONTACTS
Audit Firm Capital Plus
Kyrylivska Street, 14-18, office 49, Kyiv, 04080
+38 (044) 502 67 18+38 (050) 315 51 35
au.moc.sulp-latipac%40rotidua
Financial auditTax consultingFinancial consulting
Ukrainian group of audit companies Capital Plus - 2 separate firms that operate under a common brand name and are related parties: LLC Audit Firm Capital Plus and LLC Audit Company Capital Plus.
Capital Plus Group provides audit and assurance services, consulting, financial consulting, risk management services, taxation and other related services to Ukrainian clients and international groups of companies in all sectors of the economy.
According to the results of the 2019 financial year, the Capital Plus Group, according to market analysts, was among the TOP-20 largest audit firms in Ukraine.
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Certificate of the Audit Chamber of Ukraine on entry into the register of audit firms No. 2069 dated March 30, 2001.EDRPOU code 30371406
Kyrylivska Street, 14-18, office 49, Kyiv, Ukraine, 04080
Certificate of the Audit Chamber of Ukraine on entry into the register of audit firms No. 2069 dated March 30, 2001.EDRPOU code 30371406
Kyrylivska Street, 14-18, office 49, Kyiv, Ukraine, 04080