Mandatory audit criteria for llc. Audit of financial statements Which organizations are subject to mandatory audit in

How long does it take for an organization to conduct a statutory audit for 2017?

Mandatory audit for 2017. When is an organization required to conduct an audit? Submission of an audit report to Rosstat and the tax inspection.

Question: How long does it take for an organization to conduct a statutory audit for 2017? How long does it take for an organization to submit an auditor's report for 2017 to statistics?

Answer: The audit for 2017 is conducted after the end of the financial year until December 31, 2018.

The law establishes 2 options for the period when the auditor's report on the reliability of financial statements must be received by Rosstat (part 2 of article 18 of the Law "On accounting" No. 402-FZ):

Together with the annual accounting - in the general period.

If the verdict of the auditors is not yet ready, then the law gives 10 working days from the date of their conclusion, but not later than December 31 of the year that follows the reporting year.

When an organization is required to conduct an audit

Submission of an audit report to Rosstat and the tax inspectorate

When to submit an audit opinion to Rosstat

If an organization is obliged to conduct an audit, then it must submit an auditor's report along with accounting reports to the territorial division of Rosstat. You need to do this:

either simultaneously with the filing of financial statements;

or separately no later than 10 working days from the day following the date of the auditor's report, in any case no later than 31 December of the year following the reporting year.

Responsibility for evading a statutory audit

What is the responsibility for evading a statutory audit?

If an organization has not conducted a statutory audit and does not have an audit report, this is a gross violation of the accounting and reporting requirements. Fines are provided for by the Code of Administrative Offenses of the Russian Federation. The amount of the fine for officials is from 5,000 to 10,000 rubles. And in case of a repeated violation - up to 20,000 rubles. or disqualification from one to two years.

You have not published the financial statements of the joint-stock company and the auditor's report, did not provide the audit report to the shareholders - you will be fined in accordance with part 1 of article 15.19 and part 2 of article 15.23.1 of the Code of Administrative Offenses of the Russian Federation. The amount of the fine will be:
- for organizations - from 500,000 to 700,000 rubles;
- for officials - from 20,000 to 30,000 rubles. or disqualification for up to one year.

If the audit report is not submitted to Rosstat in time, there will be a warning or a fine:
- for organizations - from 3000 to 5000 rubles;
- for an official (manager) - from 300 to 500 rubles.

Such sanctions are provided for by the Code of Administrative Offenses of the Russian Federation.

Similar fines will be imposed if you are late with the submission of financial statements or submit them in incomplete volume (letter from Rosstat dated February 16, 2016 No. 13-13-2 / 28-Media).

Entering information into the state register

Is it necessary to enter the results of the statutory audit into the Unified Federal Register of Information on the Facts of the Activities of Legal Entities

The customer is obliged to enter information on the results of the statutory audit into the Unified Federal Register of information on the facts of the activities of legal entities. Namely:

data of the audited entity. INN, PSRN, SNILS;

auditor's data. Name (full name), INN, PSRN, SNILS;

list of audited accounting (financial) statements and the period for which they were drawn up;

the date of the auditor's report, the auditor's opinion on the reliability of the statements;

circumstances that have or may have an impact on the reliability of the reporting. But only if it is not a state or commercial secret.

Audit is an audit of accounting (financial) statements carried out by an independent auditor, the purpose of which is to determine how reliable these statements are. In some cases, the audit should be carried out without fail, and not only at the request of the organizations themselves. In this article, we will consider when an audit is mandatory, what are its criteria in 2017, and what sanctions may follow if the organization ignores the statutory audit.

Mandatory audit 2017

The statutory audit is carried out annually. Its results are reflected in the auditor's report - an official document intended for users of audited accounting (financial) statements. Deadlines for statutory audits are not established by law and are determined by the organization itself. It should be borne in mind that the auditor's report must be submitted to Rosstat together with the annual accounting records, or no later than 10 working days after the date of the auditor's report, but no later than December 31 of the year following the reporting year (Article 18 of the Law of 06.12.2011 No. 402 -FZ).

The auditor expresses in the report his opinion on the reliability of the audited statements and indicates the circumstances that may significantly affect this reliability. After completing the statutory audit, the individual auditor or audit firm submits its opinion to the auditee.

Having received the audit report in hand, the organization through a special operator places the results, which received a mandatory audit, in the "Unified Federal Register of Information on the Facts of Legal Entities' Activities".

Statutory audit criteria 2017

The criteria that determine the need for a statutory audit are certain conditions that an organization must meet. Let's list what these criteria are:

organizational and legal form of a legal entity (for example, all joint stock companies are subject to mandatory audit);
carrying out a certain type of activity (insurance, banking, etc.);
certain financial indicators (income or asset value of a legal entity exceeds a certain limit);
a legal entity is a specific state corporation or organization (Central Bank, Russian Railways, etc.);
the need for consolidated reporting.

Organizations subject to statutory audit

The Law “On Auditing” dated 30.12.2008 No. 307-FZ contains a list of cases of mandatory audit, but it is not exhaustive. Most fully the subjects of statutory audit are listed in the Information of the Ministry of Finance of the Russian Federation dated January 11, 2017.

The cases of statutory audit indicated in the Information are presented in a table of 69 items, grouped according to the main criteria, with an indication of the legislation, the reporting that must be checked, as well as the requirements for auditors who have the right to carry out such checks.

So, based on the criteria, the mandatory audit is carried out by the following organizations:

joint-stock companies, funds, federal state unitary enterprises, state corporations, state-owned companies, public companies (paragraphs 1-9 of the Information);
companies, whose securities are admitted to trading, credit institutions, credit bureaus, insurance companies, mutual insurance companies, professional associations of insurers, professional participants in the securities market, clearing organizations, trade organizers, depositories, and the mandatory audit is carried out by joint-stock investment funds, NPFs, microfinance organizations, organizers of lotteries and gambling, credit and housing savings cooperatives, self-regulatory organizations, political parties, developers, etc. (paragraphs 10-50 of the Information);
conduct a mandatory audit of an organization whose revenue for the previous year is more than 400 million rubles, or the amount of assets on the balance sheet is more than 60 million rubles (clause 68 of the Information);
statutory audit of financial statements is carried out by the Central Bank of the Russian Federation, the Deposit Insurance Agency, Vnesheconombank, the Fund for Assistance to the Reform of Housing and Communal Services, the State Corporation Roscosmos, JSC Russian Railways, the Fund for Assistance to Lending and others (p. 11-67 of the Information);
statutory audit is performed by all organizations that present and / or publish consolidated (consolidated) accounting (financial) statements (clause 69 of the Information).

Mandatory audit for LLC

The law does not require an LLC to submit an auditor's report as part of its financial statements. Nevertheless, for such legal entities, a compulsory accounting audit is possible according to the financial criterion, if the permissible amount of proceeds / assets is exceeded. This is impossible only in the first year of activity, since they do not yet have indicators of the periods preceding the reporting one. If other criteria are met, the LLC is subject to mandatory audit.

The mandatory audit of a small enterprise will be carried out in a similar way - if the legal entity meets the above criteria. The status of a small business entity does not matter.

Mandatory audit: responsibility

In case of failure or violation of the deadline for submitting an audit report to Rosstat by an organization that requires a mandatory audit, fines may amount to (Article 19.7 of the Code of Administrative Offenses of the Russian Federation):

from 3000 to 5000 rubles for the organization,
from 300 to 500 rubles on officials.

For failure to conduct a statutory audit, fines are already more significant (Article 15.11 of the Code of Administrative Offenses of the Russian Federation):

from 5,000 to 10,000 rubles. on the leadership of the organization;
in case of repeated violation - up to 20,000 rubles, or disqualification of an official for 1-2 years.

If a JSC does not have a statutory audit of financial statements, then the amount of fines increases many times over (Article 2 of Article 15.19 of the Code of Administrative Offenses of the Russian Federation):

from 30,000 to 50,000 rubles. - for the management of the joint-stock company;
from 700,000 to 1,000,000 rubles. - for the organization.

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 of financial statements

1. Requirement for the preparation of auditor's reports in accordance with ISA from 2017. What can we expect?

Our state is committed to European indicators in terms of financial reporting. Therefore, another step towards increasing its publicity and transparency was the introduction of international auditing standards (ISA) in the Russian Federation on January 1, 2017 (Orders of the Ministry of Finance of Russia dated 24.10.2016 N 192n, dated 09.11.2016 No. 207n).

For audit companies, 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 the 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 the statutory audit since 2017; an increase in the time frame for the provision of an auditor's report; increase in the cost of bank loans for companies (due to an increase in the 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 website of the Federal Tax Service

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.

From July 1, 2017, the beginning of the publication of the specified information in the public domain on the official website of the Federal Tax Service on the Internet.

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 appearance of additional information about legal entities in the public domain, taxpayers have an additional opportunity to assess the risks when choosing a counterparty, and there will also be an additional argument to prove to the IFTS 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 in Russia the results of the statutory audit of accounting (financial) statements become public. Corresponding amendments were made to the Federal Law “On Auditing Activity”. Organizations subject to statutory audit must now enter information on the results of the audit into the Unified Federal Register of information on the facts of the activities of legal entities (hereinafter - EFRS http://www.fedresurs.ru/) 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 carried out;
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.

Violation by an official of the audited organization of the obligation to disclose such information may entail an administrative fine provided 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 secret of other persons, in particular attorney's secret, audit secret, 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 requested 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 of accounting and reporting, as well as tax liabilities of companies, is becoming more transparent.

So that by March 2018, at the close of the 2017 financial year and the submission of the annual financial statements, you do not have to 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 volume of work before the end of the reporting year, which will allow the organization to take into account their conclusions and recommendations in order to approach the 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 the accounting department at the end of the year.

It is no secret that accounting and preparation of tax returns are the area of activity of the chief accountant. However, managers and founders should remember that responsibility for the accountant's mistakes extends to them too.

As you know, in case of material misstatements of accounting, the auditor's report may be negative, which will require the organization to incur additional costs associated with correcting the identified violations. For a re-audit of the revised financial statements, this is an additional payment for the time spent by auditors for checking and the terms 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 auditor's report at the end of the year.

If the auditors first come to the company in February-March, the accounting department has too little time left 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 the company's economic activities 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 a lot of time and effort on it, as they would have spent correcting documents retroactively.

If errors are revealed 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, interest will be calculated as follows:

based on 1/300 of the refinancing rate of the Central Bank of the Russian Federation, in effect 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, current in the period starting from the 31st calendar day of delay, which is commensurate with 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 of work are impeccable. We are always ready for a constructive dialogue with the audited persons on issues that have arisen 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 under Federal Law 214-FZ
companies preparing consolidated financial statements
joint stock companies, including non-public ones.
public offering companies
banks, insurance companies and some other categories in the 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 business days from the day following the date of the auditor's 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. You will have to hand over it 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.

The Finance Department has provided a list of conditions for a statutory audit and a list of organizations in its Newsletter

01.02.2018

The year 2017 is over, accountants are preparing annual reporting... As we know, many organizations will be required to conduct a statutory audit of accounting and consolidated statements.

The Russian Ministry of Finance has put together which companies should conduct a statutory audit of the accounting (financial) statements for 2017. All information is collected and presented in a form that clearly indicates: the type of company, its activities, type of reporting and regulatory act.

Are ordinary LLCs required to audit? Yes, under certain conditions:

1) The volume of proceeds from the sale of products(sale of goods, performance of work, provision of services) of an organization (excluding state authorities, local governments, state and municipal institutions, state and municipal unitary enterprises, agricultural cooperatives, unions of these cooperatives) for the previous reporting year exceeded 400 million rubles.

2) The amount of assets of the balance sheet as of the end of the previous reporting year exceeds 60 million rubles.

If your company meets one of the above conditions, then you need to conduct a statutory audit. The annual financial statements will be audited. Grounds: Federal Law of December 30, 2008 No. 307-FZ, Art. 5, part 1, p. 4. Either an audit organization or an individual auditor has the right to conduct an audit.

For audit companies, 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 the audited companies, this means:

Pros:	Minuses:
improving the quality in assessing business risks a conclusion that will contain not only an assessment of the company's financial statements, but also draw 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.	increase in the cost of the statutory audit since 2017. Increase in terms of providing an audit report increase in the cost of bank loans for companies (due to an increase in the level of transparency of the company's activities and the reflection in the audit report of all identified business risks)

Information on taxes, fines, income and expenses, the number will appear on the FTS website

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.

From July 1, 2017, it is planned to start posting this information in the public domain on the official website of the Federal Tax Service on the Internet.

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.

Mandatory audit - A complex approach

Information about mandatory audit is posted on Fedresurse

From October 1, 2016 in Russia the results of the statutory audit of accounting (financial) statements become public. Corresponding amendments were made to the Federal Law “On Auditing Activity”. Organizations subject to statutory audit must now enter information on the audit results into the Unified Federal Register of Information on the Facts of Legal Entities (hereinafter - EFRS www.fedresurs.ru) 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 carried out;
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.

MANDATORY AUDIT - A COMPLEX APPROACH

In addition to the standard statutory audit procedures aimed at confirming accounting (financial) statements, we check taxes, the correctness of the calculation of the taxable base and the correct filling of declarations.

Calculate the cost

Audit secrecy likely to be revoked from 2018

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 a professional secret of other persons, in particular attorney's secret, audit secrets, is not allowed during tax control.

So, the sphere of accounting and reporting, as well as tax liabilities of companies, is becoming more transparent.

In order not to end up with an auditor's report containing numerous reservations by March 2018 at the close of fiscal year 2017, we advise companies:

Order an audit at the beginning of the year (in the first, second quarter).
This way you can eliminate repetition of errors in your reports in subsequent quarters and reduce the burden on accounting at the end of the year.
Break up the audit by quarters.
Its cost will be evenly distributed throughout the year and will not require a one-time diversion of funds from the company's economic activities.
Do not treat the audit as a formal procedure only for the delivery of accounting (financial) statements.
Why deprive yourself of the opportunity to receive high-quality feedback on the state of affairs of the company.
Seriously approach the choice of an audit company.
The market is saturated with a variety of offers, both from individuals and from various companies. What you need to pay attention to, read here.
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.

What you get in cooperation with Pravovest Audit:

As part of the audit contract, clients receive bonuses in the form of useful services during the reporting year
assistance of tax lawyers and lawyers as additional guarantees - within 3 years after the audit.
when choosing auditors in advance for 2017, the company fixes a price offer in rubles at the current cost, while services are provided until the end of March 2018.

Additional bonuses:

from the moment of the conclusion of the contract, it is possible to directly consult with auditors and tax lawyers throughout the year and until March 31, 2018;
VIP-seminars in the "Round table" format. Practice of law enforcement, discussion of recent changes. Professional accountants receive a 10 hour IPB certificate for each visit;
seminar notes;
at the choice of the Customer, an additional legal examination of standard contracts, constituent and other documents can be carried out; an assessment of the prospects for litigation is given; other necessary actions have been taken to eliminate economic risks in the activities of the organization;
analysis of the tax burden and the likelihood of a tax audit using the method of the Federal Tax Service Inspectorate, we determine the size of possible tax risks, reserves and ways to reduce costs;
1C base audit.