Company audit in Ukraine: order an audit in Kyiv or anywhere in the country
An independent audit of the financial statements of Ukrainian companies, joint stock companies and organisations. We review the books, taxes and documentation, show the risks before an inspector or a buyer finds them, and issue an auditor’s report under International Standards on Auditing. Audit firm since 2000, Ukrainian audit register No. 4624, member of DFK International.
- Audit of the financial statements under International Standards on Auditing
- Analysis of tax risk: profit tax, VAT, payroll, foreign trade
- Reconciliation of the books to bank, inventory and counterparty balances
- Auditor’s report and a management letter listing the findings
- A working session with the owner and the chief accountant
What an audit costs and what drives the price
Nobody publishes a price list for audit work, and any figure quoted before seeing the assignment is invented. The fee reflects the auditor’s workload, and that comes down to six things. We look at them during the first call and then quote a figure that does not change afterwards.
The main driver. A thousand documents and a hundred thousand documents mean a different sample and a different amount of time. We look at turnover and document count, not revenue alone.
Trade, manufacturing, services, foreign trade, leasing: each line is a separate audit area with its own risks.
Well kept books make the audit faster. Where documents are missing, accounting restoration comes first and is quoted separately.
A report under Ukrainian standards, under IFRS, or in a donor or bank template. This determines the extent of procedures and disclosures.
The standard two to four weeks cost less than the same work compressed into one. Urgency is always priced separately.
A Ukrainian report is included. A parallel English report for a foreign shareholder or a group adds to the scope.
We can give a preliminary estimate after a short phone call, with no documents and no obligation.
The four most common reasons
Mandatory audit of the annual statements
If the company meets the size or legal form criteria, the audit is required and the report is published with the statements: statutory audit of financial statements.
A voluntary review before the state arrives
The owner wants to know what the tax authority will find before it comes. We test the risky areas and leave time to correct them.
A new director or chief accountant
The audit records the position at the handover date, so whoever takes over is not answerable for someone else’s decisions.
Buying or selling a business
A pre-deal review shows the real assets, liabilities and hidden exposures: pre-acquisition business audit.
Six areas and the main risk in each
Completeness, timing of recognition, discounts and returns, and whether contracts and acceptance acts match the actual transactions.
Justification of costs, their link to the business, adjustments required by the Tax Code and the accuracy of the return.
Input and output VAT, registered tax invoices, blocked registrations and dealings with high risk counterparties.
Physical counts, measurement, depreciation, write-offs and shortages. The area where books and reality diverge most often.
Calculations, indexation, leave, service contracts and individual entrepreneurs, taxes and contributions, HR files: personnel audit.
Receivables and provisions, exchange differences, settlement deadlines under foreign trade contracts and currency supervision.
Four steps with no surprises at the end
We clarify the business, the volume, the period and the purpose of the report, then send a proposal with a fixed fee and a plan.
A list by audit area. Secure file exchange, work performed remotely across Ukraine.
Findings are raised as we go so that you can provide documents and correct the books before the report is signed.
Auditor’s report, management letter and a conversation where every finding is explained in plain words along with what to do about it.
What clients ask most often
How much does an audit cost?
The fee depends on transaction volume, the number of business lines, the state of the records, the reporting framework and the deadline. No firm has a price list, because the workload differs. We give a preliminary estimate after a short call and a firm figure after reviewing the assignment, usually within one working day.
How long does a company audit take?
Two to four weeks after we receive the documents. For a large company or a group we agree the timeline separately. Expedited work is possible but affects the fee.
Which documents are needed?
Financial and tax statements, trial balances, bank statements, contracts with key counterparties, asset records, HR files and orders. We send the full checklist with the engagement letter, tailored to your line of business.
Can we audit just one area?
Yes. A voluntary engagement can be narrowed to profit tax, VAT, payroll, inventory or settlements with a particular group of counterparties. It is cheaper and faster than a full audit.
What happens if you find breaches?
We tell you first, not the report. In most cases there is time to correct the books, provide documents or file an amended return before the report is signed. What cannot be corrected goes into the management letter with a risk assessment.
Do you work outside Kyiv?
Yes. The audit runs remotely through secure document exchange anywhere in Ukraine. Travel is mainly needed to observe physical inventory counts.
Request a proposal
Tell us the line of business, approximate turnover and the period to be audited. We reply within 1 working day.