What an audit costs in Ukraine and what drives the price
Asking about the fee feels awkward, though it is the simplest question on the table. No auditor names a figure before seeing the scope, and that is the only reason it feels that way. Below is what the cost of an audit in Ukraine is built from and what moves it. Read it and you will place your case on that scale before you call.
The cost of an audit in Ukraine depends on the volume of transactions, the number of accounting areas, the tax regime and VAT status, foreign trade and group structure, the condition of source documents, the deadline and the report format. Audit has no price list: scope becomes visible only after a short diagnostic. We check free of charge whether your company falls under statutory audit, then price the engagement.
What the cost of an audit depends on
The main driver. The auditor works with a sample, and its size follows the number of documents. A dozen counterparties and thousands of delivery notes mean different time for the same procedure.
Fixed assets, inventory, settlements with customers and suppliers, payroll, loans, leases, provisions. Every material area is a separate set of procedures. The more areas with real balances, the larger the engagement.
Ukraine has a general tax regime and a simplified one for smaller business. VAT adds work: tax invoices are registered in a state system and can be blocked there, so input credit is traced document by document.
Imports, exports, currency accounts, exchange differences, settlements with non-residents. Ukrainian currency rules set deadlines for those settlements, so the auditor checks contracts, customs declarations and how currency was translated.
Several legal entities mean several sets of statements, intragroup transactions to eliminate and reconciliations between companies. An audit of consolidated statements under IFRS is always heavier than one company.
Ukrainian practice puts a signed paper behind every entry: an act, an invoice, a delivery note. When part of them is missing, time goes into repeat procedures, and difficult cases need accounting restoration first.
What else moves the fee besides volume
Work planned in a quiet month runs evenly. An urgent engagement before the filing date means overtime and a reshuffle of other projects. The reporting season concentrates this work into the first half of the year, so the quiet months are the easiest ones to plan.
The level of assurance differs, so the volume of procedures differs too. A statutory audit of financial statements, a review under ISRE 2400 and a verification of grant spending are three different assignments.
Ukrainian and English are different work on wording and terminology. The Ukrainian version is filed at home, the English one goes to the parent company, the investor or the group auditor.
When inventory or fixed assets are material, the auditor must be present at the count. That is a visit to a warehouse on a fixed date, sometimes in several cities.
What pushes the fee up and what brings it down
Incomplete or scattered source documents. Several legal entities and intragroup transactions. Active foreign trade. A change of chief accountant or of accounting software inside the period. A tight deadline in the peak months. Two languages and travel to a stock count. A first audit, with opening balances nobody has confirmed.
Order in the documents and a ready trial balance. One line of business and a clear revenue structure. Coming early, not a week before the deadline. Repeat work next year, when balances are already confirmed. One person on your side who supplies documents fast.
Why auditors do not publish a price list
Before a talk about the company the auditor knows neither the number of areas, nor the state of the documents, nor whether there is foreign trade. Naming a figure blind means guessing.
For one number to suit everyone, it has to carry the worst case. A simple company then pays for somebody else’s complexity: convenient for a website, poor value for the client.
The other way to hold a low fixed price is to shrink the procedures. The report exists, but with less evidence behind it, and for a bank or an investor that is risky.
We check the statutory audit criteria free of charge in 1 day
What we look at
The reported figures for the previous year, the line of business, the legal form, and whether a bank, an investor or the parent company has asked for an audit. Ukrainian rules tie the obligation to size thresholds and entity type.
How long it takes
One business day from your message. We answer in writing, with an explanation rather than one line. The detail is in our note on the statutory audit criteria.
What you receive
An answer on whether your company falls under statutory audit, which format fits and what to prepare. Then, if you go ahead, a proposal once we have reviewed the assignment.
How we price your engagement
Phone, e-mail or the form. A few sentences about the company and about who needs the report.
We clarify the period, the accounting areas, foreign trade, the number of legal entities and the state of the documents.
We send a proposal once we have reviewed the assignment: scope, timeline, team.
Scope and deadline are fixed in the contract. We work remotely across Ukraine and accept documents electronically.
Most common questions
Why can you not give a price on the phone straight away?
We can list the factors, but not the figure. The fee follows the volume of transactions, the number of accounting areas and the state of the documents. A short conversation gives an exact answer.
What affects the cost of a statutory audit most?
The volume of transactions for the year and the number of material accounting areas. Then foreign trade, a group structure and the condition of the documents.
Is an audit more expensive if the books have been neglected?
Yes, because time goes into queries and repeat procedures. Sometimes it is better value to put the accounting in order first and order the audit afterwards.
How much does an audit of a Ukrainian LLC cost?
There is no single figure, even for companies of a similar size. A TOV, the Ukrainian limited liability company, may hold a handful of transactions or thousands. We look at the statements and the documents, then send a proposal once we have reviewed the assignment.
Can the engagement be made cheaper?
Yes. Come early, prepare the documents and appoint one person for communication. That noticeably shortens the team’s time.
Is the English report charged on top?
The English version is prepared together with the Ukrainian one and belongs to the scope. Tell us at the start, so nothing is reworked at the end.
Find out what your audit will cost
Describe the company in a few sentences, we reply within 1 business day.