What an audit costs in Ukraine and what drives the price<\/h1>\n
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.<\/p>\n
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<\/div>\nThe 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.<\/p>\n
What the cost of an audit depends on<\/h2>\n<\/div>\n\nVolume of transactions<\/b><\/p>\nThe 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.<\/p>\n<\/div>\n
Number of accounting areas<\/b><\/p>\nFixed 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.<\/p>\n<\/div>\n
Tax regime and VAT<\/b><\/p>\nUkraine 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.<\/p>\n<\/div>\n
Foreign trade and currency<\/b><\/p>\nImports, 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.<\/p>\n<\/div>\n
Group and consolidation<\/b><\/p>\nSeveral legal entities mean several sets of statements, intragroup transactions to eliminate and reconciliations between companies. An audit of consolidated statements under IFRS<\/a> is always heavier than one company.<\/p>\n<\/div>\nCondition of source documents<\/b><\/p>\nUkrainian 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<\/a> first.<\/p>\n<\/div>\n<\/div>\n<\/section>\n\n\nTerms of the engagement<\/div>\nWhat else moves the fee besides volume<\/h2>\n<\/div>\n\nDeadline and season<\/b><\/p>\nWork 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.<\/p>\n<\/div>\n
Report format<\/b><\/p>\nThe level of assurance differs, so the volume of procedures differs too. A statutory audit of financial statements<\/a>, a review under ISRE 2400<\/a> and a verification of grant spending<\/a> are three different assignments.<\/p>\n<\/div>\nLanguage of the report<\/b><\/p>\nUkrainian 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.<\/p>\n<\/div>\n
Attending the stock count<\/b><\/p>\nWhen 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.<\/p>\n<\/div>\n<\/div>\n<\/section>\n\n\nStraight talk<\/div>\nWhat pushes the fee up and what brings it down<\/h2>\n<\/div>\n\nWhat pushes it up<\/b><\/p>\nIncomplete 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.<\/p>\n<\/div>\n
What brings it down<\/b><\/p>\nOrder 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.<\/p>\n<\/div>\n<\/div>\n<\/section>\n\n\nPrice lists<\/div>\nWhy auditors do not publish a price list<\/h2>\n<\/div>\n\nScope shows after a diagnostic<\/b><\/p>\nBefore 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.<\/p>\n<\/div>\n
A fixed price means overpaying<\/b><\/p>\nFor 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.<\/p>\n<\/div>\n
Or a reduced scope<\/b><\/p>\nThe 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.<\/p>\n<\/div>\n<\/div>\n<\/section>\n\n\nFirst step<\/div>\nWe check the statutory audit criteria free of charge in 1 day<\/h2>\n<\/div>\n\n\nStep 1<\/div>\nWhat we look at<\/b><\/p>\n
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.<\/p>\n<\/div>\n
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.<\/p>\n<\/div>\n
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.<\/p>\n<\/div>\n
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.<\/p>\n<\/div>\n
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.<\/p>\n<\/div>\n
Several legal entities mean several sets of statements, intragroup transactions to eliminate and reconciliations between companies. An audit of consolidated statements under IFRS<\/a> is always heavier than one company.<\/p>\n<\/div>\n 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<\/a> first.<\/p>\n<\/div>\n<\/div>\n<\/section>\n 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.<\/p>\n<\/div>\n The level of assurance differs, so the volume of procedures differs too. A statutory audit of financial statements<\/a>, a review under ISRE 2400<\/a> and a verification of grant spending<\/a> are three different assignments.<\/p>\n<\/div>\n 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.<\/p>\n<\/div>\n 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.<\/p>\n<\/div>\n<\/div>\n<\/section>\n 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.<\/p>\n<\/div>\n 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.<\/p>\n<\/div>\n<\/div>\n<\/section>\n 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.<\/p>\n<\/div>\n 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.<\/p>\n<\/div>\n 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.<\/p>\n<\/div>\n<\/div>\n<\/section>\n What we look at<\/b><\/p>\n 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.<\/p>\n<\/div>\nWhat else moves the fee besides volume<\/h2>\n<\/div>\n
What pushes the fee up and what brings it down<\/h2>\n<\/div>\n
Why auditors do not publish a price list<\/h2>\n<\/div>\n
We check the statutory audit criteria free of charge in 1 day<\/h2>\n<\/div>\n