Audit of Financial Statements

Audit quality is of fundamental importance for maintaining trust in the financial reporting process and the integrity of financial information. That is why HLB International member firms work continually to ensure that multi-national audits are carried out to a high standard across the network. Member firms provide audit services to a wide range of clients across the world. The experience of audit teams, covering many industries and service sectors, enables them to focus on key areas of risk, adequacy of internal controls and potential areas of fraud.

Financial statement services are a key part of the HLB International network. For nearly 40 years, HLB has sought continued excellence in this area – adopting new technologies, implementing new methodologies and staying at the forefront of current developments, including regulatory changes and international standards. Additionally, with a partner-led approach, HLB International is conscious of the need for its member firms to provide a high level technical service, backed up by meeting deadlines, attention to detail and respecting clients’ time and schedules, whether the client is publicly listed, is a privately held company, a not-for-profit entity, a government department or a state owned enterprise.

With a focus that is specific to each business and industry, audit procedures are tailored to the particular operations and reporting requirements of member firm clients. As such, an audit from within the HLB International network is not simply performed to comply with statutory or regulatory requirements, it will also serve to assist member firm clients seeking additional capital, better terms from the company’s bankers, looking for investors or wanting to improve their operations.

Energy Consulting a wide range of audit and related services:

  • Audits and reviews of year-end and interim financial statements
  • Preparation and advice on reporting under international financial reporting standards, including the transition from national standards to IFRS
  • Internal audit reviews of accounting systems and practices
  • Special audits for mutual funds, charities and other not-for profit entities
  • Special audits according to national laws and regulations
  • Due diligence
  • Audits connected with mergers and acquisitions

Licences and certificates

Energy Consulting is a member of Institute of Professional Auditors (IPAR), a Russian self-regulatory organization. The company is also included in the Russian Register List of Auditors and Audit Organizations 04.12.2009 with the principal registration entry 10202014620.

We hold license No. 0665096 dated 30.01.2013 for the execution of works related to the use of information classified as state secret issued by Russia’s Federal Security Service in Moscow and Moscow region valid until 04.12.2017.

Liability Insurance

According to the conclusion of the Federal Financial and Budgetary Supervisory Service in 2012, the quality of our work totally conforms to the requirements of the Federal Law on Audit, the Code of Ethics for Professional Accountants and other statutory enactments.

The professional risks of Energy Consulting are insured by ОАО AlfaStrakhovanie through insurance policy No. 0991R/756/90031/6 dated 24.03.2016. Our insurer’s current liability limit is USD 5m

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