ORRIZON
Your reliable partner in auditing, consulting and accounting

• Audit of financial statements prepared in accordance with RAS and IFRS

An audit of financial statements prepared in accordance with Russian Accounting Standards (RAS) and International Financial Reporting Standards (IFRS) is an independent verification of a company's financial statements conducted in accordance with International Standards on Auditing (ISA).An audit may be mandatory, if required by law, or voluntary, at the request of the company, with the aim of increasing confidence in the financial information. The purpose of the audit is to confirm the reliability and completeness of the financial statements, their compliance with standards, and to identify possible errors or misstatements. An audit provides assurance that financial information is transparent and reliable. It strengthens confidence in the business from investors, creditors, and partners, and enables informed management decisions.

• Tax audit

A tax audit is a specialized audit designed to assess the accuracy of a company's tax calculations and the timeliness of its tax payments. Such an audit includes an analysis of a company's tax liabilities with the objective of identifying potential risks and irregularities, as well as recommendations for optimizing tax payments and ensuring compliance with tax laws. The objective of a tax audit is to identify potential tax risks and discrepancies that could result in financial losses or legal issues. The results of a tax audit assist companies in optimizing their tax liabilities and avoiding penalties and fines for violating tax laws.

• Special audit

We conduct specialized audits, including HR records audits and internal control audits, to assess compliance with specific standards and requirements. This is a comprehensive and targeted audit designed to evaluate specific operational aspects in great detail. This service includes a range of targeted audits, aligned with specific requirements and standards related to the client's unique operational or financial aspects.
The objective of a special audit is to identify potential vulnerabilities and risks that could impact the security and productivity of the organization. This is done in order to provide recommendations for strengthening controls and improving management discipline.

• Compliance audit

The objective is to verify a company's compliance with legal requirements in order to minimize legal risks and improve business practices. In the course of a compliance audit, auditors evaluate a company's adherence to applicable laws, standards, and ethical guidelines. It is crucial to implement this service in order to prevent legal violations that could result in substantial fines, loss of reputation, or other serious consequences. Audit results assist in fostering stakeholder confidence and equip company management with the insights necessary to make data-driven decisions regarding operational or policy modifications.

• Tax consulting services

Tax consulting services provide clients with an in-depth understanding of Russian tax legislation and help them optimize their tax liabilities. This service includes tax risk analysis, preparation and review of tax returns, and support in interactions with tax authorities. Our consultants help clients to develop effective tax strategies in line with changes in legislation and minimize potential tax risks. An important part of the service is the provision of up-to-date information on all changes in tax laws, which allows clients to adapt to new requirements in a timely manner and optimize their tax burden.

• Consulting services on accounting and financial reporting matters

We provide expert advice on accounting and financial reporting, helping companies to ensure that their financial information is accurate and complies with established standards. The service includes assistance in developing accounting policies, setting up accounting methodology in accordance with national and international standards. Our specialists provide support in the preparation of financial statements such as balance sheet (statement of financial position), income statement (statement of profit or loss), simplifying audit procedures and improving management decision-making based on reliable data.

• Consulting services in the area of currency regulation and currency control

Our consulting services in the area of currency regulation and currency control are designed to support companies in ensuring that their currency transactions comply with Russian legislation. The service includes assistance in understanding and applying currency legislation, consulting on currency control issues, as well as preparation and support of documentation for currency transactions. Our specialists assist clients in developing strategies and procedures that minimize non-compliance risks and optimize currency transactions in compliance with the law. This is of particular importance for businesses with international operations and regular foreign exchange transfers, in order to avoid legal sanctions and ensure effective currency risk management.

• Consulting services in the field of civil law

We provide comprehensive civil law advice, assisting clients in navigating complex legal matters related to contracts, transactions, obligations, and property rights. Our service includes the analysis of legal risks, the drafting and review of contracts, the provision of support for transactions, and representation of clients in negotiations. Our experts assist clients in minimizing legal risks and ensuring the protection of their rights and interests under civil law.

• Consulting services in the area of labor law

Our labor law advisory services are designed to assist employers and employees in matters that relate to labor relations. We assist with the drafting and review of employment contracts, the resolution of labor disputes, the provision of advice on dismissals, the optimization of HR documentation, and compliance with labor laws. Our specialists will help minimize the risks of violations, ensure compliance with the rights of the parties to labor relations, and create an effective HR management system in accordance with applicable labor law regulations.

• Accounting, tax calculation, preparation of financial and tax reports

We offer a comprehensive range of services in accounting, tax calculation, and the preparation of all necessary financial and tax reports. Our specialists ensure the accurate and timely reflection of financial transactions, competent tax calculation, and the preparation of reports in accordance with legislative requirements. Our service allows companies to focus on their core business, reducing the risk of tax errors and penalties, ensuring transparency and compliance with financial reporting standards.

• Maintaining HR documentation and payroll calculation

HR documentation and payroll services include maintaining personnel records, drafting employment contracts, recording working hours, and calculating salaries, vacation, sick leave, and other employee benefits. We assure compliance with labor legislation and facilitate the timely submission of reports to state authorities. Our specialists can assist in optimizing HR management processes, minimizing the risk of errors, and ensuring the accuracy of calculations, which helps to increase employee confidence and improve internal controls.

• Recovery of accounting, financial and tax reporting

The service of restoring accounting and reporting is aimed at putting the company's financial records in order in case of loss, errors or poor accounting practices . Our specialists conduct a thorough review, recreate missing data, correct errors and prepare correct accounting and tax reporting in accordance with legal requirements. Restoring accounting helps avoid fines and penalties, as well as ensuring financial transparency and accuracy, which are essential for successful business operations.

• Transformation of the RAS financial statements into the IFRS format

The process of transforming financial statements from Russian Accounting Standards (RAS) to International Financial Reporting Standards (IFRS) involves the re-compilation of a company's financial statements to align them with international standards and requirements. This service includes recalculation of financial indicators, adjustment of accounting for assets, liabilities, and equity, as well as formatting the statements in a way that is understandable for international investors and partners. Transformation of financial statements enables companies to enhance transparency, facilitate access to foreign capital markets, and reinforce the confidence of foreign investors and creditors.

• Financial Due Diligence

Financial due diligence is an in-depth analysis of a company's financial status, usually conducted prior to a merger, acquisition or investment transaction. This service includes a comprehensive review of financial statements, valuation of assets and liabilities, cash flow and profitability analysis. The purpose of financial due diligence is to identify all financial risks and potential “hidden” issues that could affect the valuation of the company and the outcome of the transaction. This process enables investors and potential buyers to make well-informed decisions based on a comprehensive and accurate understanding of the financial health of the target company.

• Tax Due Diligence

Tax due diligence is a comprehensive examination of a company's tax status, typically conducted before financial transactions such as acquisitions, mergers, or other forms of investment. The process entails a comprehensive examination of all tax liabilities, an evaluation of the risks associated with tax positions, a verification of tax compliance, and an identification of potential tax liabilities. The objective of tax due diligence is to provide potential buyers or investors with a comprehensive understanding of the tax aspects associated with a business, including any potential tax risks and liabilities that may influence investment decisions and the overall value of the transaction.