Agreed-upon procedures for check of the accounting reports of affiliated company (component audit)

Our steps

• Check of correctness of indication of facts of economic activities of the company on accounts.
• Check of correctness of formation of adjusting entries.
• Check of correctness of data indication in reports in accordance with IFRS and demands of the parent company.
• Participation in inventory of ending inventories with a purpose of confirmation of data on stores indicated in the company’s reports.
• Cooperation with the auditor of the parent company of the group of companies (Ernst & Young).

Outcome

Report on results of conducted agreed-upon procedures, namely: procedures on correctness of indication of information of the affiliated company in the reports executed in accordance with demands of IFRS and provisions of accounting policy of the group of companies.

goal

Check of reports of the affiliated company for compliance with demands of accounting policy of group of companies in accordance with IFRS.