Additional Statutory Audit Obligations

EMG would like to remind you that starting from October 1, 2016, companies subject to a statutory audit are obliged to enter information on the results of the statutory audit of accounting (financial) statements in the Unified Federal Register during 3 working days since the issuance of the auditor's report. The following information should be provided by the audited entity:

  • comprehensive information about the audited entity (INN, OGRN, SNILS if any),
  • information about the auditor (organization or individual),
  • list of the accounting (financial) statements of the audited entity in respect of which the statutory audit was conducted, and the period for which the report was compiled and the date of the auditor’s report and
  • opinion of the auditor about the reliability of the accounting (financial) statements, indicating the circumstances that have or may have a significant impact on the reliability of such statements.

To log in and submit information it is necessary to obtain a certificate of electronic signature verification key, issued by an authorized certification center. An electronic signature is issued for the General Director of the audited entity or a representative by power of attorney.

Failure to submit or submission of false information in the Unified Federal Register shall entail a fine on officials in the amount from 5 000 to 10 000 rubles for the initial violation, and from 10 000 to 50 000 for repeated violation or disqualification for a period from 1 year to 3 years.


Olga Semenova
Partner. Chief Operating Officer
Anna Fadeeva
Lead Auditor