Foreign auditors will not be allowed to access classified information

23.05.2021

The Ministry of Finance explained the Government’s decree, which restricted access to classified information for auditors controlled by foreign companies. To access such information, it is proposed to involve auditors who have access.

Most of the major auditors in the country are controlled by Russian legal entities and individuals, but they work under foreign brands and are members of international partnerships. In fact, they work on a franchise.

The Ministry of Finance’s clarification corrects this interpretation. There is still a risk that the new regulation will restrict the access of an audit firm to client’s information.

The Ministry of Finance explains that if the auditor cannot receive certain information from its client, it is not necessary to terminate the contract with him. It is enough to involve another auditor, who does not have a ban on access.

Please be informed that our company has moved to a new office. 

It is located at 23, 1st Tverskaya-Yamskaya str., Moscow, building 1 (Business Center «Parus»), 4th entrance, 4th floor, office 17.

New phone number: 8 (495) 797-10-99.

We look forward to seeing you in our new cozy office!

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