Federal Law " On Amendments to Article 5 of the Federal Law «On Auditing».

Federal Law No. 476-FZ " On Amendments to Article 5 of the Federal Law «On Auditing» was signed on 29.12.2020.

New criteria for mandatory audit:

  • revenue — from 800 million rubles;
  • assets of the balance sheet — from 400 million rubles.

Also, there is a clarification that establishes a mandatory audit of funds if they received property and cash in the previous year in the amount of more than 3 million rubles.

In the new version of the mandatory audit list, there is no mention of organizations that have the legal form of a joint-stock company.

The law comes into force on January 1, 2021.