The State Duma exempted small businesses from the mandatory financial audit
The State Duma adopted a law exempting small businesses from auditing.
The mandatory audit must be conducted only by:
1. Organizations, if their securities are traded; 2. Funds, if the receipt of property or cash for the year preceding the reporting year exceeds 3 million rubles. 3. Organizations that meet at least one of the following conditions:
income from business activities for the previous year is more than 800 million rubles;
the amount of assets in the balance sheet is more than 400 million rubles.
4. Organizations that are professional participants in the securities market, credit bureaus.