Moscow Auditors Chamber

Опубликовано: 20 Сентября 2010

On 3 October 2001, an extended Board meeting discussed tasks faced by members of the Moscow Auditors’ Chamber (MAC) in the light of the Federal Auditing Law. The meeting also addressed further implementation of intra-firm standards as developed by the Chamber’s task force, professional development of auditors, improvement of quality control for audit work of auditors and audit firms providing services to economic entities in Moscow region.

In his speech to Board members and representatives of professional commissions, Mr. V.I. Kolbasin, MAC Chairman, focused on audits of federal and Moscow City government unitary [100% state-owned] enterprises to be performed under the Russian Government Resolution #81, dated 29 January 2000, and Moscow Government Premier Directive #1096-RP, dated 3 November 2000.

The MAC Board decided to admit nine out of seventeen audit firms that applied for membership with MAC: OOO Trian audit and consulting firm, OOO Market Audit, OOO On-line Audit, ZAO Audit and Consulting, OOO OLENT audit firm, OOO VESMI-AUDIT, ZAO BUSINESS-AUDIT, ZAO SV-Audit, OOO Center for Financial Consulting and Audit. It was suggested that other firms should revise their documents to be considered at the next meeting.

OOO Dinas-Audit, OOO OSBI audit firm, ZAO AUDITINFORM, ZAO RUSPROMAUDIT, ZAO MBB-Audit consulting group provided all the required documents and were included in the Moscow City Register of Respectable Audit Firms.

Due to the adoption of the Federal Auditing Law requiring audit firms to take out professional indemnity insurance in cases where statutory audit engagements are performed, Yu. Starovoitov, Chairman of the Insurance Commission, was instructed to suggest for the Board’s approval a list of insurance companies that have sufficient experience in insuring audit firms. After the Board approves these insurance companies and enters into mutually beneficial agreements with them, it will be recommended that audit firms of the Moscow region, primarily MAC members, should enter into insurance contracts with these insurance companies. Ms. O.M. Ionova (ZAO Ruspromaudit) was approved to be Chairman of the Commission for Control of Professional Conduct. Ms. E. Bezrukova (OOO Etalon-Audit), Board member, will supervise this area.