Baker Tilly Russaudit. Firm profile

Transcription

1 Firm profile

2 Firm profile 1 General Information Baker Tilly International global network Baker Tilly International is one of the world's leading networks of independently owned and managed accountancy and business advisory firms united by a commitment to provide exceptional client service. Every day, 27,000 people in 137 countries in 738 offices worldwide help privately held businesses and public interest entities meet challenges, proactively respond to opportunities and stay competitive. International capability and global consistency of service are central to the way we work. It is the strong relationships between member firms that are the key factors that enable us to overcome time and cross border complexities to deliver a quality service. Baker Tilly in Russia is an independent member of Baker Tilly International. ( provides assurance, valuation, tax, legal and advisory services tailored to the needs of various industries. has been working in Russia since 1992 and for more than 20 years enjoys an unrivalled reputation among clients. TOP PROFESSIONAL SERVICE NETWORKS N Name 1 Deloitte 2 PwC 3 EY 4 KPMG 5 BDO 6 Grant Thornton International 7 RSM International 8 Baker Tilly International 9 Crowe Horwath International 10 Nexia International 11 Moore Stephens International 12 PKF International Source: International Accounting Bulletin, years in Russia Our client base in Russia comprises over 1,000 companies. We are proud of the trust we have earned from shareholders and the top management of our clients for such a long period of time. Over 200 professionals working in our offices in Moscow, St. Petersburg and Nizhny Novgorod share their thinking, industry experience and creativity to develop unique solutions and practical advice for our clients, adding real value to their businesses and dealing with their risks. We provide services: Throughout Russia from our offices in Moscow, Saint Petersburg and Nizhny Novgorod, Throughout the EMEA region providing seamless integration of solutions in offices with which we cultivate particularly close relations through regional committees, and Globally as an independent member of Baker Tilly International, where once again we know our partners from firms all over the world personally from the time invested into meeting them every year. We have been ranked in the top: 5 investment auditors Rating Expert RA, appraisers and valuers Rating of the advisory services market, Kommersant-Money, firms providing services related to International Financial Reporting Standards (IFRS) Rating Expert RA, leading assurance companies in Russia Rating of 50 largest auditing firms, Kommersant- Money, 2014

3 Firm profile 2 Why Baker Tilly? Eights largest accountancy and consulting network in the world in 2014 (International Accounting Bulletin); Membership of each member-firm in the global network is a guarantee that the services provided comply with the high standards of Baker Tilly International; Consistent quality around the world thanks to strict control and risk management procedures; Global knowledge database, audit documentation methodology developed by Baker Tilly International member firms; Being local: 22 years in Russia - working since 1992 and enjoying excellent reputation among more than 1000 Clients - small, medium and large international and domestic companies from all sectors; Highly qualified professionals with a solid record of industry specific experience; One of the Top 20 among the major audit firms in terms of fee income in 2013 (Kommersant-Money, 2014); Audit reports signed by are accepted by exchange regulators for the purposes of public offerings; Client proximity: focus on the Clients needs, client-responsive attitude and deep partner s involvement. We devote all the necessary time to learn about our Clients' businesses, needs, aims and ambitions; The ability to determine decisions on the fly to suit our clients needs; We remain focused on helping our Clients navigate the ever-changing economic and market conditions by providing high quality advice to help them meet their objectives. Why do clients value? In-depth professional expertise and extensive technical knowledge as auditors and consultants. Strategic and tactical advice, proven through practical application. Ability to tap into the experience and knowledge of an extensive global network. Professional independence and integrity. The World Bank and European Bank for Reconstruction and Development (EBRD) included in the list of providers of professional audit and consulting services. Membership of Russian auditors SRO (self-regulatory organisation) Founder and member of SRO Institute of Professional Auditors (IPA); Association of Professional valuers SMAO, non-profit Partnership; Russian Society of Valuers, all-russian public organization; The Association of European Businesses (AEB). Valuation is one of the specialisms of and Valuation Department of Baker Tilly Russaudit has successfully cooperated with Big Four auditors for a long time. Valuation Reports of Baker Tilly Russaudit are regularly examined by the self-regulated organizations of valuers SMAO and RSA.

4 Firm profile 3 Staff professional qualification The Firms specialists are true experts in their field with the knowledge of the specifics of the Russian market and international practice, and experience in realization of large projects. employed more than 200 professionals. They include: more than 50 employees hold RAS audit licenses; more than 30 employees are ACCA, CPA, DipIFR qualified; 2 members of RICS (Royal Institution of Chartered Surveyors); and more than 20 hold Valuer s Certificates. Accreditation for the provision of valuation services: AFK Sistema Atomenergoprom FSUE "FT-Center" Gazprom Holding MRSK Rusatom Russian Railways (RZD) State Corporation Rostec Sheremetyevo International Airport United Shipbuilding Corporation (OSK) Bank partners of in Russia: Alfa-Bank BTA Bank Gazprombank EBRD Evrofinance Mosnarbank North-Western regional Centre of JSC VTB Bank Rietumu Banka Russian Agricultural Bank Sberbank Uralsib Vnesheconombank VTB-24 World Bank Our partners in M&A and capital markets in Russia: Private Equity Funds Aton Capital Partners CapMan Mint Capital Russia Partners Skyline Capital Partners United Capital Partners VIYM Banks Gazprombank EBRD IFC Otkritie FC Bank Promsvyazbank Raiffeisen Bank Citibank Independent quality control Within the frameworks of control exercised by external authorities, submits its annual performance reports to the Ministry of Finance of the Russian Federation and NP Institute of Professional Auditors. In addition,, has successfully passed the following controls: Audit assurance and compliance with the professional ethics examination conducted by the Self-regulated organisation of the auditors Institute of Professional Auditors (IPA) in 2013; Examination by the Federal Service for Financial and Budgetary Supervision in 2013; Examination of audit assurance and professional services conducted by Baker Tilly International in Professional liability insurance Auditors professional liability as well as valuers professional and additional liability of the Firm are insured by AlfaStrakhovanie (one of the largest Russian insurance companies). For many years, Baker Tilly Russaudit has been co-operating with Russia s largest investment banks, exchanges, and investment companies and offers support services to M&As, preparing businesses for IPOs as well as for other external finance raising projects.

5 Firm profile 4 Our Services Auditing and assurance Audit-related services Audit of financial statements in accordance with International Standards on Auditing (ISA) Audit of financial statements prepared in accordance with Russian Accounting Standards Compilation of financial statements in accordance with International Financial Reporting Standards (IFRS) Introducing IFRS, including restatement system, trainings in complex IFRS issues Audit of exchanges, extra-budgetary funds and investment institutions IT controls assurance Trainings for company specialists in complex IFRS issues Corporate finance Valuation Lead Advisory Assistance Raising equity capital Financial advisory Private placement IPOs Mergers & Acquisitions Transaction support Due Diligence Vendor Due Diligence Vendor Assistance Post-acquisition review Valuation of assets and liabilities within the framework of developing financial statements in accordance with IFRS and US GAAP Valuation of companies of various types, both equity stakes and other securities Valuation of intellectual property (brands, know-how, innovations, licenses, client bases) Valuation of immovable property and large property complexes (including land, construction-in-progress) Valuation of equipment and other movable property, as well as works and services Expert examination of financial projects and calculations, reviews of valuation reports Property inventory taking Tax and accounting services Legal services Tax planning Legal consulting Tax compliance Examination of tax risks Accounting and tax consulting Development and expert examination of the accounting policies in part of tax accounting and book-keeping Tax due diligence of transactions, development of transactions and business relations design Representing interests before the arbitration courts and the tax authorities in tax disputes Tax Due Diligence Development and expert examination of deeds and contracts Legal development and support to the business and assets buying/selling transactions Development of the schemes of business relations, assets ownership structure with involvement of Russian and international companies Consulting of the currency legislation, exchange risk management Legal Due Diligence Client representation in arbitration courts

6 Firm profile 5 Forensic services Internal audit Review of financial and economic operations of our clients to their benefit, fraud identification Examining appropriate/adequate disclosure of material economic transactions in accounting Analysis of assets siphoning-off/misappropriation schemes Outsourcing and co-sourcing of internal audit Risks analysis and control Organising plan systems, budgeting and control Analysis of companies business and creating pricing models Business process outsourcing Full range of business processes outsourcing services for foreign companies in Russia Accounting and bookkeeping of all business activity transactions Preparation all initial accounting documents Full payroll services Calculation of wages, bonuses, deductions and other payments Drafting and submission of monthly, quarterly and annual reports Corporate legal services Registration of Russian legal entities, accreditation of representative and branch office of foreign companies in Russia Preparation of all necessary documents for bank payroll cards Drafting and submitting annual income tax returns Reorganising and closing companies and branch offices Full HR-administration services Creating your internal accounting department Documents flow organization, creating internal reports forms and other documents Making all HR documents and labour contracts, filling in and keeping labour books Making all necessary documents Providing an internal audit of HR-documents, providing consultancy about labour law Сreating job descriptions, testing and recruiting chief accountant, forming a high-performing, tailor-made team Accounting and payroll automation Issues Doing business in Russia Assistance in decision making, business plan preparation, feasibility study, information gathering and research Assistance in selecting a place of business Identifying companies for acquisition and assistance in acquisition Business structuring Tax planning of entry into the market Obtaining visas and work permits, assistance in office selection Assistance in staff recruitment Accounting, tax returns and other compliance matters Background checks on prospective partners

7 Firm profile 6 Our Industries Construction and development Food industry Chemical Investment companies and exchanges Mass media Metals and mining Retail Transport Energy Industrial manufacturing IT & Telecommunication Machine building Oil & Gas Pharma and healthcare Utilities

8 Head Office bl.8, 5а, Novodmitrovskaya Street Moscow Russia T: +7 (495) F: +7 (495) Baker Tilly International Juxon House 100 St Paul s Churchyard London EC4M 8BU United Kingdom T: +44 (0) F: +44 (0) St.Petersburg Office Liter О 266, Ligovsky Prospekt St. Petersburg Russia Т: +7 (812) F: +7 (812) info.spb@bakertilly.ru Nizhny Novgorod Office 7a, Krasnozvezdnaya Street. Nizhny Novgorod Russia Т/F: +7 (831) Т/F: +7 (831) Т/F: +7 (831) info.nn@bakertilly.ru is an independent member of Baker Tilly International. Baker Tilly International Limited is an English company. Baker Tilly International provides no professional services to clients. Each member firm is a separate and independent legal entity and each describes itself as such. Baker Tilly UK Group LLP, the independent member of Baker Tilly International in the United Kingdom, is the owner of the Baker Tilly trademark. is not Baker Tilly International's agent and does not have the authority to bind Baker Tilly International or act on Baker Tilly International's behalf. None of Baker Tilly International,, nor any of the other member firms of Baker Tilly International has any liability for each other's acts or omissions. In addition, neither Baker Tilly International nor any other member firm has a right to exercise management control over any other member firm. 2014