Заголовок презентации
Information on FBK
www.fbk.ru
Moscow · 2011
FBK
Founded in 1990
One of the leading audit and consulting companies
Recognized throughout the world
A member of PKF International Ltd.
Diploma of RA Expert in nomination
“Market Leader in terms of Volume of Business” (2009)
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2
FBK – a member of PKF International Limited
PKF International (PKFI) is a network
of legally independent member firms
The 10th largest global accountancy network in 2010
(according to International Accounting Bulletin January 2011)
Representation in around 125 countries
Over 245 Member and Correspondent firms located in over
400 offices
Founded in 1969
Over 17, 600 staff employed by PKF International
Member firms
PKF International Ltd is a member of the Forum of Firms
within the International Federation of Certified Accountants
(IFAC)
President of FBK Sergey Shapiguzov is a member of PKFI
European, Middle East and India Regional Board
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3
FBK (PKF) – International company
Experts with ACCA, CPA qualification
Our methods and techniques meet international standards
and market requirements
Joint projects with the Big Four
Working with the western market entry projects (IPO, bonds)
Working with international investment companies
Working with international rating agencies
Large-scale IFRS projects
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4
FBK (PKF) – International company
At the moment FBK is a leading Russian company
in terms of quality of projects implemented for international
organizations.
Over 250 projects so far.
We are working on different projects financed by:
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TACIS
UNESCO
DFID
CIDA
EBRD
IBRD
5
Partners working under FBK brand
FBK –Povolzhje
(Kazan, Republic of Tatarstan)
FBK Yuzhny Ural
(Zlatoust, Chelyabinsk region)
FBK Bel
(Minsk, Belarus)
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FBK in regions
Cooperation agreement:
DSS Consulting
(Saint-Petersburg)
ARKO Audit (Novosibirsk)
Ekaterinburg Audit Center
(Ekaterinburg)
SAPA Audit
(Almaty, Republic of Kazakhstan)
Auditinform (Kurgan)
Blackstone Capital
(Astana, Republic of Kazakhstan)
Mak Alyans Audit
(Tashkent, Republic of Uzbekistan)
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Realization of joint projects:
Expert-Auditor (Ryazan)
Etalon (Cheboksary)
Prioritet (Yaroslavl)
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FBK is a diversified company
FBK audit company
FBK Consulting
Economic and law school FBK (ELS FBK)
FBK-Legal Moscow Bar
Personnel consulting agency «FBK-Personnel»
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Advantages in competition
— Impeccable business reputation
— Experience in working with the companies which are up
to the world standards
— Quality of our services recognized by business leaders
— A variety of professional services
— Known as influential think tank,
enlightener and educational centre
— Unique methods and techniques
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Advantages in competition
— High skilled experts proficient in different
areas of professional services
— Combination of professional expertise and range of skills
required to understand related objectives and problems
— Cumulative and integrated practical experience
— Working techniques enhancing project efficiency
— Support from auditors, accountants,
appraisers etc.
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Mission
FBK mission is far beyond professional
service delivery — we are seeking
to contribute in market-oriented economy
in Russia in every possible way.
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FBK – one of the leading companies in terms
of implementing international projects
FBK Company often takes part in important projects supporting
reforms of government administration and national economy.
The most considerable of them are as follows:
– TACIS Project “Administrative Reform 2. Government Civil Service Reform”
jointly with DFID Project “Administrative Reform”;
– TACIS Project “Accounting Reform in Russian Federation III”
(in consortium with PricewaterhouseCoopers);
– Project “Development of Strategy for Russian Enterprise Support in Transition towards IFRS
(in consortium with International Centre for Accounting reform (ICAR));
– TACIS Projects in Russia: “Russian Audit Reform”, “Insolvency Phase II: Efficiency of Insolvency
Procedures”, “Supporting Public Service Reform (Administrative Reform 2)”;
– “Comprehensive Financial Review of the Pension Fund of the Russian Federation”
(jointly with Ernst & Young);
– The Program of Federal Railway Transport Structural Reform;
– “The RF Treasury System Modernization” (jointly with IBS);
– DFID-financed “Technical Assistance to Russian Regional Finance Reform”
(the Department for International Development, UK);
– Project for International air transport association (IATA) to bring Russian standards
of Air-Tickets’ form in correspondence with the international requirements;
– Elaboration of solutions for building at the RF Ministry for Finance the system of evaluation and
monitoring of subnational projects of Eurasian Development Bank (in consortium with KPMG).
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FBK has unique experience in working with
the leading companies of Russian economy
FBK has been successfully working with leading Russian and international
companies in strategic industries for over 16 years.
FBK’s clients include
Gazprom, Rosneft, Rosneftegaz, Gazprom Neft, Transneft, ALROSA,
Russian Railways, leading companies in the electricity generating industry
(FSK, OGK 1, OGK 3, TGK 2, TGK 10, IDGC Holding, IDGC of the Center,
IDGC of the Ural, IDGC of the North-West, IDGC of the South,
IDGC Volga etc.), EVRAZ Group, Novolipetsk Metallurgical Works, OMC,
Magnitogorsk Metallurgical Works, Olimpstroy, Deposit Insurance Agency,
Rustechnologies, Sovcomflot, RUSNANO, and many others.
More than 350 projects have been implemented for GAZPROM and its
subsidiaries since 1996.
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FBK takes part in the process of economic
and governmental administration reform
High qualification and great practical experience of our experts allow
FBK participate in the main projects of economic reform in Russia.
Services are elaborated considering practice of effective business
development and specifics of public sphere that allows our clients to
overcome any possible hurdles of the reform.
FBK implemented projects for the following
Governmental Offices
The RF Presidential Executive Office, The RF Government Executive Office, Accounts
Chamber of the Russian Federation, Ministry of Finance of the Russian Federation, Federal
Service of Financial and Budgetary Oversight, Federal Treasury, Federal Tax Service,
Ministry of Economic Development of the Russian Federation, Ministry of Agriculture of the
Russian Federation, Ministry of Health and Social Development of the Russian Federation,
Federal Labor and Employment Service etc.,
Regional Public Authorities of
Republic of Bashkortostan, Komi Republic, Republic of Tatarstan, Chuvash Republic,
Udmurtian Republic, Astrakhan Region, Vologda Region, Irkutsk Region, Nizhny Novgorod
Region, Novgorod Region, Tver Region, Chelyabinsk Region and other RF constituent
entities.
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Membership of recognized national
and international organizations
FBK Company is a member of:
– PKF International Limited (www.pkf.com);
– Non-Commercial Partnership “The Audit Chamber of Russia” (NP APR)
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(www.new.aprussia.ru);
Association of Russian Banks (www.arb.ru);
Association of Regional Banks of Russia “Rossiya” (www.asros.ru);
Association of Managers of Russia (www.amr.ru);
The Russian Union of Industrialists and Entrepreneurs (www.rspp.ru).
Since 2002 FBK has been a member of Non-commercial partnership
Partnership for Supporting Valuation Companies Accredited by the
Russian Appraisers Association and is actively engaged in activities
of professional associations of appraisers.
ELS FBK is a member of Russian Association of Business Education
(RABE) (www.rabe.ru)
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Audit
Services
FBK’s organizational structure and services
1.
Area
The General Audit Department
Audit services (except fuel-and-energy, metallurgical enterprises and
financial institutions);
Audit-related bookkeeping and tax accounting advisory services.
2.
3.
4.
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Department
The Energy Audit Department
The Metallurgical Entities Audit
Department
The Audit and Consulting
Services to Financial Institutions
Department
5.
The International Financial
Reporting Department
6.
The Insurance Audit Department
Audit services to enterprises operating in the fuel-and-energy sector;
Audit-related bookkeeping and tax accounting advisory services.
Audit services to metallurgical enterprises;
Audit-related bookkeeping and tax accounting advisory services.
Audit services to financial institutions;
Audit-related bookkeeping and tax accounting advisory services.
Audit of IFRS-compliant financial statements.
Audit services to insurance companies;
Audit-related bookkeeping and tax accounting advisory services
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FBK’s organizational structure and services
Consulting
Services
CОNTINUE
1.
2.
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Department
Area
The Financial Consulting
Department
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–
–
–
–
The Audit and Consulting
Services to Financial
Institutions Department
Financial consulting for banks and financial institutions:
– Analysis of company investment attractiveness;
– Analysis of credit organization’s assets;
– Analysis of net assets;
– Financial and economic analysis of company activity;
– Formation of a business-plan within development of certain services.
The Management
Consulting Department
–
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The Audit and Consulting
Services to Financial
Institutions Department
– Consultations on the Effective
– Management consulting for banks and financial institutions:
Counteracting Legalization (Money
– Consulting services in the field of management of capital;
Laundering) of Proceeds from Crime
– Elaboration of development strategy and definition of strategic indicators;
and Terrorism Financing;
– Development of management system for a credit organization;
– Operational audit and optimization
– Arrangement of internal control system;
of business processes for banks
– Analysis and development of financial organizations’ internal documents;
and financial institutions;
– Optimization of organizational structure;
– Implementation and support of the
automated software assessing
– Support of registration procedures for financial organizations;
borrower’s credit risks (ASOKR);
– Analysis and development of management accounting systems;
– Risk management services, analysis and risk map generation.
Diagnostics of business and financial performance;
Conduct of pre-investment studies (Due Diligence);
Reorganization of holding structures;
Marketing research;
Cost management.
Elaboration of business development strategies;
Building management system on the basis of KPI or BSC;
Establishment of management accounting and budgeting systems;
Development and expertise of business plans, feasibility studies, investment memoranda;
Optimization of organizational structure and management system;
Optimization and re-engineering of business processes;
Development of personnel motivation system.
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FBK’s organizational structure and services
Consulting
Services
CОNTINUE
Department
3
The Corporate
Management System
Department
Area
– IT-consulting. Advisory in the field of building corporate management system;
– Implementation of SAP business applications;
– Implementation of business applications;
– Implementation of Microsoft business applications;
– Project solutions, including:
4
The Accounting Advisory
Department
–
Implementation of ERP systems;
–
Implementation of automated budgeting and management system based on KPI;
–
Implementation of automated system for preparing reporting under IFRS;
–
Implementation of automated system for preparing consolidated reporting under RAS and
IFRS.
– Modernization of accounting systems and their elements in the framework of
implementation of corporate management systems;
– Elaboration of methodology of reduction of time needed for reporting compilation;
– Reorganization of accounting function in the framework of restructuring and/or extension of
business;
– Accounting outsourcing, accounting reconstruction;
– Evaluation of efficiency of organization of accounting function in holdings;
– Evaluation and enhancement of internal control systems;
– Advice in accounting and compilation of reporting.
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FBK’s organizational structure and services
Tax and Legal
Services
Valuation
Services
CОNTINUE
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Department
1
The Tax and Legal Department
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The Audit and Consulting Services to
Financial Institutions Department
–
Department
1
Area
The Valuation Department
Tax advice;
Tax litigation;
Corporate practice;
Financial investigations;
Forensic inquiry.
Tax consulting for banks and financial institutions:
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Tax audit;
Arrangement of tax accounting;
Development of tax strategy;
Consulting in the field of taxes and taxation;
Holding of workshops devoted to the urgent issues of tax legislation and tax
accounting;
– Representation of our clients’ interests in court.
Area
–
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–
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Business valuation;
Valuation for IFRS and US GAAP reporting purposes;
Intangible assets valuation;
Real estate and movable assets valuation;
Assets revaluation in compliance with RAS;
Construction expertise.
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FBK’s organizational structure and services
M&A
for Public
Sector
Consulting
Services
Corporate
Finance Services
CОNTINUE
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Department
1
The Corporate Finance and Capital
Markets Department
Area
–
–
–
–
–
The Audit and Consulting Services to
Financial Institutions Department
Department
1
The Public Sector Consulting
Department
–
Corporate finance services, M&A transactions;
Consulting support in the field of private offering;
Greenfield projects consultancy;
Services in the field of project financing, including attracting
investments in projects, projects of private public partnership;
Capital markets (consulting on minority interest).
Support of M&A for banks and financial institutions:
– Representation of buyers’ or sellers’ interests;
– Due diligence of companies that are objects of investment;
– Financial, tax and legal review (due diligence) of purchased financial
organizations;
– Rendering of consulting services aimed at decrease of risks originating
during such transactions.
Area
– Development of regional development programs;
– Creation of favorable investment climate Regional finance system
reforming;
– Organization of efficient system for budgeting process management;
– Transformation of budget reporting into compliance with the
international standards.
20
FBK’s organizational structure and services
Services
IFRS
CОNTINUE
Department
1
The International Financial
Reporting Department
Area
IFRS services provided by FBK to the organizations:
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The Audit and Consulting
Services to Financial
Institutions Department
IFRS services provided by FBK to the credit and financial institutions:
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Development and testing of particular documents, such as IFRS accounting policies,
pro forma financial statements, chart of accounts, IFRS disclosure Checklists;
Preparation of individual and consolidated financial statements followed by providing
all the working documents and files to the client;
Preparation of combined IFRS financial statements for the companies under common
control followed by providing all the working documents and files to the client;
Development of IFRS consolidation packages for the Groups' parent companies;
Presentation of IFRS financial statements to auditors, investment banks, rating
agencies, creditors, investors and other concerned parties;
Appointment of qualified personnel for the purpose of IFRS financial statements
preparation (outstaffing).
Organization of seminars and consulting provided to bank personnel on the
international standards issues for the purposes of the preparation of financial
standards compliant with the international standards ;
Services concerned with the transformation of a bank's financial (accounting)
statements to IFRS;
Implementation of computer-aided system for the preparation of IFRS-compliant
statements by the credit organizations (CAS PS);
Implementation of computer-aided system for credit risk assessment and valuation for
loans by the credit organizations;
Outsourcing of the preparation of obligatory reporting compliant with IFRS,
Implementation and support of the automated system for drawing of reporting for
credit organizations (ASPO).
21
FBK’s organizational structure and services
Strategic
Analysis
Information
Security
CОNTINUE
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Department
1
The Audit and Consulting Services
to Financial Institutions Department
Area
Consultations on evaluation of the effective organization of the bank’s
information security system:
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–
Department
1
The Public Sector Consulting
Department
All-round information security and personal data security ensuring;
Information security system testing in accordance to:
– Federal Law 152-FZ “Of Personal Data”
– The Bank of Russia Standard (STO BR IBBS-1.0)
– Information security policy and internal documentation elaboration.
Area
Services in strategic consulting:
Strategic analysis:
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Macroeconomic research and forecasting;
Topic-oriented analytical research;
Consultancy on business development strategy;
Institutional analysis;
Preparing and conducting expertise of financial and economic feasibility
of draft legislations;
– Consultancy on issues of regional and municipal development.
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FBK’s organizational structure and services
Business
Education
CОNTINUE
Department
1
School FBK
Key areas of training expertise:
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The Audit and Consulting
Services to Financial
Institutions Department
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Area
Financial management;
Accounting and financial reporting;
Tax accounting;
Taxation and law;
Audit;
Banking;
Information technologies in business management;
Strategic analysis and macroeconomic research;
International qualifications: DipIFR, IAB.
We conduct workshops and trainings aimed at training and
consulting of credit institutions’ personnel in drawing of IFRScompliant reporting, as well as on urgent issues of tax legislation
and tax accounting.
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Project implementation stages. FBK
• Stating the project’s tasks and objectives, determining the form for result delivery;
• Appointing the project supervisors from company top-managers
• Appointing quality inspectors out of the lead experts from corresponding profile departments
• Drawing up the project schedule
• Determining quantitative and qualitative set of experts,
determining data and material resources required
• Generating the project’s budget
• Implementing the project, providing current control by project managers and supervisors
• Recording the results, further control by quality inspectors and project supervisors,
engaging experts from the standing Committees if needed
• Updating project results
• Presenting results to the Client
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Client Servicing Philosophy
The FBK management cares
deeply about ensuring required
and adequate guarantees to our
customers.
Our company therefore observes statutory requirements
and restrictions laid down by current Russian legislation
and International Standards on Auditing, as well as the
performance criteria of professional associations and our
own corporate standards.
The company also strictly observes professional principles
of ethics in everyday operations.
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Independence.
FBK is an independent company. We have adopted
instructions and standards ensuring staff independence in
delivering our professional services. Our audit and
consulting businesses are separated from each other
organizationally.
Integrity, impartiality.
Our lack of affiliation guarantees our customers an impartial,
unbiased and independent approach when addressing all
professional issues, making judgments and reaching
conclusions.
Confidentiality.
FBK strictly follows the principle of confidentiality. Our
security service and internal information storage and
protection system enabled FBK to obtain a license to work
with state and government secrets and secure repeated
extensions of the license.
25
Client servicing philosophy
Independence
CОNTINUE
FBK is an independent company both in terms of structure of its participants and
in terms of personnel. FBK has adopted instructions and standards ensuring staff
independence in delivering professional services.
Our audit and consulting businesses are separated from each other
organizationally.
Requirements towards FBK’s employee in terms of maintaining independence
and criteria confirming independence of employee are governed by regulatory
documents related to audit activity as well as international and domestic ethical
codes of auditors.
Every year all FBK’s employees:
• Fill in the receipt, confirming independence
from FBK clients, which list is maintained
in Lotus Notes database, available for the
employees;
Every year all LLC FBK partners:
• Fill in the receipt, confirming independence
from FBK’s clients;
• Provide data on changes in their
independence from FBK’s clients.
• Provide data on changes in employee’s
independence from LLC FBK clients.
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Client servicing philosophy
Honesty, objectivity, professional behavior norms
CОNTINUE
Objectivity principle imposes on the auditors an obligation to be
impartial, have professional honesty and not to have conflicts of
interests when performing professional duties.
In our activity we strictly observe all requirements of the current
legislation and the controlling bodies. We avoid any activities that
may harm our reputation and discredit us as professionals.
At least once a year all auditors and experts fill in the set forms
confirming that they observe FBK’s requirements and procedures
in terms of principles of honesty, objectivity and provisions of
professional behavior. Auditors and experts are completely liable
for correct nature of data they provide.
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Client servicing philosophy
Professional competence
CОNTINUE
FBK was incorporated
by employees of
Accounting and Audit
Chair of Department of
Economics of Moscow
State University. And
still, leading Russian
higher education
establishments remain
the Company’s source
of manpower.
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At the moment, among FBK staff there are:
–
–
2 Doctors of Sciences;
25 Candidates of Sciences
(Ph.D equivalent);
– 117 Certified Auditors;
–
48 professionals with ACCA
diplomas(DipIFR);
–
32 professionals with IAB diplomas;
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27 IAB certified specialists;
–
11 Certified Professional Accountants
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Client servicing philosophy
Confidentiality
CОNTINUE
FBK strictly follows the principle of confidentiality
Our security service and internal information storage and protection
system made it possible for FBK to obtain a license for working with
state and government secrets and secure repeated extensions of the
license.
Confidentiality requirements are contained in confidentiality
agreements, signed with each employee when he/she gets employed.
Within its activity FBK has been observing confidentiality
requirements in terms of data received from the auditees in the
process of audit and the accompanying services. Before the Law On
Commercial Secret was enacted, the company had necessary
documents developed on this issue. When the above law became
effective, a corresponding Provision on Commercial Secret was
developed, that was timely added and amended under the renewed
legislation. It is mandatorily introduced to FBK’s employees.
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Quality Control over Audit
The purpose of quality control
is to improve and to standardize audit services’ quality and to decrease
audit risk through control within the audit and through independent control
Control over audit engagement execution during audit
is performed by auditor-in-charge who is responsible for audit, its quality
and work of all audit group members, as well as conducts preliminary,
ongoing and subsequent control over his/her group’s work. Control is
carried out at all audit stages, preliminary, ongoing and subsequent.
Independent control over audit quality
is conducted by quality inspector, who does not directly participate in
execution of audit engagement. The given control provides independent
assessment of due conclusions, which the group preparation of an audit
report is based on.
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Arrangement of Quality Control Over Audit Engagement Execution
Control by Auditor-in-charge
CОNTINUE
Auditor-in-charge ’s responsibility is strictly defined and notified to the auditorin-charge him/herself within corresponding intra-company instruction.
The identity and responsibility of auditor-in-charge are notified to the key
managers of the client.
The ongoing control over audit includes:
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
Inspection of audit group members in terms of professional skills necessary for
execution of entrusted work;
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
Inspection of comprehension of audit’s aims and objectives;
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Recording of audit;
Compliance of audit with audit’s general plan and program;
Revelation of accounting and audit material problems within the given inspection;
evaluation of these problems and corrective measures under the authorities of
general plan and audit program;
Achievement of audit procedures’ aim;
Making of decision within the limits of one’s authorities should there is no opportunity
for unambiguous determination of auditor’s operations procedures, or making of
decision on the necessity to consult.
31
Arrangement of Quality Control Over Audit Engagement Execution
Control by Quality Inspector
CОNTINUE
Quality Inspectors
are appointed from FBK’s employees who have the necessary
qualification.
The necessary qualification means availability of required
experience and authority suitable for objective assessment of
material estimations made by audit group members in audit
engagement and conclusions that are the basis for audit report.
Independent control over audit planning, execution
of audit procedures and preparation of final
documents is executed during audits.
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Arrangement of Quality Control Over Audit Engagement Execution
Monitoring Audit Quality Control System
CОNTINUE
Monitoring quality control system functioning takes place in FBK
minimum once a year in order to determine its suitability and efficiency
to provide audit quality.
The objective of monitoring is to provide assessment to:
 FBK’s activities compliance with professional standards and legislative
requirements;
 Correctness of development and efficiency of current quality control system;
 Correct application of procedures and policy of LLC FBK quality control, i.e.
to provide evaluation of audit reports confirming their appropriateness in the
given circumstances.
Monitoring is conducted by employees of department for methodology
(hereinafter – quality control group), i.e. independent employees who did
not participate in audit, who are not liable for its results, and who are not
quality control inspectors within the corresponding departments. Quality
control group is liable for its actions and reports before the audit partner
and LLC FBK Board of Partners.
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Limit of Liability
Under Federal law On audit activity N307-FZ and the applicable
regulations (standards) for audit activity approved by Commission for
audit activity under the President of the Russian Federation, audit
company is liable for poor quality execution of audits.
Property liability of FBK in the form of reimbursement of damage caused
to clients and the third parties by execution of professional audit activity
by FBK emerges if an error is made by FBK in the process of execution
of its professional obligations under the contract.
Considering the fact that audit activity is admittedly of risk nature, FBK
insures its professional auditor’s liability.
Under insurance policy and Regulations for insurance of professional
auditors’ activity, the object of insurance is FBK’s proprietary interests
related to its obligation to reimburse damage caused to the clients and
the third parties (affected) under the procedure set by legislation.
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34
Limit of Liability
CОNTINUE
Insured accident is an emerging obligation of the insured party to
reimburse damage caused to property interests of the beneficiary due to
errors, unintentionally made by the insured party (employees of the
insured party) in the course of execution of insured professional activities
Hence property liability of FBK is determined under procedure defined by
civil legislation of the Russian Federation on the basis of reasonable civil
legal claim or court’s decision entered into effect.
Usually when providing audit services the parties to the contract conclude
agreements on limitation of liability and procedure for use of such
limitation.
Risks of FBK audit activity are insured in Insurance joint-stock company
Ingosstrakh.
The amount of insurance coverage is 15,000,000 USD.
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35
FBK’s Major Clients
Rating position
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Expert-400 rating 2010
Years of service
1.
1
Gazprom
14 years (1996 – date)
2.
3
ROSNEFT Oil Company
14 years (1996 – date)
3.
4
Russian Railways
10 years (1998, 2001 – date)
4.
5
Sberbank of Russia
1 year (2009 - 2010)
5.
7
JSFC Sistema
4 years (2006 – date)
6.
9
MRSK Holding
2 years (2008 – date)
7.
11
VTB Bank
2 years (2008 – date)
8.
13
Transneft
10 years (2000 – date)
9.
15
EvrazGroup
10 years (2000 – date)
10.
19
Svyaz’invest Group
10 years (2000 – date)
11.
21
Gazprombank
6 years (2004 - date)
12.
22
Novolipetsk metallurgical works
6 years (2004 - date)
13.
23
Rosenergoatom Concern
4 years (2004, 2005, 2006, 2008)
36
FBK’s Major Clients
Rating position
www.fbk.ru
Expert-400 rating 2010
Years of service
14.
24
Mechel
6 years (2001, 2003 —2008)
15.
27
SIBUR Holding
4 years (2003 — 2006, 2008)
16.
28
Magnitogorsk Iron and Steel Works
3 years (2005 — 2008)
17.
29
TAIF Group
3 years (2005, 2006, date)
18.
31
MetalloInvest
9 years (2000— 2008, date)
19.
32
SUEK
3 years (2004, 2005, 2008)
20.
42
RusHydro
2 years (2008, 2010)
21.
44
United Metallurgical Company
3 years (2007 —date)
22.
48
AlfaBank Group
7 years (2001, 2004— date)
23.
49
AvtoVaz Group
6 years (1999, 2001—2004, 2008, 2009)
24.
50
Protek Group
7 years (2004 —2011)
37
Experience of providing services to MCC
EuroChem and to its structure's enterprises
Audited period
MCC EuroChem and its subsidiaries
MCC EuroChem
2003*, 2004*, 2006*, 2008, 2009, 2010
Nevinnomyssky Azot
2003*, 2004*, 2006*, 2008, 2009, 2010
NAK Azot
2003*, 2004*, 2008, 2009, 2010
EuroChem – Belorechenskie Minudobrenia
2003*, 2004*, 2008, 2009, 2010
Kovdorsky Mining-and-Processing
Integrated Works
Phosphorit Industrial Group
Agrosphera
EuroChem VolgaKaly
2003*, 2004*, 2006*, 2008, 2009, 2010
2003*, 2004*, 2008, 2009, 2010
2003*, 2004*
2008, 2009, 2010
* Tax audit
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References and recommendations of clients
ALROSA
Alrosa has been closely cooperating with your company in terms of accounting,
economy, optimization of taxation for over 10 years now.
Due to high professional level of your specialists in the field of audit and
accounting, taxation and law, property evaluation, analysis of economic activity,
we implemented projects that were of high importance for company’s economy.
You company has played a special role in formation of financial statements.
Certification provided by World bank in terms of audit of profitable projects, that
this large-scale company implements in Russia, is of special pride for the
company.
Alrosa highly appreciates the investment of your company within our cooperation
and hopes for strengthening and continuation of joint projects.
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References and recommendations of clients
OAO GAZPROM
Since 1996, within years of successful cooperation in the field of professional services,
FBK has become a reliable partner for Gazprom.
In these years OAO Gazprom and its affiliates used services of specialists from
various departments of FBK. Under contracts with Gazprom and its affiliates, FBK
specialists have conducted over 300 projects.
Consulting, legal and audit services provided by FBK, are of constant high
professional level.
OAO Gazprom is planning to continue its cooperation with FBK, the audit and
consulting company, and can recommend FBK
as highly professional and reliable partner.
www.fbk.ru
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References and recommendations of clients
EASTLINE
Representative office of Airport Management Company Limited
expresses its thanks to you and company employees for highly
professional and effective audit support of EAST LINE activity in
the previous year.
Due to your consultations and help of your employees we were
able to improve quality of EAST LINE group’s financial
statements.
We hope for further cooperation between our organizations.
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References and recommendations of clients
ISOVER
Herewith we confirm that LLC FBK has been providing audit and consulting services to
Saint-Gobain Isover RUSSIA group of companies since 1996.
For the whole period of cooperation with LLC FBK, we were able to make ourselves
sure in efficiency and high quality of services provided by this company. LLC FBK
conducts audits and provides consulting services in the field of accounting, taxation and
law.
A peculiarity of company’s work is complex approach to solving
of tasks, efficiency of professional services and high level of specialists. We would like
to note that LLC FBK is distinguished with operational flexibility and high quality of
consulting services
on the most complicated issues both in the field of accounting, taxation and law.
Saint-Gobain Isover RUSSIA is planning to continue its cooperation with LLC FBK, audit
and consulting company and recommends it as a reliable business partner.
www.fbk.ru
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References and recommendations of clients
PARMALAT
Since 1999, FBK has been providing audit and consulting services to OOO Parmalat MK.
For the whole period of cooperation with FBK were had an opportunity to assure in
efficiency and high quality of company’s services.
Under contracts with OOO Parmalat MK, FBK specialists provide the next services:
– Audit of financial statements;
– In the field of accounting, legal and tax consulting;
– In the field of representation of interests in tax disputes in tax bodies and in court.
Considering our multi-year experience of cooperation with FBK, we recommend it as
highly professional and reliable partner.
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References and recommendations of clients
SC OLIMPSTROY
FBK has been rendering audit and consulting services for SC Olimpstroy
since 2008.
Distinctive aspects of work of FBK are comprehensive approach to solution
of tasks set by SC Olimpstroy, effectiveness of professional services and
proficiency of FBK experts.
It ought to be noted that that responsiveness and high quality of consulting
services rendered with regard to complicated issues of accounting, taxation
and law distinguish FBK.
SC Olimpstroy recommends FBK as a reliable business partner.
Chief accountant
Karmanova V.A.
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References and recommendations of clients
EVRAZ GROUP
This letter is to confirm that FBK has been rendering audit and consulting
services to metallurgical and mining entities of Evraz Group since 2005.
In our cooperation with FBK we satisfied ourselves of efficiency and high
quality of services of this company.
We would like to note comprehensive approach to task solution and high
proficiency of FBK specialists.
We plan to continue our cooperation with FBK and recommend the company
as a reliable business partner.
Senior Vice-President
of Corporate Development
Tatyanin P.S.
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References and recommendations of clients
NOVOLIPETSKY METALLURGICAL PLANT
This letter is to confirm that FBK has been rendering audit and consulting
services to companies of NLMK Group since 2004.
In our cooperation with FBK we satisfied ourselves of efficiency and high
quality of services of this company. FBK experts show high proficiency and
apply comprehensive approach in task solution.
We plant to develop further cooperation with audit and consulting company
FBK and recommend it as a reliable business partner.
Chief accountant
Sokolov A.A.
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References and recommendations of clients
UNITED METALLURGICAL COMPANY
This letter is to express our gratitude for high quality of audit and
consulting services, provided by your company.
We would especially like to note high professional level of FBK
auditors when conducting audit of CJSC OMK affiliates, notably
of OJSC Vyksa Metallurgical Plant.
We hope for future mutually rewarding cooperation.
Director of Economy and Finance CJSC OMK
Shkhiyants Y.I.
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References and recommendations of clients
IBS Group of Companies
FBK have been providing audit and consulting services to IBS Group of
Companies in accounting, tax and law since 1999. Cooperating with our
companies for over 10 years FBK have proved to be a team of professionals
capable of solving tasks of any complexity on high professional level.
FBK employees showed themselves as proficient, stirring professionals,
broadminded, considerate and friendly towards client. FBK care not only for
continuous professional development of their specialists, but also for raising the
level of skills of employees of financial and accounting departments of their
clients, arranging seminars and providing resource materials.
IBS Group of Companies plan to continue working with FBK under a wide range
of projects. We would like to express our profound satisfaction with results of
our cooperation and recommend FBK as reliable business partner.
Financial Director
of IBS Group of Companies
Yukhadi Y.V.
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References and recommendations of clients
Rosoboronexport State Corporation
FBK have been providing audit and consulting services to Rosoboronexport State
Corporation since 2007. Throughout this period of time FBK have been rendering
audit services, including services for statutory audit of annual accounting
(financial) statements as well as accounting advisory, tax and legal advice.
For the whole period of cooperation with LLC FBK, we have been able to ascertain
in efficiency and high quality of services provided by this company. Characteristic
of company’s work is complex approach to solving tasks, efficiency of professional
services and high level of specialists. Cooperation with FBK delivers considerable
practical use for our company.
Rosoboronexport State Corporation recommend FBK as reliable business partner.
Chief Accountant —
Head of Accounting Department
Zavyalova L.I.
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Public and Charitable activities
• For years FBK has been the general consultant of Pushkin
Museum of Fine Arts, has been acting as a partner in projects
of worldwide charity movement World stars to children,
has been providing assistance to international charity fund
Children of Russia.
• Various public and charity activities are the essential part of our
corporate culture.
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Thank you for your attention!
FBK
www.fbk.ru
44/1, Myasnitskaya Str.
Moscow, Russia, 101990
Tel.:
+7 495 737 5353
Fax:
+7 495 737 5347
E-mail: fbk@fbk.ru
www.fbk.ru
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