There is an obligatory requirement for Accounting and Financial Reporting for all organizations. Russian Accounting Standards (RAS) and International Financial Reporting Standards (IFRS) are implemented in Russia.
Generally, valuation for IFRS is necessary for companies and enterprises which choose the policy of reflection of fair value with certain purposes, among which are:
- Companies planning to enter western markets;
- Companies with partners abroad planning to attract financial sources (due to low rates of interest on credits, the recruitment/ attraction of investors is a common practice);
There are also certain categories of companies where the reporting in accordance with IFRS standards is obligatory, such as: credit and insurance companies, including companies taking part in stockbroker exchange (audit requirement is also mandatory for the latter).
Our essential advantage is cooperation with the biggest audit companies of “The Big Four” PwC (PricewaterhouseCoopers), EY (Ernst & Young), Deloitte и KPMG, as well as many Russian companies, including top-ten ones.
Valrus company has a great experience in assets valuation for RAS and IFRS, our professionals are always ready to provide you with services in this field.