Appendix No. 38

to the Order of the Ministry of Finance of the Russian Federation of January 9, 2019 No. 2n

The international standard of audit 810 (reviewed) "Tasks on provision of the conclusion about the generalized financial reporting"

The International Standard of Audit (ISA) 810 "Tasks on provision of the conclusion about the generalized financial reporting" should be considered together with MCA 200 "Main objectives of the independent auditor and carrying out audit according to International standards of audit".

Introduction

Scope of this standard

1. This International Standard of Audit (ISA) establishes the auditor's obligations in connection with task on provision of the conclusion about the generalized financial reporting prepared on the basis of the financial reporting which audit was booked according to International standards of audit by the same auditor.

The effective date

2. This standard becomes effective concerning financial records audit for the periods which are coming to an end on December 15, 2016 or after this date.

Purposes

3. The purposes of the auditor consist in that:

(a) determine whether it is admissible to accept task on provision of the conclusion about the generalized financial reporting;

(b) in case of acceptance of task on provision of the conclusion about the generalized financial reporting:

(i) create opinion on the generalized financial reporting, relying on assessment of the conclusions drawn based on the obtained evidence;

(ii) it is clear to express this opinion in the form of the written conclusion containing also the basis for expression of such opinion.

Determinations

4. For the purposes of this standard the following terms have the stated below values:

(a) the applied criteria - the criteria applied by management by preparation of the generalized financial reporting;

(b) the pro-audited financial reporting - the financial reporting <1> which audit was booked by the auditor according to International standards of audit and on the basis of which the generalized financial reporting is constituted;

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<1> Definition of the term "financial reporting" is given in MCA 200 "Main objectives of the independent auditor and carrying out audit according to International standards of audit", Item 13(f).

(c) the generalized financial reporting - financial information of last periods which is constituted on the basis of the financial reporting, but contains less data, than the financial reporting, at the same time it it is structured represents, according to representation in the financial reporting, economic resources or obligations of the organization as of certain timepoint or changes of these resources or obligations for certain period of time. <2> In various jurisdictions for the description of such financial information of last periods different terminology can be used.

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<2> MSA 200, Item 13(f).

Requirements

Acceptance of task

5. The auditor can accept task on provision of the conclusion about the generalized financial reporting according to this standard only if he booked financial records audit on the basis of which the generalized financial reporting, according to International standards of audit (see Item A 1) is constituted.

6. Before accepting task on provision of the conclusion about the generalized financial reporting, the auditor shall (see Item A 2):

(a) determine whether the applied criteria are acceptable (see the Items A3 - A 7);

(b) receive confirmation of the fact that it acknowledges from management and understands the responsibility:

(i) for preparation of the generalized financial reporting according to the applied criteria;

(ii) provision of access without unjustified obstacles to the pro-audited financial reporting to expected users of the generalized financial reporting (or if the law or the regulation do not provide obligatory provision of the pro-audited financial reporting to expected users of the generalized financial reporting and criteria for preparation of the generalized financial reporting, inclusion of the description of such law or regulation in the generalized financial reporting are established);

(iii) inclusion of audit opinion about the generalized financial reporting in any document containing the generalized financial reporting and specifying that the auditor prepared the conclusion about it;

(c) approve with management form of opinion which will be expressed about the generalized financial reporting (see Items 9 - 11).

7. If the auditor comes to conclusion that the applied criteria are unacceptable, or he cannot receive the confirmation from management provided in Item 6(b), then the auditor shall not accept task on provision of the conclusion about the generalized financial reporting, except as specified, when it is required according to the law or the regulation. The task performed according to such law or the regulation does not meet the requirements of this standard. Therefore, the audit opinion about the generalized financial reporting shall not contain instructions on the fact that the task was performed according to this standard. The auditor shall include the corresponding specifying on this fact in task conditions. The auditor shall determine also influence which this fact can render on task on financial records audit on the basis of which the generalized financial reporting is prepared.

Nature of procedures

8. The auditor shall perform the listed below procedures and any other procedures which the auditor will consider necessary to create basis for expression of auditor opinion on the generalized financial reporting:

(a) estimate whether in a proper way the generalized financial reporting discloses the generalized nature and determines the pro-audited financial reporting;

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