Appendix No. 46

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

The international standard of the tasks providing confidence 3420 "The tasks providing confidence concerning compilation of proforma of the financial information included in the avenue of securities"

The International Standard of the Tasks Providing Confidence (ISTPC) 3420 "The tasks providing confidence concerning compilation of proforma of the financial information included in the avenue of securities" should be considered together with the Preface to the Collection of International standards of quality control, audit, survey checks, the other tasks providing confidence, and tasks on rendering the accompanying services.

Introduction

Scope of this standard

1. This The International Standard of the Tasks Providing Confidence (ISTPC) is applied to the tasks on confirmation providing reasonable confidence which are performed by the practicing specialist <1> for the purpose of check and provision of the conclusion concerning compilation by the responsible party <2> proformas of the financial information included in the avenue of securities. This standard is applied in the following cases:

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<1> MSZOU 3000 (reviewed) "The tasks providing confidence other than audit and survey check of financial information of last periods", Item 12(r).

<2> MSZOU 3000 (reviewed) Item 12(v).

- provision of the corresponding conclusion is necessary according to requirements of the legislation on securities or rules of the exchange (further - the relevant law or rules) for jurisdiction in which the prospectus of securities shall be issued;

- provision of the corresponding conclusion is the commonly accepted practice in this jurisdiction (see Item A 1).

Nature of responsibility of the practicing specialist

2. In case of task performance according to this standard the practicing specialist does not bear responsibility for compilation of proforma of financial information for the organization; this responsibility is born by the responsible party. The practicing specialist bears responsibility only for provision of the conclusion about whether compilation of proforma of financial information in all essential relations by the responsible party on the basis of applicable criteria is executed.

3. This standard is not applied to the tasks which are not the tasks providing confidence within which the practicing specialist is attracted by the organization for accomplishment of compilation of its financial reporting of last periods.

The purpose of proforma of the financial information included in the avenue of securities

4. The purpose of proforma of the financial information included in the avenue of securities is only the illustration of impact of considerable event or transaction on not corrected financial information of the organization which would take place if this event took place or this operation was performed for earlier date chosen for the purposes of illustration. These objectives are achieved by means of application of adjustments for creation of proforma to not corrected financial information. The proforma of financial information does not reflect the actual financial position of the organization, its financial results or cash flows (see the Items A2 - A 3).

Compilation of proforma of financial information

5. Compilation of proforma of financial information assumes collection, classification, generalization and representation by the responsible party of the financial information illustrating impact of considerable event or transaction on not corrected financial information of the organization which would take place if this event took place or this operation was performed for earlier date chosen for the purposes of illustration. This process includes the following stages:

- determination of source of not corrected financial information which will be used for compilation of proforma of financial information, and extraction of not corrected financial information from this source (see the Items A4 - A 5);

- introduction of adjustments for creation of proforma in not corrected financial information for the purposes according to which this proforma of financial information is represented;

- representation of the received proforma of financial information together with the corresponding disclosure of information.

Nature of the task providing reasonable confidence

6. The task providing reasonable confidence concerning compilation of proforma of financial information includes performing procedures, established in this standard to estimate whether the applicable criteria used by the responsible party in case of compilation of proforma of financial information, reasonable basis for representation of the considerable consequences which are directly connected with event or transaction and to obtain sufficient competent evidences rather following (see Item A 6) are:

- whether render the corresponding adjustments for creation of proforma proper influence on these criteria;

- whether the final column of proforma (see Item 11(c)) reflects correctness of application of these adjustments to not corrected financial information.

The task also includes assessment of general idea of proforma of financial information. At the same time the task does not provide review by the practicing specialist of opinion or rerelease of the conclusion about financial information of last periods which was used in case of compilation of proforma of financial information or when carrying out audit or survey check of the financial information used for compilation of proforma of financial information by it.

Interrelation with MSZOU 3000 (reviewed) other professional standards and other requirements

7. The practicing specialist shall observe requirements of MSZOU 3000 (reviewed) and this standard in case of task performance providing confidence in the relation of compilation of proforma of the financial information included in the avenue of securities. This standard supplements, but does not replace, understanding of how MSZOU 3000 (reviewed) shall be applied to the tasks providing reasonable confidence to compilation of proforma of the financial information included in the avenue of securities.

8. Observance of provisions MSZOU 3000 (reviewed) demands from the practicing specialist including observance of parts A and B of the Code of ethics of professional accountants of Council for international standards of ethics for accountants (the Code of SMSEB) in connection with task performance on ensuring confidence, either other professional requirements, or the requirements established by the law or the regulation, at least strict than requirements of the Code of SMSEB. <3> Besides, it is also required that the head of task was member of the auditing organization applying MCKK 1 <4>, either other professional requirements, or the requirements established by the law or the regulation, at least strict than MCKK 1.

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<3> MSZOU 3000 (reviewed) Items 3(a), 20 and 34.

<4> MSZOU 3000 (reviewed) Items 3(b) and 31(a). MSKK 1, "Quality control in the auditing organizations booking audit and survey verifications of the financial reporting, and also performing the other tasks providing confidence, and tasks on rendering the accompanying services".

The effective date

9. This standard becomes effective concerning the conclusions on the tasks providing confidence, dated on March 31, 2013 or after this date.

Purposes

10. The practicing specialist is faced by the following purposes:

(a) receive reasonable confidence in whether compilation of proforma of financial information in all essential relations by the responsible party on the basis of applicable criteria is executed;

(b) provide the conclusion according to results of work of the practicing specialist.

Determinations

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

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