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The document ceased to be valid since  January 1, 2018 according to the Order of the Ministry of Finance of the Russian Federation of September 26, 2017 No. 147n

Registered by

Ministry of Justice

Russian Federation

On July 7, 2010 No. 17736

ORDER OF THE MINISTRY OF FINANCE OF THE RUSSIAN FEDERATION

of May 20, 2010 No. 46n

About approval of federal standards of auditor activities

According to the Federal Law of December 30, 2008 N 307-FZ "About auditor activities" (The Russian Federation Code, 2009, N 1, the Art. 15) and the order of the Government of the Russian Federation of June 30, 2004 N 329 "About the Ministry of Finance of the Russian Federation" (The Russian Federation Code, 2004, N 31, Art. 3258; N 49, of Art. 4908; 2005, N 23, Art. 2270; N 52, of Art. 5755; 2006, N 32, Art. 3569; N 47, of Art. 4900; 2007, N 23, Art. 2801; N 45, of Art. 5491; 2008, N 5, Art. 411; N 46, of Art. 5337; 2009, N 3, Art. 378; N 6, of Art. 738; N 8, of Art. 973; N 11, of Art. 1312; N 26, of Art. 3212; N 31, of Art. 3954; 2010, N 5, Art. 531; N 9, of Art. 967; 1224) I order to N 11, of the Art.:

1. Approve the enclosed federal standards of auditor activities developed according to international standards of audit.

2. Determine that this order becomes effective from the effective date orders of the Government of the Russian Federation about recognition voided the rule (standard) N 6 "Audit opinion according to the financial (accounting) reporting" approved by the order of the Government of the Russian Federation of September 23, 2002 N 696 "About approval of federal rules (standards) of auditor activities" (The Russian Federation Code, 2002, N 39, of Art. 3797; 2003, N 28, Art. 2930; 2004, N 42, Art. 4132; 2005, N 17, Art. 1562; 2006, N 36, Art. 3 831; 2008, N 31, Art. 3734; N 49, of the Art. 5830).

 

Vice-chairman

Governments Russian

Federations Minister of Finance

Russian Federation A. L. Kudrin

Appendix No. 1

to the order of the Ministry of Finance of the Russian Federation of May 20, 2010 No. 46n

Federal standard of auditor activities (FSAD 1/2010)

Audit opinion about accounting (financial) records and forming of opinion on its reliability

1. This federal standard of auditor activities determines requirements to form, content, procedure for signing and representation of audit opinion, and also to procedure for forming of opinion on reliability of accounting (financial) records.

2. By results of the booked audit the auditing organization and the individual auditor (further hereinafter are referred to as "auditor") shall express in audit opinion the opinion on reliability of accounting (financial) records of the audited face (further - accounting records) created on the basis of the obtained auditor evidence.

3. The audit opinion shall contain:

a) name "Audit opinion";

b) specifying of the addressee (shareholders of joint-stock company, members of limited liability company, other persons);

c) data on the audited face: name, state registration number, location;

d) data on auditing organization, individual auditor: the name of the organization, surname, name, middle name of the individual auditor, the state registration number, the location, the name of self-regulatory organization of auditors which member is, number in the register of auditors and auditing organizations of self-regulatory organization of auditors;

e) the list (structure) of accounting records concerning which audit, with indication of the period for which it is constituted, at the same time, if the auditor knows that the pro-audited accounting records will be included in the document which contains other information, for example, in the annual statement was booked the auditor can if the representation form it allows, specify those pages on which the pro-audited accounting records will be provided;

e) distribution of responsibility concerning the specified accounting records between the audited face and the auditor;

g) data on the work performed by the auditor for expression of opinion (audit scope);

h) opinion of the auditor with indication of circumstances which have or can have significant effect on reliability of accounting records;

i) signature of the auditor;

j) date of audit opinion.

The audit opinion, in addition to specified in this Item, shall contain approval that accounting records were proaudirovana auditor.

4. The description of distribution of responsibility concerning accounting records between the audited face and the auditor, and also audit scope is provided in the parts of audit opinion entitled "Responsibility of the audited face for accounting records" and "Responsibility of the auditor".

5. Regarding audit opinion "Responsibility of the audited face for accounting records" it shall be given:

a) specifying on authorized by the audited face of persons who are responsible for creation and reliability of accounting records according to rules of the reporting. At the same time terms in accordance with the legislation of the Russian Federation shall be used;

b) the description of responsibility of specified persons for creation and reliability of accounting records according to rules of the reporting. Such description shall include the statement that specified persons bear responsibility for creation and reliability of accounting records according to rules of the reporting and for the internal control system necessary for creation of the accounting records which are not containing the essential misstatements allowed owing to unfair actions or mistakes.

6. Regarding audit opinion "Responsibility of the auditor" is given the description of audit scope and it is specified that:

a) responsibility of the auditor consists in expression of opinion on the basis of the booked audit;

b) audit was booked according to federal standards of auditor activities, and also that these standards require observance of applicable requirements of professional ethics of auditors (ethical standards), and also planning and carrying out audit so that to receive sufficient confidence that accounting records are authentic in all essential relations. At the same time the auditor shall not specify in audit opinion that audit was booked according to federal standards of auditor activities if the auditor did not fulfill all requirements of these standards relevant to application in the conditions of the specific audit engagement;

c) the auditor believes that the evidence obtained during audit is produced by the good and proper causes for opinion expression.

7. If the auditing contract of accounting records provides carrying out audit as according to federal standards of auditor activities, and international standards of audit, then in in addition to specifying that audit is booked according to federal standards of auditor activities, the audit opinion may contain specifying on international standards of audit. Such specifying can be included in audit opinion only if there are no distinctions between requirements of federal standards of auditor activities and requirements of international standards of audit which could result the auditor in need of expression of different opinions or non-inclusions of the part drawing attention when it is required by international standards of audit.

8. The audit scope is described by means of inclusion in audit opinion of following provisions:

a) audit includes carrying out the audit procedures directed to receipt of the auditor proofs confirming numerical indicators in accounting records and information opened in it;

b) the choice of audit procedures is subject of judgement of the auditor which is based on risk assessment of the essential misstatements allowed owing to unfair actions or mistakes. In the course of assessment of this risk, the auditor considers the internal control system of the audited face providing creation and reliability of accounting records, for the purpose of the choice of the corresponding audit procedures, but not for the purpose of expression of opinion on system effectiveness of internal control of the audited face. If in accordance with the terms of the audit engagement the auditor assumes obligation to express opinion on system effectiveness of internal control of the audited face in connection with accounts audit, then approval that consideration by the auditor of internal control system of the audited face is performed not for the purposes of expression of opinion concerning system effectiveness of internal control of the audited face, does not join in audit opinion;

c) audit includes assessment of proper nature the applied audited face of accounting policy and justification of the estimative values received by management of the audited face and also assessment of submission of accounting records in general.

9. The audit opinion shall include the part entitled "Opinion" in which the opinion of the auditor on is given whether accounting records authentically reflect financial position of the audited face in all essential relations as of reporting date, results of its financial and economic activities and cash flow for the accounting period according to statutory rules of creation of accounting records (daleemneniye).

10. Before starting opinion forming, the auditor shall be convinced whether it is reached during audit sufficient confidence that accounting records in general do not contain essential misstatements as a result of unfair actions or mistakes. The specified belief shall be based on:

a) conclusion concerning whether sufficient competent auditor evidences were obtained;

b) conclusion concerning whether the uncorrected misstatements taken separately or in total, essential are;

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