Tatiana Bezus, Audit Director at MEF-Audit PKF spoke at All-Russian Congress of Accountants held in late November in Moscow. She addressed the significant ambiguity of the going concern principle, an issue of increasing concern. The matter has been followed with keen interest by auditors, controlling authorities and regulators.
Due to the world economic recession, now even major companies are facing challenges contributing to their poor financial situation where it is no longer possible to cover the liabilities or even to continue operations without interruption.
Tatiana Bezus, Audit Director at PKF MEF-Audit, said in her interview with RBC+ how the internal control system and the automation of accounting affect the audit cost.
Representatives of PKF MEF-Audit had a series of meetings with leaders of Kazakstani industry groups with participation from HKEX. The major focus of the dialog was supporting the projects for industrial companies of Kazakstan to enter global financial markets. PKF MEF-Audit intends to build on this area of work in collaboration with companies from other CIS countries.
МEF-Audit PKF was awarded a Certificate of Appreciation by the Russian Union of Auditors. "For great contribution to the development of the audit profession, many years of service and dedicated work and active participation in the events of the Russian Union of Auditors ”, says the text of the Certificate.
PKF International (PKFI), of which JSC MEF-Audit has been a member since 2017, was awarded with a diploma of “Expert RA” rating agency as the fastest growing global audit network operating in Russia. Based on the 2017 results, the Revenue Growth Rate was 34%.
PKF MEF-Audit will continue its cooperation with the Federal Agency for State Reserves in 2018. Like in previous years, the cooperation will focus on developing appraisal operations. The State Reserve is a special federal (pan-Russian) reserve of material assets that is part of the state treasury of the Russian Federation. Its purpose is to support the mobilization needs of the Russian Federation, cover the costs of rescue works when liquidating the aftermath of emergencies, provide government support to various sectors of the economy, provide humanitarian aid and regulate the market.
PKF International Limited has strengthened its global coverage with the admission of aliz pacific as an independent member firm in Fiji. Based in Suva and Nadi, aliz pacific is a leading accounting and advisory firm with 3 partners who specialize in providing expert business and accounting advice and innovation in business through growth strategy. The firm has a combined professional experience of over 100 years with high credentials. Having the two offices, one in Suva (Head office) and another in Nadi, gives aliz pacific the geographical advantage and coverage for a diverse client base.
PKF International Limited has strengthened its global coverage with the admission of Shiodome Partners as a member firm in Tokyo. Shiodome Partners, a leading consulting and business service organization that supports business clients in achieving company objectives and financial success in the local and global marketplace, has joined the PKF International family of independent accounting firms.
Key to the success of a firm are its people and technology.