Audit Services

Audit Services

Audit Services

Based on extensive industry experience and global resources, BDO Ukraine's audit experts assist companies in adapting to rapid change, as well as building investor confidence and adding value to their businesses.

A successful independent audit from BDO in Ukraine assist companies in creating added value and reducing risks. Based on the experience of international BDO network, we offer multidisciplinary solutions to complex technical matters, as well as practical advice from experts, who are recognized as the leading experts in their industry.

Team of BDO in Ukraine provides services on statutory and initiative audits of financial statements prepared under the National Accounting Standards (NAS), International Financial Reporting Standards (IFRS), and the accounting policies of the group, including public interest entities.

In a fast-changing business and legal environment, exceptional service delivery becomes more important than ever.

 

BDO's approach to audit

BDO uses its own global audit methodology that allows BDO project team to perform a high-quality audit, including risk factors.

The whole BDO network applies a six-step audit approach that ensures compliance with International Standards on Auditing (ISA) and is based on four key components: service management, transition management, quality management and technology platforms.

Infographic of the audit stages: determining the scope of work, assessing risks, forming an audit response, obtaining audit evidence, forming a conclusion and report with quality management

Experts of BDO in Ukraine use a methodology that is based on risk assessment. This methodology ensures that auditors consider areas of financial reporting, where there may be material departures due to the risks faced by a Company. An essential element of our approach is the implementation of advanced technologies, including BDO Global Portal, APT Next Gen, BDO Advantage etc.

Infographic of key features of APT Next Gen: a global, secure, scalable, compliant, integrated, automated, efficient, and intuitive platform for improving audit quality

Innovation in audit and professional communication

BDO global experts use the unified digital cloud platform and innovative analytical software. This allows to customise verification process during service delivery.

Our experience:

Client base of BDO in Ukraine includes variety of private and public companies both in broad and narrow industries, of all forms of ownership and sizes:

Infographic of the company's industry experience: aviation, agribusiness, construction and real estate, manufacturing, energy, finance and banking, IT, insurance, transportation, telecommunications, medicine, pharmaceuticals, oil and gas, retail, and government projects

 

Audit practice is the main and priority activity of BDO both in Ukraine and in the world. More detailed information can be found in BDO Integrated Transparency Report 2024.

Why choose us

The partners of BDO in Ukraine, the audit company, — invest in their clients' success, controlling audit performance by themselves during all its stages, communicating directly with the leading experts in audit performance.Infographic showing the ratio of audit staff at BDO in Ukraine who interact directly with clients: partners, managers, and professional audit staff, with quantitative workload indicators

 

BDO is the 5th largest network of independent audit, tax and accounting firms in the world.

Table ranking international audit firms by revenue from professional services. The global organization BDO demonstrated the highest revenues among companies operating outside the “big competitors” in such important categories as accounting, audit, and tax services.

More about the team of auditors of BDO in Ukraine

The team of auditors-experts of BDO in Ukraine comprises of more than 100 experts, 26 of whom are included in the register of auditors and audit entities. The team includes auditors with АССА, DipIFR, AICPA IFRS, CFA certificates etc.

To maintain a high-quality assurance service, we pay much attention to ongoing professional training for auditors. Auditors of BDO in Ukraine complete at least 120 hours of professional training every three years.

Infographic of the audit team composition: 8%25 key partners, 23%25 partners and senior managers, 69%25 professional auditors of various levels who ensure the quality of audit services

BDO LLC is included in the register of auditors and audit entities, including the register of audit entities that have the right to conduct a statutory audit of financial statements and the public interest entities. More information can be found here.

BDO LLC successfully passed the quality control of audit services on September 16, 2024.

If you need more information or want to order audit services from BDO Ukraine — contact us, the consultation is free.
 

Key Contacts

Sergiy Balchenko

Sergiy Balchenko

Managing Partner/Director
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Oleg Malashchuk

Oleg Malashchuk

Key Audit Partner
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Sergiy Shtantsel

Sergiy Shtantsel

Key Audit Partner, Deputy Director of BDO in Ukraine
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Oleksandr Nikolayenko

Oleksandr Nikolayenko

Key Audit Partner
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Liliya Chernysh

Liliya Chernysh

Key Audit Partner
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FAQ (Frequently Asked Questions)

ACCA — an international qualification for accountants and auditors that confirms a high level of professional competence.

DipIFR — a diploma in International Financial Reporting issued by ACCA.

ISA (International Standards on Auditing) — global requirements for audit procedures followed by BDO.

IFRS (International Financial Reporting Standards) — accounting standards used for preparing financial statements.

NAS — the National Accounting Standards applied in Ukraine.

Statutory Audit — an audit of financial statements required by law for certain categories of enterprises.

Risk Assessment — an analysis of potential threats to the reliability of financial statements.

Public Interest Entities — companies of significant importance to the economy or society that are subject to statutory audit.

Professional Training of Auditors — a continuous process of professional development for specialists, at least 120 hours every three years.

CFA Certificate — a professional qualification in finance and investment confirming a high level of expertise.

Quality Management — BDO’s system of methodological procedures ensuring that audit services meet the highest international standards.