Accounting and tax review

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Gain independent insight into accounting and tax practices in your local offices and subsidiaries. We thoroughly assess accounting processes and tax compliance to provide head office with accurate data that affects management decisions and settles queries over reported figures.

Our independent comprehensive review of accounting and tax reporting identifies errors and their associated risks, providing accurate data for management decision-making and reducing the potential for reputational or financial damage. The review applies to all areas of responsibility of the accounting department and covers a period of your choice.

The review analyses:

Reliability of current accounting practices
Quality of tax reports
Completeness and timeliness of reporting
Risks of non-compliance with complex local regulations

We focus on your goals, not just on accounting entries.

SCHNEIDER GROUP offers a flexible solution. We focus on your particular areas of interest and can expand or change focus in the course of the review if required to achieve the agreed outcome.
We analyse the most important risks first, but we also adhere to the principle of completeness. The report includes all detected errors, irregularities and opportunities for improvement in order of priority.
We use legal requirements to ensure that our recommendations are as applicable as possible to your specific needs. If there are several possible solutions, we will include a description of their advantages and disadvantages.

What you get

REDUCED FINANCIAL RISK

We indicate financial and tax risks associated with your current accounting and tax reporting approach, then explain what should be changed to mitigate them.

TRANSPARENT BUSINESS PRACTICES

We help ensure business transparency for clients, partners and regulators. We seek solutions that are beneficial to your company in strict compliance with legal requirements.

OPTIMISED ACCOUNTING

We pinpoint areas for optimising accounting and tax reporting and reducing costs, and provide methodological support during our review.

REGULATORY COMPLIANCE

We indicate industry-specific regulations that must be adhered to, and ensure compliance with sector-specific legislation, such as paying ecological dues.

MINIMISED FINES

We help prevent or minimise the risk of fines incurred due to accounting or tax deficiencies and irregularities.

LEGISLATIVE COMPLIANCE

We find cases of actual and potential violations of the law, provide detailed comments and offer solutions based on the current situation.

Our team

Ekaterina Kvaskova

Partner, CIA, Moscow, Russia

Internal Controls and Audit

Ekaterina joined SCHNEIDER GROUP in 2005 as senior accountant responsible for accounting and tax reporting for company’s customers. She was engaged in complex projects on accounting and taxation, set up of accounting and management reporting preparation processes, voluntary audits, and financial due diligence. With SCHNEIDER GROUP business growth, the need in the development of unified internal accounting standards, policies, and procedures to ensure same highest quality of service for all customers became obvious. Ekaterina, as a head of accounting group, took over the responsibility for the project. In 2009 she was appointed head of the newly established internal controls department. As group director for internal controls and audit, Ekaterina leads all in-house projects on constant assessment and improvement of business processes, identification and mitigation of operational risks. She also advises SCHNEIDER GROUP’s customers on setup of corporate internal controls and audit systems, business process efficiency review, and risk management. Prior to joining SCHNEIDER GROUP, Ekaterina worked as chief accountant in the trading and construction industries. Ekaterina is a certified foreign trade economist, a certified professional accountant with the Institute of Professional Accountants of Russia, a certified internal auditor (CIA) and a member of the Institute of Internal Auditors.

Natalia Shulzhenko

Partner, Belarus

Natalia joined the company’s Minsk office in 2009. She is in charge of the services offered by SCHNEIDER GROUP in Belarus: accounting outsourcing, financial, tax and legal consulting, compliance, interim management as well as business setup and manufacturing localisation. Natalia has extensive experience in accounting, financial and management reporting, taxation of subsidiaries of international companies and foreign representative offices in Belarus. Natalia actively contributes to the professional community, presenting at various conferences and seminars. Prior to joining SCHNEIDER GROUP, Natalia worked as chief accountant for international companies in manufacturing, energy, construction and professional services industries. She has over 20 years of professional experience. Natalia graduated from the Moscow State University of Economics, Statistics and Informatics with a degree in Accounting, Analysis and Audit. She is a certified expert in International Financial Reporting (DipIFR RUS) and a member of the Association of Chartered Certified Accountants (ACCA). Natalia speaks Russian, Belarusian and English.

Lyudmila Malsagova

Finance & Accounting Director

Kazakhstan

Lyudmila joined the company in 2011 and has been leading an accounting team of 35 experts since 2014. Lyudmila is in charge of company’s accounting and tax reporting services. She advises SCHNEIDER GROUP's clients on the current legislation, supervises projects for accounting & tax review to identify and mitigate associated risks. Lyudmila's portfolio at SCHNEIDER GROUP includes over 40 projects for companies in a variety of industries, including oil and gas, agriculture, construction, retail, and professional services. She regularly participates in seminars and trainings organized by the company in Kazakhstan. Lyudmila has more than 18 years of professional experience in accounting, international financial reporting preparation, and taxation. She earned her degree in Accounting and Audit from Narxoz University (formerly, Turar Ryskulov Kazakh Economic University) in Kazakhstan, holds an MBA from the International Academy of Business in Finance. She is also a licensed professional accountant and tax consultant in Kazakhstan.

Evgeniya Baran

Head of Internal Audit, FCCA, Moscow

Evgeniya joined the company in 2017 as senior internal controls expert and was promoted to the head of internal audit in 2019. Evgenia is responsible for internal control and audit projects, advises SCHNEIDER GROUP customers on financial and non-financial audits, manages projects on business processes efficiency review and optimization and on development and improvement of internal policies and procedures. She has worked at the Big Four consulting companies for over 6 years and has in-depth knowledge in audit, risk management and compliance. Evgeniya is a certified economist with a degree in Finance and Credit, an honorary member of the Association of Chartered Certified Accountants (ACCA) and a member of the Institute of Internal Auditors.

Elena Vorobyeva

Deputy Finance & Accounting Director

Elena has been with the company for 11 years, working her way up from accounting assistant to deputy finance & accounting director, CPA. Elena specialises in accounting, taxation and preparation of financial reporting according to the Russian accounting standards, including projects on internal audit, as well as transformation of local financial reporting into reporting according to international standards (FRS and HGB). She also supports projects on automation of accounting and financial reporting. Elena has deep knowledge of accounting for wholesale and retail, logistics and agriculture, real estate, professional services industry and representative offices. She graduated from Saint Petersburg State University of Economics and Finance with a degree in Accounting, Analysis and Audit and is a certified chief accountant of the Institute of Professional Accountants of Russia. Elena speaks 4 languages: Russian, English, German and French.

Sergey Akulich

Accounting Project Lead

Sergey joined SCHNEIDER GROUP in 2018. He is responsible for projects in accounting and taxation and advises company clients on accounting and management reporting setup, business process efficiency assessment and operational risks identification. Prior to SCHNEIDER GROUP, Sergey worked as chief accountant at industrial and agricultural enterprises and manufacturing and construction companies for over 10 years. Sergey has a degree in Economics and Enterprise Management and constantly improves his accounting and tax qualifications.

Vitaliy Klimenko

Accounting Project Lead, Belarus

Vitaliy is in charge of accounting and tax projects, advising SCHNEIDER GROUP’s clients on tax optimisation, setup and automation of management reporting, budgeting, and financial modelling. Prior to joining SCHNEIDER GROUP, he worked as chief accountant and financial director in an industrial enterprise for 10 years. Vitaliy was responsible for organisation and control of business activities in companies from IT, pharmaceuticals, manufacturing, construction, professional services, wholesale, and retail industries. He has more than 15 years of professional experience. Vitaliy graduated from Belarusian State University with a master’s degree in Finance and Credit. In 2017, he took a course in Budgeting, Technology and Automation. In 2018, he completed the Financial Risk Management course and in 2019 - the Key Figures for Business Owners course.

Success stories

Chemical manufacturer

Tax and finance due diligence

We examined the customer's branches in West Siberia and Central Russia for completeness of reporting, compliance with tax legislation and internal control procedures as part of our tax and financial due diligence. Moreover, we completed a mandatory audit of employee workplace safety and proposed new employment contracts that covered hazardous working environments and provided appropriate additional allowances and benefits to employees.

German pharmaceutical manufacturer

Interim administration of Russian representative office

We completed tax due diligence on a German pharmaceutical manufacturer's representative office in Russia to identify accounting risks, took over management of the representative office until it was wound up, incorporated the office into a local subsidiary, formalised employee transfers from the representative office to the subsidiary and arranged the office’s winding-up process.

Food importer

Tax risk assessment

The customer’s new chief accountant hit some roadblocks in assessing tax and accounting practices due to the geographically distributed nature of the company, and decided to seek support from SCHNEIDER GROUP. Our review helped to identify irregularities and possible penalties, and our experts were able to develop principles for a systematic approach to risk management in finance and taxation.

Developer of thermal and acoustic insulation solutions

Accounting and tax review

A Russian manufacturer was to be bought out by a foreign company that already owned 50% of the shares. SCHNEIDER GROUP’s assessment of accounting and tax practices uncovered inconsistencies in the tax accounting and payroll processes, as well as drafting and contracting errors. Our report and the steps taken to mitigate these risks had a positive impact on the takeover process.

All success stories

Why Schneider group

FLEXIBLE APPROACH

We are flexible in terms of the scope of the analysis and are guided by your preferences regarding timing, method and format. The review can be carried out at your office or remotely using copies of accounting, tax reporting and payroll databases. We also offer a remote review option with a one-time visit to the office.

READER-FRIENDLY REPORT

The report is available in either Russian, English, and German. The results of the investigation are presented in simple terms and just include a summary of findings, risks and recommendations. Depending on the target audience of the report, we provide references to relevant regulations or explanations of local specific features.

URGENT REVIEW

We focus on your business requirements in terms of timing and can begin an urgent review within the space of just a couple of days. We ensure the task is fully completed within a limited timeframe by using internal resources rather than taking a selective approach.

WIDE-RANGING EXPERIENCE

Because our core business is accounting outsourcing, we have a wide breadth of practical accounting and tax experience, and have developed our own system of checks and indicators to analyse information and identify hidden risks. We expand our focus flexibly during the review if we discover information that requires closer scrutiny.

About SCHNEIDER GROUP

SCHNEIDER GROUP has been helping businesses to expand to new geographical markets since 2003, offering a full range of business support services: from developing strategy for successful market-entry to helping arrange or optimize accounting, reporting and financial planning processes and establishing efficient IT infrastructures.

500 top experts in 11 countries take care of all resource-consuming non-core business tasks, so our customers can focus on achieving their business goals. We offer services in Armenia, Azerbaijan, Austria, Belarus, Georgia, Germany, Kazakhstan, Kyrgyzstan, Poland, Russia and Uzbekistan, with minor regional variations. Get in touch via our contact form to request details of specific service packages available in your target country.

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