Accounting and tax review

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

Section is not found

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.

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.

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Ludmila Malsagova

Partner (Finance & Accounting), Kazakhstan, Kyrgystan

Lyudmila joined the company in 2011. Since 2014, she has been leading the Accounting Department with a team of 70 experts. Lyudmila is in charge of company’s accounting and tax reporting services. She advises SCHNEIDER GROUP's clients on current legislation, supervises projects for accounting & tax review to identify and mitigate associated risks, and supports internal and external statutory and tax audits. Ludmila also manages the HR department consisting of more than 20 specialists, which provides clients with HR management services, consulting on migration and labour law issues and much more. Lyudmila's portfolio includes more than 50 projects for companies in various industries, including oil and gas, agriculture, construction, retail, and services. She regularly participates in seminars and trainings organized for clients by the company. Ludmila's cumulative professional experience in accounting, IFRS and taxation exceeds 23 years. She graduated from the Kazakh Economic University named after T. Ryskulov with a degree in Accounting and Audit. She has an MBA diploma from the International Academy of Business, specializing in Finance. She is a certified professional accountant and tax consultant of the Republic of Kazakhstan.

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Elena Vorobyeva

Director of Finance Management, CPA, St. Petersburg, Russia

Elena has been with SCHNEIDER GROUP since 2010, starting out as an accounting assistant, to now being the Director of Finance Management, CPA. She specializes in accounting, taxation, and financial management. She has participated in and led accounting projects for clients from various industries, applying deep knowledge in accounting for wholesale and retail trade, logistics, agriculture, real estate, professional services, hotel business, manufacturing, IT, and representative offices of foreign companies. Elena is focused on meeting clients' needs to the fullest extent, ensuring legislative compliance. Elena has successfully conducted audits of accounting and tax records, offered clients options for optimization in the financial sphere. Her special areas of professional interest include preparation of financial reporting according to international standards (including IFRS and HGB) and accounting automation. Elena has experience in leading projects related to migration from foreign accounting systems (SUN, SAP) to 1C, setting technical tasks, and possesses profound knowledge of 1C software. She has also led client projects that involve data migration from various software (SAP, Opera, Materials Control) to 1C. Elena graduated from Saint Petersburg State University of Economics 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.

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Sergey Akulich

Accounting Team Lead, Belarus

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.

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Success stories

Chemical manufacturer

Tax and finance due diligence

We examined the client'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 client’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.

Build your path to success with SCHNEIDER GROUP

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