Internal auditor support
Since the accounting principles used by the organisation’s divisions in Russia, Ukraine and Belarus differed significantly, the head office auditor needed help analysing reporting documents from those divisions. Each local office received a one-day on-site support session from SCHNEIDER GROUP, enabling foreign auditors to constructively work through risks and establish effective communication with their colleagues in charge of local accounting and reporting.
SCHNEIDER GROUP’s experts were quick to advise on the internal audits of the Kyiv, Minsk, Moscow and St. Petersburg offices. Specifically, they:
- Explained the nuances of local law
- Issued unbiased commentary on the accuracy of the accounting and documentation of the transactions being audited
- Compiled a concise report summarising major risks and inconsistencies
- Made suggestions on how to fix any shortcomings discovered.