Audit services are an independent review of financial statements, accounts, taxes or specific areas of a business, with a written opinion for the owner, a bank or an investor. Key Solutions in Kyiv works under International Standards on Auditing (ISA) and helps you choose the type of review that fits your task.
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In short
- For: LLCs and groups, homeowners' associations (OSBB), owners buying or selling a business, companies facing a tax inspection.
- In this section: financial statement audits, review engagements, tax and legal audits, audits of receivables and payables, OSBB and crypto projects.
- Statutory audit: organised together with a partner audit firm, which performs the audit and signs the report.
- Fees: agreed by contract, based on the volume of transactions, the state of the accounts and the deadline.
- How to start: tell us who needs the opinion and for which period.
Who needs audit services
Companies order an audit when the owner or an outside party needs a verified picture of the company's finances.
- owners and supervisory boards checking the work of management and the accounting team;
- banks, investors and donors asking for verified statements before a loan, investment or grant;
- buyers of a business looking for debts and tax risks before signing;
- companies expecting a State Tax Service inspection that want to fix errors first;
- homeowners' associations reporting to co-owners on the use of contributions.
How to choose an audit service
Find your situation in the table. If the task is broader, we can combine several reviews in one contract.
| Situation | Service |
|---|---|
| The law requires publishing statements with an audit report | statutory audit of financial statements |
| The owner, a bank or an investor needs audited statements | financial statement audit |
| You need a lighter review than a full audit | review audits |
| A tax inspection is coming or you doubt your tax figures | audit before a tax inspection, tax audit of a company |
| You are buying a company or a stake | tax and financial due diligence, legal audit of a business |
| Large receivables or payables | audit of receivables and payables |
| An OSBB reports to co-owners | OSBB audit |
| A crypto project prepares its statements | financial audit of crypto projects |
Statutory audit through a partner firm
Medium-sized and large companies, public joint-stock companies and certain other categories publish their annual financial statements together with the audit report (Art. 14(3) of Law No. 996-XIV).
How it works. A statutory audit is performed, and the audit report signed, by a partner audit firm entered in the section of the Register that lists audit entities entitled to perform statutory audits of financial statements. Key Solutions organises the engagement, prepares the accounts and financial statements, and supports the company until the statements are published. Read more: statutory audit of financial statements.
How an audit works
- Task and format. We agree who the opinion is for, the period and the standard.
- Contract. We fix the scope, deadlines, fee and responsibility of each party.
- Fieldwork. We examine the accounts, source documents and settlements with counterparties and the budget.
- Report and recommendations. We deliver the opinion and a list of corrections for the next reporting period.
How much audit services cost
Audit fees are agreed after we get to know the company and are fixed in the contract. The fee depends on:
- the volume of transactions and number of accounts;
- the state of the accounts and source documents;
- the period and the reporting standard;
- branches, foreign trade and currency transactions;
- the deadline for the opinion.
Price factors are covered in detail in our article how much a financial statement audit costs.
Why Key Solutions
- Turnkey, with no extra hassle
- We take the whole task: documents, calculations, reporting and correspondence with the State Tax Service. You make the decisions, provide source documents and sign; we do the rest and contact you only when it matters.
- We take on the tax office
- Information requests, blocked tax invoices, inspection reports: we prepare explanations, rework documents and appeal until the issue is closed. Where the law is in dispute, we work together with the group's lawyers.
- We see it through
- Your case stays on track: the specialist running it remains with you, even if an inspection or audit drags on for months. Statutory audits are performed, and the report signed, by a partner audit firm entitled to perform them; we handle preparation and support through publication, so you deal with one team from start to finish.
- Boutique-level involvement
- A senior specialist runs your project personally (see the Our employees page), backed by 14 years of Innova group practice in 50+ countries. Non-standard tasks are our field: where you hear “it can’t be done”, we look for a lawful way, and group companies cover the rest: legal.ua for legal matters, crystal.tax for crypto-asset taxation.
- Your affairs stay yours
- Information about your company, turnover, payroll and counterparties reaches neither competitors nor third parties. We disclose only what the law or a procedure requires, and the contract says so.
- Faster and right the first time
- Full involvement: your specialist learns your books, contracts and business, so documents and reports are ready on time with no rework. The group's 14 years of experience let us get right the first time what takes some firms three attempts.
Frequently asked questions
What audit services does Key Solutions provide?
Key Solutions performs voluntary audits of financial statements under ISA, review engagements, tax and legal audits, audits of receivables and payables, OSBB audits and audits of crypto projects. Statutory audits are organised together with a partner audit firm, which signs the audit report.
What is the difference between a voluntary and a statutory audit?
A statutory audit is required by law for medium-sized and large companies, public joint-stock companies and other categories listed in Art. 14(3) of Law No. 996-XIV, and its report is published with the financial statements. A voluntary audit is ordered by the company itself for the owner, a bank, an investor or a deal, and its scope is set by the contract.
Who performs the statutory audit if I come to Key Solutions?
The statutory audit is performed, and the report signed, by a partner audit firm listed in the relevant section of the Register. Key Solutions organises the engagement, prepares the accounts and statements for audit, and supports the company until the statements are published.
How much does a financial statement audit cost?
Audit fees are agreed individually. They depend on the volume of transactions, the state of the accounts, the period and the deadline. We quote after reviewing the documents and fix the fee in the contract before work starts.
How can I check an audit firm in Ukraine?
Audit firms are listed in the Register of Auditors and Audit Entities, which the Audit Public Oversight Body of Ukraine maintains and publishes on its website (Art. 20 of Law No. 2258-VIII). For a statutory audit, check the Register entry of the partner audit firm that signs the report.
Let us find the right audit format
Tell us who needs the opinion, for which period, and whether you have branches or foreign trade. We will reply with the audit format, timing and fee.
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